Lates News

U.S. natural gas futures prices rose as natural gas production declined over the weekend, with the most pronounced cutbacks in the Appalachian shale gas region. The drop in supply suggests that producers may be proactively curtailing output amid low natural gas prices. In addition, weather forecasts have turned slightly colder, implying that demand for natural gas for heating and power generation may increase as the winter heating season begins. However, temperatures across most of the United States are expected to remain above seasonal averages in the coming weeks, which could limit the upside for natural gas prices and offset the support from the marginal increase in heating demand. Furthermore, the volume of natural gas flowing to LNG export terminals has also declined, leaving more natural gas in the U.S. domestic market and putting downward pressure on prices.