NAT GAT prices fell with weather forecasts in the United States

Nymex Natural Gas (NGU25) closed on Monday -0.036 (-1.20 %).

Sep Nat Gas fell on Monday to its lowest level for 3.5 months. The cooler temperature expectations in the United States, which will reduce the demand for natural gas from electricity providers to air conditioning, reduce natural gas prices. Vaisala said on Monday that the forecast had turned cold to the eastern United States from 16 to 20 August.

The Nat GAS output in the United States is another declining factor for the prices, as the current gas is produced in the United States near digging chips resulting from the record and the United States at the highest level of its duration.

Dry gas production in the lower state was 48 on Monday 109.4 BC/Day (+6.3 % on an annual basis), according to Bnef. The demand for lower state gas was 48 on Monday 78.9 BC/day (+8.3 % on an annual basis), according to Bnef. The pink flow of LNG was estimated at the American LNG export stations on Monday 16.5 billion BC/day (+7.1 % w/s), according to Bnef.

An increase in the production of electricity in the United States is positive for the NAT-GAS request from service providers. The Edison Electricity Institute reported last Wednesday that the total electricity output in the United States (less than 48) in the week ended August 2, increased +0.9 % on an annual basis to 99,367 GB, Gigawatt, and the removal of electricity in the United States in the 52 -week period ending August 2 +2.7 % Y/Y to 4,259,351 GWH.

Last Thursday, the weekly EIA report was up to NAT-GAS prices since NAT-GAS stocks on August 1 +7 BCF rose, less than the consensus +12 BCF and an average of 5 years from +29 BCF for this week. As of August 1, NAT -GAS -4.3 % stocks on an annual basis, but were +5.9 % higher than their seasonal average for 5 years, indicating enough NAT GAS supplies. As of August 9, the storage of gas in Europe was 72 % full, compared to the seasonal average for 5 years with a full 79 % for this time of the year.

Baker Hughes said last Friday that the number of drilling platforms in the active United States in the week ending August 8 decreased by 1 to 123 platforms, and slipped from the highest level from 124 of games on August 1. In the past ten months, the number of gas platforms has risen from less than 4 years from 94 informed platforms in September 2024.

On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com