Nat GAS prices are higher with cold weather forecasts

NYMEX Natural Gas (NGX25) on Monday on +033 (+0.99 %).

On Monday, NOV Nat Gas settled on US most cold temperatures, which may enhance heating demand for Nat Gas. G2 at Aductionasser Atmosphere said on Monday that forecast has turned cold throughout the United States from 16 to 20 October.

Last Thursday, the Nat Gas prices jumped to the earliest 2.5 months due to the smaller construction of the invalid gas. The environmental impact evaluation reported on Thursday that the Nat GAS stocks rose +53 BCF for the week ending September 26, less than +64 BCF expectations.

Nat Gas production has been the highest decline in prices. Last month, the environmental impact evaluation raised its expectations for the production of 2025, the United States of America, by +0.2 % to 106.63 BC/a day of estimated 106.40 BC per day. Nat Gas production is currently in the United States near a record level, as Nat Gas Active Active has recently published the highest level in two years.

Dry gas production in the United States (less than 48) was on Monday 107.6 BC/Day (+4.9 % on an annual basis), according to Bnef. The demand for low state gas was 48 on Monday 68.8 BC per day (+0.1 % year), according to Bnef. The clear flow of liquefied natural gas was estimated at the American LNG export stations on Monday 15.8 BC (+2.8 % w/s), according to Bnef.

As a supportive gas price factor, the Edison Electric Institute reported last Wednesday that the removal of electricity in the United States (less than 48) in the week ending September 27, rose +5.96 % Y/y to 84,530 GWH (Gigawatt Hours), and the production of electricity in the United States in a period of 52 weeks that ends on September 27 +2.9 % y/y to 4,271,916 GWH.

Last Thursday, the weekly EIA report was up to NAT-GAS prices since the NAT GAS stocks on September 26 +53 BCF rose less than the consensus of the market of +64 BC and under the weekly average for 5 years of +85 BCF. As of September 26, NAT-GAS +0.4 % stocks on an annual basis, +5.0 % were higher than the seasonal average for 5 years, indicating enough NAT GAS supplies. As of September 30, the storage of gas in Europe was 85 % full, compared to the seasonal medium for a period of 5 years by 90 % full of 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 October 3, at +1 to 118 platforms, slightly less than the highest level of 124 of 124 games published on August 1. Last year, the number of gas platforms increased from 4 years from less than 94 reported 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