NAT GAS prices rise with the transformation of weather forecasts in the United States

Nymex Nymex (NGV25) closed on Tuesday +0.047 (+1.67 %).

The prices of Oct Nat Gas have recovered from the lowest level in 4 weeks on Tuesday and rose after US temperature forecasts are the hottest in short coverage in Nat Gas Futures. G2 at Atroduster Atmospheric said on Tuesday that predictions turned warmer around the center and northern United States on September 28-2, which may enhance the demand from electricity employees to increase the use of air conditioning, said G2 at Atroduster Atmosphere.

NAT GAS prices fell on Tuesday at the beginning and were under pressure during the past three sessions due to the signs of abundant NAT GAS supplies. As of September 12, US GAS +6.3 % stocks were higher than their seasonal average for 5 years, which is a declining price factor.

Nat Gas production has been the highest decline in prices. Earlier this month, the environmental impact evaluation raised its expectations for the production of 2025 United States NAT GAS by +0.2 % to 106.63 BC/a day from August August 106.40 BC/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) on Tuesday was 107.4 BCF/Day (+4.8 % Y/Y), according to Bnef. The demand for state gas was less than 48 on Tuesday, 75.4 BC/day (+3.7 % on an annual basis), according to Bnef. The clear flow of liquefied natural gas was estimated at the American LNG export stations on Tuesday 14.4 BC (-5.8 % w/s), according to Bnef.

As a supportive of gas prices, the Edison Electric Institute last Wednesday that the production of electricity in the United States (less than 48) per week ended on September 13 +0.83 % Y/Y to 81,346 GWH (Gigawat Hours), and the rise in US electricity production in a period of 52 weeks ending from September 13 +2.98 % Y/Y

Last Thursday, the weekly EIA report was a decrease in the Nat-GAS prices since the NAT GAS stocks rose on September 12, rose +90 BC, higher than the market consensus +81 BC and above the weekly average for 5 years of +74 BCF. As of September 12, NAT-GAS stocks decreased by -0.3 % on an annual basis, but it was +6.3 % higher than their seasonal average for 5 years, indicating enough NAT-GAS supplies. As of September 21, the storage of gas in Europe was 82 % full, compared to the seasonal average for 5 years, which is 88 % 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 September 19 did not change at 118 platforms, just less than the highest level than 124 platforms published on August 1. Last year, the number of gas platforms increased from less than 4.5 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