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Naturalgas trading range for the day is 216.1-228.7 - Kedia Advisory
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Crudeoil
Observations
Naturalgas trading range for the day is 216.1-228.7
Natural gas slipped on forecasts for slightly lower temperatures next week.
However, increase in the daily amount of gas flowing to LNG export plants and a higher demand outlook limited loss.
Extreme heat boosts the amount of gas generators burn to produce power for air conditioning, especially in Texas.
Refinitiv forecast U.S. gas demand, would rise from 103.7 bcfd this week to 104.3 bcfd next week as the weather turns hotter
Natural Gas
Observations
Naturalgas trading range for the day is 216.1-228.7
Natural gas slipped on forecasts for slightly lower temperatures next week.
However, increase in the daily amount of gas flowing to LNG export plants and a higher demand outlook limited loss.
Extreme heat boosts the amount of gas generators burn to produce power for air conditioning, especially in Texas.
Refinitiv forecast U.S. gas demand, would rise from 103.7 bcfd this week to 104.3 bcfd next week as the weather turns hotter.
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