US Natural Gas Prices Drop 3% Ahead of Cooler Weather Forecasts
U.S. natural gas futures fell about 3% on Monday on near-record output, ample fuel in stockpiles and forecasts for less hot weather next week than previously expected.Front-month gas futures for September delivery on the New York Mercantile Exchange fell 9.5 cents, or 3.3%, to $2.821 per million British thermal units by 5:53 a.m. EDT (0953 GMT).The U.S.
Wholesale Gas Prices See Little Change as Low Wind and Nuclear Boost Demand
Dutch and British wholesale gas prices were little changed on Tuesday morning as demand for gas for power was boosted by low wind and nuclear output amid a heatwave in much of Europe.The benchmark Dutch front-month contract at the TTF hub was down 0.2 euro at 32.80 euros per megawatt hour (MWh) or $11.17/mmBtu, by 0823 GMT, LSEG data showed.The…
US Natural Gas Prices Rise to Two-Week High Amidst Hot Weather
U.S. natural gas futures edged up about 1% to a two-week high on Wednesday as hot weather boosts the amount of gas power generators must burn to keep air conditioners humming and on near-record flows of gas to LNG export plants.Front-month gas futures for August delivery on the New York Mercantile Exchange rose 2.8 cents, or 0.8%, to settle at $3.551 per million British thermal units…