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Natural Gas Prices Plummet Amidst LNG Facility Delay and Above-Average U.S. Temperatures

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Source: Natural Gas Intelligence
Natural Gas Prices Plummet Amidst LNG Facility Delay and Above-Average U.S. Temperatures
Photo: Natural Gas Intelligence
TL;DR

Natural gas futures plummeted after news of a delayed completion of a major LNG export facility intensified concerns about a storage glut. The decline was driven by robust production and weak weather-related demand. The front-month natural gas futures contract settled down 14.1 cents at $2.569/MMBtu, while February futures dropped 15.0 cents to $2.517. The spot gas national average also sank 52.5 cents to $3.030.

Topics:businessenergy#energy#lng-facility#natural-gas-futures#production#storage-glut-fears#weather-related-demand
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  1. January Futures Crumbled as News of LNG Facility Delay Stokes Storage Glut Fears  Natural Gas Intelligence
  2. Natural Gas Technical Analysis for December 08, 2023 by Chris Lewis for FXEmpire  FX Empire
  3. Nat-Gas Prices Plunge on Forecasts for Above-Average U.S. Temps  Nasdaq
  4. In Wake of Golden Pass Delay, January Natural Gas Nears $2.50 Ahead of EIA Data  Natural Gas Intelligence
  5. Natural Gas Prices Forecast: Facing Downward Pressure Ahead of EIA Storage Data  FX Empire

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