Natural Gas News – May 17, 2022

By Published On: May 17, 2022Categories: Daily Natural Gas Newsletter

Natural Gas News – May 17, 2022

Europe and US Set For Scorching, Dry Summer

Scientists at the Copernicus Climate Change Service, who published their seasonal outlook on Friday, said hotter and drier weather is highly likely across key agricultural regions in the European Union. It could bring drought conditions for farmers who are already battling the impacts of climate change. Abnormally high temperatures could also fuel natural gas demand for air conditioning. Russia’s war on Ukraine has already driven gas prices in Europe higher, contributing to a cost of living crisis across the region. The scientists said there’s a 70% to 100% probability that temperatures across the northeastern U.S., Spain, France and Italy will be well above average from June to August. At the same time, the chance of below-normal rainfall across swathes of central Europe, France, Spain and the U.S. Northwest was … For more info go to

US Natural Gas Futures Jump 5%

US natural gas futures jumped about 5% to a one-week high on Monday as higher European prices keep US liquefied natural gas (LNG) exports strong even though Europe has more gas in storage compared with normal than the United States. Also supporting US prices, power demand in Texas was expected to soar to a monthly record on Monday as homes and businesses crank up their air conditioners to escape another spring heat wave. Traders noted US prices were up despite a 5% drop in European prices and forecasts for milder weather and lower US demand over the next two weeks than previously expected. US front-month gas futures for June delivery were up 39.5 cents, or 5.2%, to $8.058 per million British thermal units (mmBtu) at 9:28 a.m. EDT (1328 GMT), putting the contract on track for its highest… For more info go to

This article is part of Daily Natural Gas Newsletter


Subscribe to our Daily Feed

Daily articles and insights from the fuel markets and natural gas space.


The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Stay on Top of the Fuel Markets

FUELSNews, your daily source of marketing information and insights

Subscribe to our publications and newsletters