Natural Gas News – April 4, 2024

By Published On: April 4, 2024Categories: Daily Natural Gas Newsletter

Natural Gas News – April 4, 2024

Natural Gas News: Flat Movement

The U.S. natural gas market is nearly flat on Thursday traders await the latest government storage report. Key factors influencing this trend include varying weather conditions and expected storage changes. At 13:17 GMT, U.S. natural gas futures are trading $1.848, up $0.007 or +0.38%. The anticipated storage report, projecting a decrease of 38 to 43 billion cubic feet (Bcf), comes against a backdrop of cooler weather in most parts of the U.S., with exceptions
in regions like the Ohio Valley, Northeast, and Florida. NatGasWeather forecasts from April 4-10 indicate a mix of high demand due to cooler temperatures in the Great Lakes and East, and lower demand elsewhere due to milder weather. Wednesday’s market activity showed a slight dip in U.S. natural gas futures by about 1%, influenced by a smaller-than-expected … For more info go to

Appalachia Gas Production Slowdown Lifts Cash

The slowdown in Appalachian gas production this spring is already easing pressure on cash basis prices. This summer though, traders are betting on wider spreads there as Henry Hub gas climbs back above $2. Over the past eight weeks, gas production from the Marcellus and Utica shale has fallen sharply. In April, combined inbasin production has averaged just over 33.5 Bcf/d – down from a near record-high average around 35.7 Bcf/d as recently as February, data from S&P Global Commodity Insights showed. The precipitous slowdown comes on the heels of a tough winter for producers. In mid-February, cash prices at Appalachia’s benchmark hub, Eastern Gas South, briefly drifted below $1.20/MMBtu on several trading days and averaged less than $1.35 during the full month, putting pressure on producer… For more info go to


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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.

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