Natural Gas News – February 10, 2025
Natural Gas News – February 10, 2025
Mansfield Market Assessment
The weather warmup looks like it is ending and the models are showing colder weather went thru the 11-15 day period. End of season storage levels are going lower. We estimate the total withdrawal coming out this winter season to be around 1.65 Tcf. We also believe summer injections are unlikely to exceed the 2 Tcf mark this summer due to the continued rise in LNG exports and strong demand on the power side. I think we will need to have a higher Q2 injection to shut off power burn and switch to coal. That price level is around $ 3.85, and production is around 105 Bcf/day and holding steady. We are going to need more as LNG send out continues to ramp up!
Will Weather Keep Futures Under Pressure?
Oil prices climb amid geopolitical tensions, but market pressure persists after three consecutive weekly declines. Natural gas holds above $3.41 pivot; bullish momentum intact unless price dips below key support at $3.40. WTI crude eyes $73.30 resistance, with bulls needing a breakout above $71.81 to sustain upward momentum. Oil prices edged higher on Monday as traders assessed ongoing geopolitical tensions and potential disruptions in global energy supply. The market remains under pressure, having posted its third consecutive weekly decline amid concerns over economic uncertainty and fluctuating demand. Recent trade policy shifts have added to market volatility, with analysts noting that tariff-related headlines could continue influencing investor sentiment in the months ahead. Meanwhile,… For more info go to https://tinyurl.com/2uym7tty
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