Natural Gas News – March 7, 2025
Natural Gas News – March 7, 2025
Bearish Report Challenges Bull Run Despite 585 Bcf Deficit
Natural gas futures retreat for a second session following a bearish storage report showing only an 80 Bcf withdrawal versus 92-94 Bcf
expected. Total working gas stands at 1,760 Bcf, which is 585 Bcf below last year’s levels and 224 Bcf under the five-year average.
Weather forecasts suggest only moderate demand with alternating cold and mild periods, limiting heating demand despite northern cold. Natural gas is trading near a critical pivot level of $4.147, with next major support at $3.770 if current levels fail to hold. Increased solar energy generation contributed to reduced gas demand for power, resulting in the bearish storage surprise. U.S. natural gas futures are retreating for a second session on Friday as traders digest a weakerthan-expected storage report and fluctuating weather forecasts.
Prices had… https://tinyurl.com/3zf8wcx8
Warmer Weather Set to Pressure Market This Week
Natural gas prices have risen significantly due to extreme weather conditions increasing demand and causing production disruptions.
Record levels of U.S. liquefied natural gas exports are putting pressure on domestic supply and contributing to higher prices.
Geopolitical uncertainties and reduced Russian gas flows to Europe have increased global competition for LNG, further driving price
volatility. Natural gas prices recently soared to their highest levels in two years, driven by a combination of extreme weather, supply
constraints, record liquefied natural gas (LNG) exports, and global demand pressures. This surge has significant implications for
consumers, industries, and energy markets worldwide. Arctic conditions across North America and Europe have dramatically
increased heating… For more info go to https://tinyurl.com/4pdcbmh3
This article is part of Daily Natural Gas Newsletter
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