Natural Gas News – March 10, 2025
Natural Gas News – March 10, 2025
Mansfield Market Assessment
Natural Gas prices are dramatically increasing today on the heels of rumors that gas production in the Permian is decreasing because of the sell-off in crude prices. Again, underground storage levels are very low presently and they need to be refilled, or we believe the market will not have enough incremental supply to meet LNG and native demand this winter. With all of the moving pieces here, we are at a fixed price for the summer where coal is once again economically viable.
Warmer Weather Set to Pressure Market This Week
Rising natural gas prices, up 160% in a year, are prompting U.S. producers to increase output after months of curtailments. Depleted inventories due to a cold winter and increased LNG exports have driven prices above $4 per MMBtu. New LNG facilities coming online are further boosting demand and encouraging producers to add gas rigs and increase production. While the slowdown in U.S. oil production continues, rallying natural gas prices are setting the stage for a rebound in America’s gas output this year, following months of output curtailments in 2024. Slowing natural gas production last year, fast-depleting inventories during the coldest winter in years, and record-high flows to LNG facilities and LNG exports have pushed the benchmark U.S. natural gas prices above the $4 per million…For more info go to https://tinyurl.com/jszkw3d8
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
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.
