Natural Gas News – May 19, 2025
Natural Gas News – May 19, 2025
Weak Demand Threatens 200-Day Moving Average Support Today
Natural gas futures test 200-day average, with weak demand and oversupply fueling the bearish momentum. Mild weather forecast from May 19–23 limits power sector demand and holds back any bullish potential in futures. Technical breakdown below $3.035 could accelerate a slide toward $2.376 as market pressure continues to mount. U.S. natural gas prices extended their losing streak Monday, opening lower and testing key technical support levels. Futures are now eyeing a potential drop below the 200-day moving average at $3.158 and the April low at $3.035, with momentum favoring sellers amid softening demand and ample supply. Forecasts for continued below-normal temperatures across major demand centers in the East and Midwest are capping power sector consumption. Despite isolated heat in the South and Texas, national… https://tinyurl.com/yj27b7x7
Egypt Scrambling For Cheap Oil and LNG as its Energy Crisis Deepens
Facing record heat and surging electricity demand, Egypt is struggling with a renewed natural gas shortfall. Cairo is in advanced negotiations with Qatar for long-term LNG supply deals, while
planned Israeli gas deliveries face delays over pricing. Despite its LNG export goals, Egypt’s inability to meet local energy needs highlights deep production challenges and financial constraints.
Egypt is once again facing a resurgence of natural gas shortages, drawing headlines as the country enters the peak summer season. With soaring temperatures above 40°C expected in the coming
months, electricity demand—driven largely by air conditioning—is putting intense pressure on the national grid. In response, the Cairo government is scrambling to implement emergency measures to avoid blackouts. Despite E… For more info go to https://tinyurl.com/murszvtu
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