Natural Gas News – July 5, 2023
Natural Gas News – July 5, 2023
TELF AG European Natural Gas Market Faces Uncertainty Amid Supply
2023/EINPresswire.com/ — TELF AG, a full-service international physical commodities trader, today, July 5, 2023, released an article discussing the current state of the European natural gas market and the challenges it faces amidst supply disruptions and volatile prices. The article provides insights into the industry’s key developments and emphasizes the need for adaptability in the face of evolving market dynamics. The European natural gas market has recently experienced significant fluctuations due to multiple factors, including supply disruptions, geopolitical tensions, and weather-related demand. Investors and industry stakeholders are closely monitoring the situation as they assess the impact of recent events, such as increased geopolitical tensions and ongoing repair works at Norwegian gas fields.…
Natural Gas Forecast: US LNG Exports Decline as Heat and Maintenance
Natural gas futures are posting a mixed performance on Wednesday as traders assessed the impact of weather forecasts and ongoing maintenance on supply and demand dynamics. Scorching temperatures in certain US regions and cooler conditions in others led to varying levels of demand. However, planned maintenance at major suppliers and reduced European demand caused a 10% drop in US LNG exports in June. The US faced intense heat in some areas, indicating strong demand for natural gas. Despite this, the overall market sentiment remained bearish due to a significant surplus of +358 Bcf. Natural gas prices declined on Monday, but the exact reasons were unclear. Despite the surplus, LNG prices showed strength, resulting in a market with both bullish and bearish elements. Preliminary data showed a …
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