Natural Gas News – September 12, 2023
Natural Gas News – September 12, 2023
Natural Gas Price Forecast – Natural Gas Continues to Build Up a Base
Tuesday’s trading session saw natural gas markets finding stability, leaving traders pondering their next moves. Currently positioned at the lower end of a recent price range, the next market shift is of great significance. To understand this market better, it’s essential to view it as cyclical, given its susceptibility to short-term fluctuations. As we transition into the fall season, it’s customary for natural gas demand to rise. With winter looming, the need for heating increases, consequently boosting the demand for natural gas. Furthermore, the European Union’s interest in securing natural gas from the United States due to local shortages adds complexity to the equation. Brace yourselves for a bumpy ride, but remember that market cycles tend to reassert themselves, ultimately pushing natural gas prices higher…
Natural Gas in US Uninterested in Europe’s LNG Problems
Natural Gas prices are taking off in Europe after workers in Australia have started their partial strikes on Friday. The volatility is peaking on the European gas market with European gas futures up over 10% at one point in European trading hours. Prices are set to rally further as from Thursday a full walkout could take place if no accord is being
formed. Meanwhile the US Dollar is tanking in a blood red trading day this Monday. The Greenback is losing big time against the Yuan, Yen and Australian Dollar, each time down near 1%. This makes the DXY slide substantially lower. The Appalachia bassin production for local US natural gas deliveries, is expected to fall near 2.5% in production. All terminals across the US are reporting a decrease in exports as well for LNG this week. A big diver…
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