Friday, natural gas nymex (NGU25) closed +0.075 ( + 2.64%).
Friday, the prices of MS NAT-GAS recounted a bit from the lowest from Wednesday to 9 months closest when the weather forecasts became mixed compared to the previous cooling trend. Atmospheric G2 said on Friday that forecasts have rechuken in the western half of the United States, but fresher in the east for August 20 to 24.
NAT-GAS prices were underestimated on Tuesday when EIA increased its forecasts for the production of 2025 NAT-GAS from + 0.5% to 106.44 BCF / day compared to the July 105.9 BCF / Day estimate. The EIA increased its forecasts for the production of 2026 nat-gas by + 0.7% to 106.09 compared to the 105.4 BCF / day of July. US production NAT-GAS is currently close to a record, with active nat-gas platforms that recently published a 2-year summit.
Friday, the production of dry gas from the United States (lower) was 109.9 BCF / day (+ 7.3% in Y / Y), according to BNEF. Friday, the gas request in the lower condition was 80.3 BCF / day (+ 1.2% in y / y), according to BNEF. Friday, the net LNG flows estimated to the LNG export terminals were 15.7 BCF / day (+ 4.8% p / p), according to BNEF.
In a lowering factor, the Edison Electric Institute reported on Wednesday that the production of American electricity (lower -48) during the week ended on August 9 had decreased from -1.9% in Y / Y to 93,293 GWh (gigawatt hours), although the production of American electricity in the period of 52 weeks ending on August 9 + 2.6% y / y 4.257,529 GWh.
The weekly EIA report on Thursday was slightly dropped for nat-gas prices, because the Nat-Gas stocks for the week ended on August 1 increased by +56 BCF, slightly above the +54 BCF consensus and well above the 5-year-old weekly average of +33 BCF. As of August 8, the Nat-Gas inventories were down -2.4% in Y / Y, but were + 6.6% above their 5-year seasonal average, reporting adequate nat-gas supplies. As of August 9, gas storage in Europe was 72% full, compared to the seasonal average of 5 years of 79% full for this period of the year.
Baker Hughes reported on Friday that the number of American NAT-GAS drilling platforms active during the week ending on August 15 fell from -1 to 122 platforms, sliding a little further from the 124-year summit of 124 platforms displayed on August 1. In the past year, the number of gas platforms increased the level of 44 years of 94 platforms reported on 2024.
On the date of publication, Rich Asplund did not (directly or indirectly) have positions in any of the titles mentioned in this article. All information and data of this article are only for information purposes. This article was initially published on Barchart.com
