View full page at energyexch.com

 

US natgas prices ease as tropical storm provides relief from heat in Texas

From boereport.com

U.S. natural gas futures eased about 1% on Tuesday as the amount of gas flowing to liquefied natural gas (LNG) export plants remains low due to maintenance outages and as a tropical storm reduces power demand in Texas. That price decline came despite forecasts for gas demand to rise more than previously expected next week with the weather across much of the country expected to remain hotter than normal through at least early September. In the central U.S., power demand surged to an all-time high in the Southwest Power Pool (SPP) on Monday as homes and businesses cranked up their air conditioners to escape a brutal ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis