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Natural Gas Price Fundamental Daily Forecast - Muted Reaction to Friendly EIA Report; Heat Returns Next Week

Natural Gas Price Fundamental Daily Forecast - Muted Reaction to Friendly EIA Report; Heat Returns Next Week
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Natural Gas Price Fundamental Daily Forecast - Supported by Strong LNG Volumes, Cooler Temps


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Natural gas futures moved higher on Friday, cementing a strong weekly gain. The market hits its highest level since March 12 on the back of increased weather-driven demand and strong liquefied natural gas (LNG) volumes. Perhaps putting a lid on the rally was a 2.0 cent drop in Natural Gas Intelligence’s (NGI) Spot Gas National Average.
On Friday, June natural gas settled at $2.754, up $0.024 or +0.88%.
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Daily June Natural Gas
LNG Feed Gas Volumes Remain Supportive
NGI reported that LNG feed gas volumes hovered close to 2021 highs and above 11 Bcf on Friday, as export destinations in Asia and Europe continued to buy up U.S. supplies of the super-chilled fuel. Pipeline exports to Mexico also held strong, hanging near 7 Bcf. ....

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