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07.04.2020 Natural Gas Daily Analysis

Natural Gas is trading at $1.798 (+3.87%) due to higher heating demand expected next weekbecause of forecasts of cooler weather

07.04.2020 Natural Gas Daily Analysis
Yazar: Zack Smith

Yayınlanma: 8 Nisan 2020 14:35

Güncellenme: 14 Kasım 2024 07:22

07.04.2020 Natural Gas Daily Analysis

Natural Gas is trading at $1.798 (+3.87%) due to higher heating demand expected next week because of forecasts of cooler weather in the following 8-14 days. Below-normal temperatures are expected in the US lower 48 states and Refinitiv, a reputable data provider, has forecasted that gas demand will rise. Analysts have said that a decrease in oil production will benefit the natural gas industry since only 40%  of US natural gas production is accounted for by associated gas production (which is gas that is produced along with crude oil).
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