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29.04.2020 Natural Gas Daily Analysis

Natural gas is trading at $1.966 (+0.92%). It has continued to be volatile, going up one day and going down the next as it was rolling over to the June

29.04.2020 Natural Gas Daily Analysis
Yazar: Zack Smith

Yayınlanma: 30 Nisan 2020 14:42

Güncellenme: 23 Kasım 2024 09:02

29.04.2020 Natural Gas Daily Analysis

Natural gas is trading at $1.966 (+0.92%). It has continued to be volatile, going up one day and going down the next as it was rolling over to the June contract. Total US natural gas consumption has fallen by roughly 3% compared to a report released last week by EIA. Natural gas consumption in the industrial sector has decreased by 3% w/w. Power generation consumption has decreased by 6% w/w, however, export to Mexico increased by 3%. The weather forecast says it will be cooler than normal in the east and warmer than normal in the west. This season usually has little natural gas demand.
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