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Natural gas eased as the amount of gas flowing to LNG export is low.
Natural gas yesterday settled down by -2.59% at 207 as the amount of gas flowing to liquefied natural gas (LNG) export plants remained low due to maintenance outages and a bigger 2% drop in oil futures spurred by grim manufacturing data. Gas futures fell despite forecasts for hotter weather and higher gas demand over the next two weeks than previously expected as a heat wave moves slowly across the central U.S. Russia produced 34.3 billion cubic metres (bcm) of natural gas in July, down 6.7% from the same month last year, according to data.
