Natural Gas Slid On Forecasts For Less Demand Over The Next Two Weeks.
Natural gas experienced a decline of -1.13% yesterday, settling at 140.1, primarily driven by revised forecasts indicating lower demand over the next two weeks. This downward pressure was further exacerbated by reduced gas flows to liquefied natural gas (LNG) export plants, attributed to ongoing outages at Freeport LNG’s facility in Texas. The market has been grappling with near-record output levels, mild weather, and decreased heating demand throughout the winter, leading utilities to store significantly more gas than usual for this time of year.
