U.S. Natural Gas holds near 10-week highs
U.S. natural gas futures hovered around $3.20/MMBtu, a ten-week high, supported by lower output. Production in the Lower 48 slipped to 107.4 bcfd in early September from a record 108.3 bcfd in August. The earlier supply surge fueled large storage injections, leaving inventories 6% above the five-year average and 1% higher year-over-year.
On the demand side, forecasts call for above-normal warmth into early October, while LNG feedgas flows averaged 15.7 bcfd—slightly below August levels.
Longer-term risks remain. Global LNG capacity is projected to expand 60% by 2030, with half of the new supply coming from the U.S. This raises the threat of oversupply, potentially pressuring prices in Asia and Europe. Still, strong domestic demand—driven by slower renewable deployment and rising AI-related power needs—may lend support to U.S. prices.
In Europe, gas inventories stand at 82.3% capacity, with France and Italy above 90% and Germany at 76.6%. Softer Asian demand due to milder cooling needs has freed up cargoes for Europe, helping push prices lower.
Geopolitical risks remain in focus. NATO–Russia tensions and potential sanctions on Russian energy—including Europe’s ban on seaborne imports by 2027—could disrupt supply and limit downside.
U.S. natural gas futures hovered around $3.20/MMBtu, a ten-week high, supported by lower output. Production in the Lower 48 slipped to 107.4 bcfd in early September from a record 108.3 bcfd in August. The earlier supply surge fueled large storage injections, leaving inventories 6% above the five-year average and 1% higher year-over-year.
On the demand side, forecasts call for above-normal warmth into early October, while LNG feedgas flows averaged 15.7 bcfd—slightly below August levels.
Longer-term risks remain. Global LNG capacity is projected to expand 60% by 2030, with half of the new supply coming from the U.S. This raises the threat of oversupply, potentially pressuring prices in Asia and Europe. Still, strong domestic demand—driven by slower renewable deployment and rising AI-related power needs—may lend support to U.S. prices.
In Europe, gas inventories stand at 82.3% capacity, with France and Italy above 90% and Germany at 76.6%. Softer Asian demand due to milder cooling needs has freed up cargoes for Europe, helping push prices lower.
Geopolitical risks remain in focus. NATO–Russia tensions and potential sanctions on Russian energy—including Europe’s ban on seaborne imports by 2027—could disrupt supply and limit downside.
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Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
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t.me/elibrianalytics
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。