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Robust natural gas production, plump supplies in storage and benign winter weather so far could send Henry Hub futures below $2.00/MMBtu, putting prices
Mild temperatures and light heating demand intersected with surging production volumes to send weekly natural gas cash and futures prices lower. NGI’s
Brent crude climbed by 40 cents, or 0.5pc, to $81.17 a barrel by 0723 GMT.
Natural gas futures, under heavy pressure most of 2023 amid mild weather and strong production, found a path forward for a second consecutive session on
Utilities withdrew 23 Bcf of natural gas from storage for the week ended March 31, the U.S. Energy Information Administration (EIA) reported Thursday. The