Natural gas prices in the U.S. have surged above $3 per million British thermal units (mBtu) for the first time since January, driven by stronger demand, production cuts, and increased gas-fired generation and LNG exports. The price rise marks a significant rebound from the lows of approximately $1.5 per mBtu in April. Natural gas futures have also increased by 5%, and the commodity is on track for its highest close since November. Spot prices across the U.S. have followed this upward trend, with prices up 32% YoY. The rise in natural gas prices has positively impacted related stocks, with companies like Tidewater Inc. (TDW) seeing a 13% increase. Analysts are noting the potential for further price increases due to ongoing market dynamics and historical patterns reminiscent of the 2010 European banking crisis.
NATURAL GAS MARKET: Stronger demand and production curtailments are starting to rebalance the American gas market. Henry Hub nat gas has risen >$3 per mBtu for the first time since January (double the ~$1.5 per Btu low of April) #ONGT
Europe currently seeing the WORST inflow of LNG since early 2022 The trend is worrying and we are starting to see spill-overs to Nat Gas prices More -> https://t.co/6uYvtDqa3k https://t.co/e4mLhTx9Do
Watching NatGas this morning, back above $3; still has that monster overhead resistance ($3.60ish) that is more than 50C away...........
U.S. GAS futures prices for winter 2024/25 have started to rise as traders anticipate the surplus inventories inherited from winter 2023/24 will be eliminated by production cuts and an increase in gas-fired generation and faster LNG exports. Prices for gas delivered in the middle… https://t.co/9WYCzdbGIg
⚠️ U.S. NATURAL GAS FUTURES UP 5%
U.S. NATURAL GAS FUTURES UP 5%
⚠️ INDIA'S NIFTY OIL & GAS INDEX <.NIFOILGAS> RISES 1.39%
Natural Gas (LNG) has had a fantastic run over the last month, but my main concern now is the 2010 pattern. 2010/2011 was the period when we had the European banking crisis and global growth fears. https://t.co/5j1ChpDuo4 https://t.co/LoGsqbrq3S
$TDW hot +13% on back of Nat Gas $NG_F +5%
#Natgas above $3 for the first time since January...of course winter gas is more expensive than summer gas $UNG +32% YoY https://t.co/2VgTTo8VBb
Natural Gas on track for highest close since November 👀 https://t.co/9mT7a8d642
Natural Gas jumping again and is approaching its highest price of the year https://t.co/4M48o6iOpv
#natgas spot prices at locations across the US https://t.co/RsI5oY0F9h
NatGas Eyeballing it no more, $3.002 prints https://t.co/oslCjwuZtu