Natural gas June contract edges up as mild weather limits demand
Updated
Updated · The Wall Street Journal · May 1
Natural gas June contract edges up as mild weather limits demand
8 articles · Updated · The Wall Street Journal · May 1
The U.S. benchmark gained 0.2% to $2.773 per mmBtu, with NatGasWeather.com forecasting moderate or low demand over the next couple of weeks.
A storage increase reported a day earlier helped cap stronger gains, leaving futures little changed despite earlier support from lower production and reduced feedgas to Louisiana's Cameron LNG terminal.
Earlier on Thursday, U.S. gas futures had extended a 12-cent rise as Appalachian producers announced strategic curtailments amid weak regional spot prices and an unusually warm April.
With storage levels above average and warm weather reducing demand, what could reverse the current bearish fundamentals in US natural gas?
Could the current supply cuts and strong LNG exports trigger a long-term rise in US natural gas prices, or will oversupply keep prices subdued?
How might the rapid growth of AI data centers and stricter flaring regulations reshape the US natural gas market in the next few years?