We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 535 bcf for the week ending September 21 (up 7.0% w-o-w and up as much as 13.0% y-o-y). The deviation from the norm stayed positive and actually surged from +22% to +32% (see the chart below).
Natural Gas Alert – Wathc Price ₹ 218.60 I Told You Buy and Relax 195 To 218.60 – Neal Bhai Reports
There are few disturbances that could threaten infrastructure in the Gulf of Mexico, which has taken some of the wind out of prices. Demand continues to remain subdued despite a tick up in residential demand due to warm weather that is forecast to cover most of the United States for the next 2-weeks.
Gold Silver Reports (GSR) — Natural Gas on MCX settled down -0.54% at 200.80 dropped in the line of expectation on fresh selling for a 3rd consecutive trading session. Prices are giving back some of the gains experienced last week. This comes despite low inventory levels that have a flat trajectory and have a lot of stockpiles to make up prior to the withdrawal season.
Natural Gas on MCX settled up 0.92% at 208.60 gained despite increase in natural gas inventories. Prices remain buoyed as the trajectory of stockpile increases are less than average, pushing current levels below the 5-year average range. The weather is expected to be warmer than normal over the next 2-week according to the National Oceanic Atmospheric Administration.
MCX Natural Gas Call : NG if Close Above 210, We Blast Up To 214—217—222 – Neal Bhai Reports – INDIA – Jai Hind
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