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BREAKING NEWS:

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U.S. Natural Gas Declines as Weather Moves Cooler in Central US


These translations are done via Google Translate

U.S. natural gas futures fell as weather forecasts shifted cooler for the central part of the country. Gas storage remains significantly above the five-year average, inciting fears of a continued oversupplied market, and production is strong.

  • Futures for August delivery settled -12.3c, or -4.7%, to $2.478/mmbtu on Nymex
    • Lowest close since May 15

Weather:

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  • Forecasts are trending cooler in the central part of the US, while summer heat continues for much of the rest of the country, particularly the West, July 6-10: Maxar
  • See WHUT for a map of latest 6-10 day weather forecast: NOAA
  • Click here for two-week temperature forecasts for the US

Daily BNEF Gas Data:

  • Lower-48 dry gas production on Monday ~101.3 bcf/day, or -0.7% y/y
  • Lower-48 total gas demand on Monday ~74.7 bcf/day, or +5.8% y/y
  • Dry gas exports to Mexico on Monday ~6.1 bcf/day, or -8% w/w
  • Estimated gas flows to LNG export terminals on Monday ~12.7 bcf/day, or -0.6% w/w


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