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US Natural Gas Futures Rise as Trading Resumes on CME


These translations are done via Google Translate

US natural gas futures rose as trading resumed on the Chicago Mercantile Exchange and wintry weather hits parts of the Midwest and East, with forecasts showing below-normal temperatures in the coming weeks for the Northeast and Great Lakes.

  • Futures for January delivery +13c, or +2.9%, to $4.688/mmbtu on Nymex, as of 9:07am ET

Weather:

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  • Heavy lake effect snow will pummel regions downwind of the Great Lakes through early Saturday, and a major winter storm will bring snow and gusty winds from the eastern Plains to the western Great Lakes through Saturday, according to the National Weather Service
    • European Centre weather model shifted cooler for US, with more intense cold seen in Northeast and Great Lakes region Dec. 3-7: Commodity Weather Group
  • 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:


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  • Lower-48 dry gas production on Friday ~113.4 bcf/day, or +8.3% y/y
  • Lower-48 total gas demand on Friday ~98.6 bcf/day, or +9.2% y/y
  • Dry gas exports to Mexico on Friday ~6.6 bcf/day, or -2.2% w/w
  • Estimated gas flows to LNG export terminals on Friday ~18.5 bcf/day, or +4.4% w/w

This story was produced with the assistance of Bloomberg Automation.



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