Daniel Park-MorganNatural Gas, Inventories, Weather and Supply
US Storage Reaches 3,214 Bcf
Working natural gas increased by 30 billion cubic feet during the week ending August 28, reaching 3,214 Bcf. EIA storage report
Inventories were 160 Bcf above the five-year average of 3,054 Bcf.
Warmer Forecasts Could Extend Cooling Demand
The September 6 forecast favored above-normal temperatures across most of the continental United States from September 12–16. NOAA forecast
Global LNG Supply Adds Another Variable
European benchmark natural gas advanced more than 2%, with Dutch TTF futures near €73.73 per megawatt-hour. Qatar-related LNG disruptions added support.
What traders should watch next
- September 10 EIA report
- Lower-48 dry-gas production
- LNG terminal feed-gas demand
- Mid-September temperature forecasts
- Gulf Coast storm activity
- European storage and Qatari LNG flows
#NaturalGas #EIA #GasStorage #LNG
Risk disclaimer: Natural gas is highly volatile and sensitive to weather, inventories and infrastructure events. This is general market information only.
