U.S. natgas futures down 3% on record output, mild weather forecasts
newscatcher
2022-10-09 21:30
U.S. natgas futures down 3% on record output, mild weather forecasts
U.S. natural gas futures fell about 3% on Friday on record output and continued milder than normal weather that will allow utilities to keep injecting more gas into storage than usual in coming weeks. Also weighing on gas prices was a drop in demand from power outages due to storms and reduced liquefied natural gas (LNG) exports. Over 134,000 homes and businesses were still without power in Florida after Hurricane Ian hit on Sept. 28-29, reducing the amount of gas power generators need to burn to produce electricity.

https://www.hellenicshippingnews.com/u-s-natgas-futures-down-3-on-record-output-mild-weather-forecasts/

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