Natural gas futures traded back near recent highs this week, with the prompt-month contract pushing briefly above $3.50 per MMBtu on Thursday. The 190-Bcf storage withdrawal announced for the week ended December 6 was the largest on record for this early in the winter season. LNG exports are near capacity as overall demand is showing significant year-over-year gains. Production is up from pre-winter lows but is still sitting below year-ago levels.
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Transcript
Natural Gas Market Talk | 12.13.2024
Volatility continues for NYMEX natural gas as prices swing back to the upside ahead of another cold snap on tap for later this month.
The Energy Buyer's Guide
Authors
Andy Huenefeld
