Natural gas futures rallied sharply this week, pushing past previous resistance ahead of weekend cold. Model runs suggesting another shot of below-normal air in key population centers beyond the two-week period also helped support pricing ahead of the weekend. Meanwhile, the storage surplus to year-ago levels has been nearly fully evaporated, and LNG export demand hit a new record high above 15 Bcf per day on Friday, with the Plaquemines liquefaction terminal ramping up operations.
Natural Gas Market Talk | 12.20.2024
NYMEX futures surge to new highs in anticipation of cold shots this weekend and in early January.
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