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US EIA weekly natural gas inventories -81bcf vs -75bcf expected

US EIA weekly natural gas inventories -81bcf vs -75bcf expected

Natural gas has been trying to get off the floor after flirting with a one-handle. Forecasts have been trending colder for March but it's too late to save the heating season.

It's looking to me like there's too much natural gas in North America and a mess in the pipeline system. In the second half of the decade, it could balance out with more LNG online but given how rapidly gas names upped production, I don't think we're going to be back above $5 sustainably for awhile.

At the e... Read More

Posted: Mar 2 2023, 15:34
Author Name: forexlive
Views: 110717

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