Falling Parallel Channel

Rectangle Pattern

Range Bound

Continued EURUSD shorts

Monday blues and reds on Gold

Ethereum buys from the support level

Chainlink another buys from the support

Rising Wedge

Ripple to be bought again

Bitcoin buys from support retest

DJ30 shorts from the top

Still short on Gold

Another shorts on EURUSD

Another bearish shot on EURUSD

DJ30 at a weekly resistance level

Symmetric Pattern

Falling Wedge

Unusual price action on Gold

AUDUSD buys from support

Ascending Triangle

Rising Parallel Channel

Faling Wedge

Opportunity Ahead

美元疲软，黄金价格继续冲刺

澳洲CPI今晚发布，数据面动能短线回落

DJ30 buys from 35100

GBPJPY at the resistance level for sells

Breakout of Falling Parallel Channel

Pennant

Book full Profit

黄金继续受到美元走软利好，站稳2000并继续向上冲刺

美元地位冲高回落，整体动能依然偏空

EURUSD is at a resistance

Gold at a weekly resistance

Round 2 on Ethereum

Chainlink in a bullish trend

Hop on to XRP before its late

Bitcoin just broke out from the trendline

AUDUSD to sell from 0.6570

Another scale in on shorts on GOLD

Tesla buys from 233

Brent at 82.70

Flag And Pole

Huge XRP Weekly Megaphone Structure Revealed. Huge Moves Ahead!

Gold down after breakout sells

GBPJPY has a trendline breakout sell

DJ30 still bullish

Bullish shots on EURUSD from 1.0885

GOLD double bottom formation

Double Pattern Formation

Ethereum at 1955

Chainlink gaining momentum

The Honest Forming Falling Wedge

Book Full Profit

Book Partial

XRP going to be another bullish magnificent

Bitcoin in a bull run

USDJPY Yearly High Rejection - US Dollar Weakening

Bitcoin Bulls Reclaimed A Crucial Weekly Ready For More Upside!

Cup & Handle breakout

Falling Wedge breakout on the upside

Symmetric Pattern breakdown

Marriot forming Rising Wedge

US natural gas futures rose 2.5% to above $2.75/MMBtu on Tuesday, after an over 4% loss in the previous session driven by updated weather forecasts indicating colder temperatures and heightened heating demand in the coming week. Additionally, the volume of natural gas directed to US liquefied natural gas (LNG) export facilities reached record levels. Despite this recovery, natural gas prices in the US lingered near three-month lows, largely due to near-record levels of domestic gas production, enabling utilities to bolster gas reserves to meet heating demands. Analysts estimated that as of December 1, US gas stockpiles were roughly 7.2% higher than the typical levels for this time of year.

US Natural Gas Recovers Slightly

TTF Gas decreased to a 8-week low of 38.49 EUR/MWh

TTF Gas Hits 8-week Low

UK natural gas futures declined to below 100 pence per therm, the lowest in two months due to mild weather, ample supplies, and strong liquefied natural gas (LNG) flows. With four new LNG arrivals scheduled at UK terminals and eleven cargoes en route, robust send-out levels are expected to persist. Additionally, forecasts indicate warmer temperatures in the upcoming days, settling at seasonal norms until mid-January. In other developments, Oman LNG has secured a 9-year agreement to supply BP with around 1 million metric tons of LNG annually, starting in 2026.

UK Natural Gas Futures Fall to 2-Month Low

Natural Gas EU Dutch TTF decreased below 40, according to trading on a contract for difference (CFD).

Natural Gas EU Dutch TTF traded below 40 EUR/MWh

European natural gas prices dropped to €42 per megawatt-hour due to persistently low demand, allowing the region to maintain healthy gas reserves. Despite a cold spell, withdrawals from storage have been minimal compared to previous years. As of Saturday, EU gas storage was at 94.4%, slightly lower than 97.7% a week ago. Germany's reserves were at 95.2% (down from 99.2%), France at 94.6% (down from 98.7%), and Italy at 93.5% (down from 96.2%). Additionally, temperatures are expected to rise by the end of the week, reducing heating demand. Also, a challenging economic outlook suggests limited potential for a significant increase in industrial consumption in the near future.

European Natural Gas Prices Fall on Subdued Demand

US natural gas futures extended losses to trade below $2.8/MMBtu for the first time since early September, due to abundant storage levels, record production and reduced demand. The latest US EIA's report indicated a surprising build of 10 billion cubic feet in gas storage for the week ending November 24, contradicting market expectations of a 12 Bcf withdrawal. This contrasts starkly with last year's 80 Bcf withdrawal during the same week and a five-year average decline of 44 Bcf. Additionally, weather forecasts indicate that temperatures are likely to remain warmer than usual at least until December 14th. Throughout November, natural gas experienced a significant 26% decrease, marking its most considerable monthly drop since January, when it plummeted by 40%, following a near 22% surge in October.

Natural Gas Extends Losses on Surprise Inventory Build

European natural gas futures have fallen below €40 per megawatt-hour, reaching a seven-week low due to ample supplies and weak demand, despite falling temperatures. Natural gas storage in the EU was at 97% on Monday, only slightly down from 98.4% last Wednesday when temperatures began to decline. In Germany, reserves were at 98.5% full (vs 99.7% on Wednesday), France at 98% (vs 99.4%), and Italy at 95.5% (vs 97%). Parts of Europe have experienced the first snowfall of the year as wintry conditions spread across the continent, with temperatures in Stockholm dropping to -4 degrees Celsius, and Berlin covered in snow with more forecasted for the coming week. Looking ahead, some forecasts suggest a potential temperature rebound in the northwest from December 6.

European Natural Gas Futures Fall Below €40

European natural gas futures fell further to around €43 per megawatt-hour, the lowest in seven weeks as ample supplies more than offset forecasts of very cold weather across much of Europe in early December. The current natural gas storages in Germany and France are nearly full, while Italy's reserves exceeded 96%. Still, freezing temperatures and snow are spreading across the continent, leading to an expected increase in energy demand. Berlin and Helsinki are forecasted to experience lows of -4.5C and -8C, respectively, and parts of Scotland, northeast England, and London are set to see snow and sub-zero temperatures. Additionally, a stuck LNG tanker at an Australian export terminal is halting shipments because only one vessel can dock at the export terminal at a time. Looking ahead, forecasts indicate a continued cold pattern for most of Europe in the next two weeks, though some models suggest a potential temperature rebound in the northwest from December 6.

European Natural Gas Futures Fall Further to 7-Week Low

UK natural gas futures declined to below 110 pence per therm, the lowest in seven weeks as abundant supplies and robust liquefied natural gas (LNG) flows outweighed expectations of colder weather. The market is also impacted by increased renewable generation, driven by strong winds, resulting in reduced gas consumption in the power sector. However, as a polar blast from the east approaches the UK this week, heating demand is anticipated to rise. Parts of Scotland and northeast England are expected to experience snow on higher ground, and London is forecasted to fall below zero by the weekend. Additionally, a stuck LNG tanker at an Australian export terminal is halting shipments because only one vessel can dock at a time. In other developments, Oman LNG has secured a 9-year agreement to supply BP with around 1 million metric tons of LNG annually, starting in 2026.

UK Natural Gas Futures Drop to 7-Week Low

UK Gas decreased to a 7-week low of 109 GBp/thm

UK Gas Hits 7-week Low

US natural gas futures fell more than 5% toward $2.7/MMBtu, their lowest in twelve weeks, due to ample storage levels, record production and lower demand. The US EIA reported a withdrawal of 7 billion cubic feet (bcf) from gas storage for the week ending November 17, significantly less than the 60 bcf withdrawal during the same week last year and a five-year average decline of 53 bcf. Gas stockpiles in the US are approximately 7% above normal for the week ending November 17. The Energy Information Administration attributes abundant inventories to high natural gas production and warmer-than-average winter weather, leading to reduced demand for heating. Forecasts indicate a 4% decrease in heating degree days compared to the prior 10-year average, translating to a 2% drop in space heating consumption compared to the five-year average. So far in November, average gas output rose to 107.6 billion cubic feet per day (bcfd), up from a record 104.2 bcfd in October.

US Natgas Prices Extend Losses to 12-Week Low

Natural gas decreased 5% to 2.7122 USD/MMBtu

Natural gas is down by 5%

European natural gas futures continue to fall to around €44 per megawatt-hour as ample supplies more than offset forecasts of very cold weather across much of Europe in early December. However, freezing temperatures and snow are spreading across the continent, leading to an expected increase in energy demand. Berlin and Helsinki are forecasted to experience lows of -4.5C and -8C, respectively, and parts of Scotland, northeast England, and London are also expected to see snow and sub-zero temperatures. Looking ahead, forecasts indicate a continued cold pattern for most of Europe in the next two weeks, though some models suggest a potential temperature rebound in the northwest from December 6. Meanwhile, the current natural gas reserves in Germany and France are nearly full, with Italy's reserves exceeding 96%.

European Natural Gas Futures Continue to Fall

US natural gas futures surged by 1% to trade around $2.87/MMBtu after the EIA reported an unexpected decrease in inventories. Last week, US utilities experienced a loss of 7 billion cubic feet (bcf) of gas into storage, contrary to market expectations of a 7 bcf increase. This brought stockpiles to 3,826 Bcf, which remains higher than last year's level. Moreover, meteorologists forecasted colder-than-previously-expected weather and anticipated higher heating demand for the next two weeks. Concurrently, record amounts of gas continued to flow to US liquefied natural gas (LNG) export plants, providing additional support.

Natural Gas Rises on Surprise Inventory Draw

European natural gas futures traded muted at around €44 per megawatt-hour, as ample supplies helped mitigate significant price spikes. Despite forecasts of temperatures dropping below seasonal norms across much of Europe this week and into early December, the market remained stable. The anticipated cold snap, with temperatures dropping even further next week, is expected to boost energy demand. For example, Berlin is set to experience a plunge to -2.5°C (27.5°F), and London will be 4.1°C below normal on Sunday. However, the current natural gas reserves in Germany and France are nearly full, with Italy's reserves exceeding 97%. Additionally, soaring German wind output is expected to provide a significant boost to power supplies on the continent, with turbines likely to produce at near-record levels later this week.

European Natural Gas Market Resilience Amid Cold Snap

TTF Gas decreased to a 6-week low of 44.335 EUR/MWh

TTF Gas Hits 6-week Low

Natural gas decreased to a 11-week low of 2.862 USD/MMBtu

Natural gas Hits 11-week Low

UK natural gas futures are currently trading at approximately 115 pence per therm, with traders weighing ample supplies and robust liquefied natural gas (LNG) flows against forecasts of colder weather. The market is also influenced by increased renewable generation due to strong winds, leading to reduced gas consumption in the power sector. As a polar blast from the east approaches the UK this week, heating demand is expected to rise, with temperatures in London potentially dropping as low as zero over the weekend. In other developments, Oman LNG has inked a 9-year agreement to supply BP with approximately 1 million metric tons of LNG per year, starting from 2026.

UK Natural Gas Futures Hover at 115GBp/Thm

US natural gas futures traded around $2.9/MMBtu, close to their lowest in 2-1/2 months due to ample storage levels, record production and lower demand. Gas withdrawals from storage typically begin in mid-November to meet heating demand, but US gas stockpiles were already about 6% above normal in the week ending November 10, projected to reach 7% above normal by November 17. The Energy Information Administration attributes abundant inventories to high natural gas production and warmer-than-average winter weather, leading to reduced demand for heating. Forecasts indicate a 4% decrease in heating degree days compared to the prior 10-year average, translating to a 2% drop in space heating consumption compared to the five-year average. Additionally, with the approaching Thanksgiving Day holiday, traditional demand slowdown is expected. So far in November, average gas output rose to 107.5 billion cubic feet per day (bcfd), up from a record 104.2 bcfd in October.

US Natural Gas Market Set to Cool

Natural gas futures in Europe soared about 5% to above €47 per megawatt-hour on Monday after the Yemen’s Houthi rebels said they have seized an Israeli cargo ship in the Red Sea. The news raised further concerns about possible disruptions to supply due to the conflict in the Middle East. However, abundant storage and mild temperatures in the European continent have been pressuring the gas price down. Current natural gas reserves in Germany and France are nearly at maximum capacity, and Italy's reserves are over 97% full. Last week, natural gas prices fell 3.3%, extending the losses for a fifth week, and are on track to end the November month about 1% lower.

Natural Gas Prices in Europe Rise on Monday

US natural gas futures fell more than 3.5% to below $3.0/MMBtu, the lowest in five weeks, after EIA reported a bigger-than-expected storage build and forecasts for mild weather that should keep heating demand low and allow utilities to keep injecting gas into storage. US utilities added 60 billion cubic feet (bcf) of gas into storage last week, more than expectations of a 40 bcf increase. Last week's increase boosted stockpiles to 3.833 trillion cubic feet (tcf), or 5.6% above the five-year average of 3.630 tcf for the time of year. Utilities could keep injecting gas into storage during the weeks ended Nov. 17 and Nov. 24 if output remains at record highs. So far in November, average gas output rose to 107.2 billion cubic feet per day (bcfd), up from a record 104.2 bcfd in October. Also, the expectation of warmer-than-normal weather until November 21st is reducing heating demand, further dampening the need for natural gas. For the week, natural gas prices are down 2.6%.

US Natgas Prices Down to 5-Week Low

Natural gas decreased 5% to 3.0304 USD/MMBtu

US natural gas futures fell more than 3% to below $3.1/MMBtu on Thursday, after EIA reported a bigger-than-expected storage build and forecasts for mild weather that should keep heating demand low and allow utilities to keep injecting gas into storage. US utilities added 60 billion cubic feet (bcf) of gas into storage last week, more than expectations of a 40 bcf increase Last week's increase boosted stockpiles to 3.833 trillion cubic feet (tcf), or 5.6% above the five-year average of 3.630 tcf for the time of year. Utilities could keep injecting gas into storage during the weeks ended Nov. 17 and Nov. 24 if output remains at record highs. So far in November, average gas output rose to 107.2 billion cubic feet per day (bcfd), up from a record 104.2 bcfd in October. Also, the expectation of warmer-than-normal weather until November 21st is reducing heating demand, further dampening the need for natural gas.

US Natgas Prices Fall by Over 3% After EIA Report

European natural gas futures stabilized at around €46 per megawatt-hour, as the market grapples with abundant storage and mild temperatures that offset concerns about global supply constraints. Unusually warm weather is expected to persist across continental Europe until late November, reducing the demand for heating. Current natural gas reserves in Germany and France are nearly at maximum capacity, and Italy's reserves are over 98.5% full. However, with the arrival of colder weather, withdrawals from gas inventories have commenced. Looking ahead, the market remains susceptible to unexpected high demand or supply issues. Factors such as prolonged and severe cold weather, unplanned outages like production issues or freeze-offs in the US or Norway, and reduced exports from Russia through Ukraine, worker strikes in Australia, or conflicts in the Middle East could all impact global supplies and influence natural gas prices.

European Natural Gas Futures Hold Below €50

UK natural gas futures fell to below 117 pence per therm, after the Storm Debi brought heavy rain and strong winds to the UK, boosting renewable generation and further cutting gas use in the power sector. On the supply side, there are concerns about liquefied natural gas (LNG) exports from Freeport likely due to a power outage. Still, the UK is set to receive eight LNG cargoes within the next 10 days.

UK Natural Gas Futures Steadily Fall

European natural gas futures steadied at approximately €47 per megawatt-hour, with ample storage and mild temperatures counterbalancing worries about global supply constraints. Unusually mild weather is anticipated to persist across continental Europe until late November, diminishing the need for heating. Also, current natural gas reserves in Germany and France are nearly at maximum capacity, and Italy's reserves are also more than 99% full. Nevertheless, with the onset of colder weather, withdrawals from gas inventories have started. Meanwhile, there has been a reduction in natural gas flows to the Freeport LNG export plant following reported issues.

European Natural Gas Futures Hover Below €50

UK natural gas futures fell to below 114 pence per therm on Monday, closing in on their lowest in five weeks due to softer demand and eased supply concerns. The Storm Debi brought heavy rain and strong winds to the UK, expected to gradually subside in the afternoon. At the same time, Israel ordered Chevron to resume output at its major Tamar field, which was shut after the Hamas attack on October 7th, and Israel’s natural gas flows to Egypt have increased as much as 60% this month. Also, LNG demand from Asia remains subdued and the price of spot LNG for delivery to north Asia dropped for a third consecutive time last week, which is also helping to push prices in Europe and the UK down.

UK Natural Gas Futures Down to 5-Week Low

UK Gas decreased to a 4-week low of 113.17 GBp/thm

UK Gas Hits 4-week Low

US natural gas futures rose more than 5% toward $3.2/MMBtu, after a 13.7% decline in the previous week, driven by optimistic predictions of colder weather during the US Thanksgiving holiday and a high volume of gas going to liquefied natural gas (LNG) export facilities. Despite a temporary mild spell, temperatures are expected to drop as winter approaches leading to an increase in the demand for heating. Meteorologists anticipated warmer-than-normal weather through November 23, followed by colder-than-normal temperatures on November 24-25. Additionally, US LNG exports hit new highs, surpassing April records, while Mexican exports declined but might rise with New Fortress Energy's LNG plant. Meanwhile, natural gas production has been on the rise in November, following a record high in October.

US Natgas Rises With Seasonally Colder Weather Coming

European natural gas futures traded around €46 per megawatt-hour, after falling 2.9% last week, which marked the fourth consecutive week of losses, due to full storage and robust liquefied natural gas (LNG) flows. Warmer and windy weather is anticipated this week, and natural gas reserves in Germany are at full capacity, with reserves in France also exceeding 99% full. At the same time, Israel ordered Chevron to resume output at its major Tamar field, which was shut after the Hamas attack on October 7th, and Israel’s natural gas flows to Egypt have increased as much as 60% this month.
Also, LNG demand from Asia remains subdued and the price of spot LNG for delivery to north Asia dropped for a third consecutive time last week, which is also helping to push prices in Europe down.

Natural Gas Prices in Europe Fall

European natural gas prices are on track for a fourth consecutive weekly decline, with TTF futures trading below €47 per megawatt-hour due to full storage and robust liquefied natural gas (LNG) flows. Warmer weather is anticipated next week, and natural gas reserves in Germany are at full capacity, with reserves in France and Italy also exceeding 99% full. However, as colder weather sets in, consecutive net withdrawals from the region's record inventories are occurring, marking the first time since April. This trend may intensify with below-normal temperatures expected over the weekend. Additionally, gas traders are monitoring the Israel-Hamas conflict, but the likelihood of the EU receiving more LNG from Egypt seems low due to tight gas balances and reduced imports from Israel.

European Natural Gas Prices Fall for 4th Week

European natural gas futures increased by 4% to €47.5 per megawatt-hour due to reduced wind and cooler weather boosting demand. Heating and gas for power usage are expected to rise in the coming days as temperatures continue to drop until Sunday. Nevertheless, natural gas prices are on track for a fourth consecutive weekly decline due to full storage and strong liquefied natural gas (LNG) flows. Europe's natural gas reserves are near their maximum capacity and warmer weather is anticipated next week. Gas traders are closely monitoring the Israel-Hamas conflict, but the prospect of the EU receiving more LNG from Egypt appears unlikely due to tight gas balances and reduced imports from Israel.

European Natural Gas Futures Rise on Cooler Weather

US natural gas futures dropped over 4% to approach $3.1/MMBtu, a level not seen since September 18, amid record output and forecasts for mild weather through late November, keeping heating demand low and allowing utilities to keep injecting gas into storage for a couple more weeks. Natural gas production has been on the rise in November, following a record high in October. Additionally, there is currently about 6% more gas in storage than is typical for this time of year. Also, the expectation of warmer-than-normal weather until at least mid-November is reducing heating demand, further dampening the need for natural gas. Meanwhile, gas flows to US LNG export facilities are increasing but remain below the record levels observed in April. EIA projected dry gas production will rise to 103.68 billion cubic feet per day (bcfd) in 2023 and 105.12 bcfd in 2024 from a record 99.60 bcfd in 2022.

US Natgas Prices Drop to 7-Week

Natural gas decreased to a 7-week low of 3.212 USD/MMBtu

Natural gas Hits 7-week Low

US natural gas futures fell more than 5% to below $3.4/MMBtu, due to increased gas production, an abundance of gas in storage, subdued demand, and mild weather conditions. Natural gas production has been on the rise in November, following a record high in October. Additionally, there is currently about 6% more gas in storage than is typical for this time of year. Furthermore, the expectation of warmer-than-normal weather until at least mid-November is reducing heating demand, further dampening the need for natural gas. Meanwhile, gas flows to US LNG export facilities are increasing but remain below the record levels observed in April. Exports to Mexico have been declining since reaching a record high in September, though there are anticipations of an increase when New Fortress Energy's plant begins exporting liquefied natural gas.

US Natgas Prices Down by Over 5%

Natural gas decreased 5.04% to 3.3377 USD/MMBtu

Natural gas is down by 5.04%

UK natural gas futures have fallen to 117 pence per therm, extending three weeks of declines, due to softer demand, increased wind energy production, and eased supply concerns. A severe storm with hurricane-strength winds and heavy rains battered the UK, with the adverse weather continuing to bring heavy rain and strong winds to Scotland and parts of northern England. Additionally, the UK is set to receive six LNG cargoes within the next 14 days, further influencing the supply outlook. Furthermore, supply concerns linked to geopolitical tensions in the Middle East have eased, as natural gas shipments from Israel to Egypt have resumed after a temporary disruption.

UK Natural Gas Futures Extend 3-Week Fall

European natural gas futures declined by more than 4% to fall below €46 per megawatt-hour on Monday, following a 4.9% loss last week, due to unseasonably warm weather and storage sites nearing full capacity. Additionally, concerns regarding gas supply disruptions from the Israel-Hamas conflict have eased. Europe's natural gas reserves are well-stocked as the region heads into winter, with storage facilities operating near their maximum capacity. Furthermore, Western Europe is expected to experience milder weather by mid-November, reducing heating demand as warmer temperatures are expected in many parts of the continent. On the supply side, natural gas shipments from Israel to Egypt have resumed. Nevertheless, Egypt's gas imports remain relatively low, at 250 million cubic feet per day, in contrast to the usual 800 million. Israel had temporarily closed its offshore Tamar gas field due to the conflict in Gaza.

European Natural Gas Futures Fall to Over 3-Week Low

UK natural gas futures have declined to 120 pence per therm, driven by the resumption of natural gas exports from Israel to Egypt. The Leviathan field has resumed gas shipments after the Karish field returned to operation following an outage. This allowed Israel to meet domestic demand and export to Egypt. Nevertheless, Egypt's gas imports remain relatively low, at 250 million cubic feet per day, in contrast to the usual 800 million. Israel had temporarily closed its offshore Tamar gas field due to the conflict in Gaza. Meanwhile, several LNG ships were being held off the UK coast due to high wind gusts, but conditions were expected to improve by Monday-Tuesday.

UK Natural Gas Futures Fall

European natural gas futures fell by 3% to €47 per megawatt-hour on Friday, largely due to the resumption of natural gas shipments from Israel to Egypt. The Leviathan field has restarted its gas exports after the Israeli Karish field returned to operation following an outage. This development allowed Israel to meet its domestic demand and supply gas to Egypt. However, Egypt's gas imports remain relatively low at 250 million cubic feet per day, compared to the usual 800 million. Israel had also temporarily halted its Tamar gas field during the Gaza conflict, further affecting gas deliveries to Egypt. For the week, natural gas prices in Europe are down 6.5%, the third consecutive week of declines due to unseasonably warm weather and nearly full storage sites.

EU Natural Gas Futures Fall as Flows to Egypt Resume

US natural gas futures traded around $3.5/MMBtu, as investors balance increased gas production and milder weather against record gas flows to LNG export facilities. Natural gas production rose to 106.1 bcfd so far in November, surpassing a record high of 104.2 bcfd in October. Looking ahead, meteorologists anticipate a shift to warmer-than-normal weather from November 4-17. Meanwhile, gas flows to US LNG export facilities rose to an average of 14.8 bcfd so far in November, up from 13.7 bcfd in October and a record 14.0 bcfd in April. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. The latest EIA report showed US utilities injected 79 bcf of gas into storage last week, broadly in line with expectations. For the week, natural gas prices in the US are 1.6% higher, extending a nearly 7% gain in the previous period.

US Natgas Edge Up to $3.5/MMBtu

US natural gas futures fell 2% to $3.4/MMBtu, due to increased gas production and milder weather, despite record gas flows to LNG export facilities. Natural gas production rose to 106.1 bcfd so far in November, surpassing a record high of 104.2 bcfd in October. Looking ahead, meteorologists anticipate a shift to warmer-than-normal weather from November 4-17.  Meanwhile, gas flows to US LNG export facilities rose to an average of 14.8 bcfd so far in November, up from 13.7 bcfd in October and a record 14.0 bcfd in April. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. The latest EIA report showed US utilities injected 79 bcf of gas into storage last week, broadly in line with expectations.

US Natgas Down 2%

US natural gas futures rose above the $3.55/MMBtu mark, approaching the nine-month high of $3.65/MMBtu from October 10th amid renewed expectations of strong demand ahead of the North American winter. Fresh forecasts signaled colder-than-usual weather at the start of November before sharper winter chills take place from the second half of the month in key regions of the United States, lifting demand expectations for gas-intensive heating. The outlook challenged persistent evidence of strong supply, with the latest data showing that October should end with an average production of 104.1 billion cubic feet per day, surpassing July’s record of 103.1 billion cubic feet per day. In the meantime, the latest figures from the EIA showed that US utilities added 74 billion cubic feet of gas into storage on the week until October 20th, below market expectations of an 80 billion cubic feet build, but sharply above the five-year average.

Natural Gas Approaches 9-Month High

European natural gas futures were around €51 per megawatt-hour after touching an over eight-month highs of €54 per megawatt-hour on Monday, and are on track to end the October month around 21% higher. Prices have been on the rise in October due to concerns about the impact of the war in the Middle East although high inventories and unseasonably warm weather have tempered the gains. The Egyptian cabinet announced during the weekend that natural gas imports fell to zero from 800 million cubic feet per day. Flows from Egypt to Europe make up a small share, but the war has already caused the closure of the Tamar field in the Mediterranean Sea and there are also concerns about the security of Qatari LNG vessels passing through the Strait of Hormuz. Also, news of a compressor failure at the Norwegian Nyhamna gas processing plant has prompted further supply concerns. However, gas inventories in Europe remain around 99% full and warm weather is expected in the first week of November.

Natural Gas Prices in Europe Up 21% in October

UK natural gas futures jumped to above 130 pence per therm in October, approaching the seven-month high of 137 pence from earlier in the month amid mounting concerns about supply drawbacks. Natural gas imports in Egypt came to a halt after conflict in the Gaza strip drove Israeli authorities to shut down the Tamar gas field, a key source for the North African nation. The standstill of imports contrasted the usual 800 mcf per day of natural gas into Egypt, threatening LNG imports to Europe and magnifying supply concerns from other key sources for the continent. Flows of natural gas from Norway to continental Europe fell by 10 million cubic meters per day at the end of October, increasing buying competition in the UK.  However, price gains have been limited by near-average temperatures and strong winds, which curbed natural gas demand in the power-generating sector.

UK Natural Gas Approaches 7-Month High

The latest data from the EIA showed that US utilities added 74 billion cubic feet of gas into storage on the week until October 20th, below market expectations of an 80 billion cubic feet build, but sharply above the five-year average. Additionally, data from the LSEG showed that average US production averaged 103.9 billion cubic feet so far in October, on track to surpass the record high of 103.1 billion cubic feet from July. Still, the possibility of a stronger winter offset the pressure from higher supply. Meteorologists noted that weather in the lower 48 US states is likely to be significantly colder than expected from the end of October to the start of November, increasing demand for gas-intensive heating.

US Natural Gas Eases

European natural gas futures jumped almost 7% to €54 per megawatt-hour on Monday, the highest level since mid-February, after the Egyptian cabinet announced that natural gas imports fell to zero from 800 million cubic feet per day, raising further concerns about supply disruptions due to the conflict in the Gaza Strip. Flows from Egypt to Europe make up a small share, but the war has already caused the closure of the Tamar field in the Mediterranean Sea and there are also concerns about the security of Qatari LNG vessels passing through the Strait of Hormuz. Natural gas prices in Europe soared about 40% since the war between Israel ad Hamas started. Also, news of a compressor failure at the Norwegian Nyhamna gas processing plant has prompted further supply concerns. However, gas inventories in Europe remain around 99% full, thanks to unseasonably warm weather and robust LNG imports.

Natural Gas Prices in Europe Rise as Egypt Gas Imports Stop

US natural gas futures held October’s gains toward the $3.6/MMBtu mark, approaching levels last seen in January amid evidence of lower inventories and forecasts of higher demand. New data from the EIA showed that US utilities added 74 billion cubic feet of gas into storage on the week until October 20th, above the five-year average, but missing market expectations of an 80 billion cubic feet build. The result coincided with a sharp swing to cold weather in the Pacific Northwest of the United States, raising expectations of a colder winter ahead. Previously, meteorologists noted that weather in the lower 48 US states is likely to be significantly colder than expected from the end of October to the start of November, increasing demand for gas-intensive heating. Capping the rebound, however, data from the LSEG showed that average US production averaged 103.9 billion cubic feet so far in October, on track to surpass the record high of 103.1 billion cubic feet from July.

Natural Gas Approaches Year-to-Date High

US natural gas futures jumped by 8% to above the $3.2/MMBtu mark on Thursday, rebounding from the two-week low of $2.9/MMBtu touched on October 20th amid a smaller-than-expected build and forecasts for colder than expected weather and higher heating demand over the next two weeks. New data from the EIA showed that US utilities added 74 billion cubic feet of gas into storage on the week until October 20th, above the five-year average, but missing market expectations of an 80 billion cubic feet build. Adding to the rebound, meteorologists noted that weather in the lower 48 US states is likely to be significantly colder than expected from the end of October to the start of November, increasing demand for gas-intensive heating. Capping the rebound, however, data from the LSEG showed that average US production averaged 103.9 billion cubic feet so far in October, on track to surpass the record high of 103.1 billion cubic feet from July.

US Natural Gas Rises by 8%

US natural gas futures rose above the $3/MMBtu mark, rebounding from the two-week low of $2.9/MMBtu touched on October 20th amid fresh reports of lower inventories and forecasts of robust demand. New data from the EIA showed that US utilities added 74 billion cubic feet of gas into storage on the week until October 20th, above the five-year average, but missing market expectations of an 80 billion cubic feet build. Adding to the rebound, meteorologists noted that weather in the lower 48 US states is likely to be significantly colder than expected from the end of October to the start of November, increasing demand for gas-intensive heating. Capping the rebound, however, data from the LSEG showed that average US production averaged 103.9 billion cubic feet so far in October, on track to surpass the record high of 103.1 billion cubic feet from July.

US Natural Gas Rebounds Following EIA Storage Report

US natural gas futures traded around $3.0/MMBtu, pressured by record output and mild weather. Natural gas production rose to 103.6 bcfd so far in October, surpassing a record high of 103.1 bcfd in July. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. Meanwhile, US LNG facilities' gas flow reached 13.5 bcfd in October, with the return of Cove Point. Looking ahead, forecasts for mild weather through early November are expected to keep heating and cooling demands lower.

US Natgas Prices at $3/MMBtu

US natural gas futures traded below $3.0/MMBtu, the lowest in three weeks pressured by record output and mild weather. Natural gas production rose to 103.6 bcfd so far in October, surpassing a record high of 103.1 bcfd in July. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. Meanwhile, US LNG facilities' gas flow reached 13.5 bcfd in October, with the return of Cove Point. Looking ahead, forecasts for mild weather through early November are expected to keep heating and cooling demands lower.

US Natural Gas Futures Hover at 3-Week Low

European natural gas futures dropped more than 4% to €49 per megawatt-hour due to mild weather forecasts and ample gas supplies. Europe's weather is expected to stay mild until early November, and gas demand is lower than usual. Furthermore, storage sites in Germany, France, and Italy are about 98% full. In corporate news, Eni SpA from Italy signed a 27-year agreement to purchase liquefied natural gas from a Qatar-based project. This follows a similar deal made by Shell Plc for LNG deliveries to the Netherlands. Despite the recent drop, natural gas prices in Europe are still approximately up 30% since the Israeli-Hamams conflict began on October 7 on worries about its possible escalation and potential Iranian involvement.

European Natural Gas Futures Fall on Mild Weather

US natural gas futures fell more than 8% to below $3.0/MMBtu this week, the lowest in over two weeks pressured by record output, mild weather and data showing a bigger-than-expected storage build last week. The latest EIA report showed US utilities added 97 billion cubic feet (bcf) of gas into storage last week, more than market expectations of an 80 bcf increase. Also, natural gas production rose to 103.6 bcfd so far in October, surpassing a record high of 103.1 bcfd in July. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. Meanwhile, US LNG facilities' gas flow reached 13.5 bcfd in October, with the return of Cove Point. Looking ahead, forecasts for mild weather through early November are expected to keep heating and cooling demands lower.

US Natgas Prices Set for 8% Weekly Loss

UK natural gas futuresrose past 125 pence a therm, and are up more than 30% since the Israeli-Hamams conflict started on October 7. There are broader concerns related to the conflict's possible escalation and potential Iranian involvement, which could pose security risks for Qatari liquefied natural gas (LNG) vessels transiting through the Strait of Hormuz. So far, Israel shut down a major gas field, which could affect liquefied natural gas exports from Egypt, although Egypt's gas supply to Europe is not a substantial portion of the market. However, price gains have been limited by near-average temperatures and strong winds which curbed demand in the power sector. Elsewhere, an Australian union alliance approved pay and condition agreements for Chevron's two LNG facilities in Australia, resolving a standoff that had workers considering renewed strikes.

UK Natural Gas Futures Rise on Israeli-Hamas Conflict

European natural gas futures rose to €51 per megawatt-hour, and are up more than 30% since the Israeli-Hamams conflict started on October 7. There are broader concerns related to the conflict's possible escalation and potential Iranian involvement, which could pose security risks for Qatari liquefied natural gas (LNG) vessels transiting through the Strait of Hormuz. So far, Israel shut down a major gas field, which could affect liquefied natural gas exports from Egypt, although Egypt's gas supply to Europe is not a substantial portion of the market. However, price gains have been limited by ample natural gas supplies, mild weather forecasts, and the avoidance of potential strikes at Australia's Chevron. Temperatures in parts of Europe, including France and Germany, are expected to return to normal or even rise above average in the coming days after a period of unseasonably cold weather. European storage sites are about 98% full, including in Germany, France and Italy.

European Natural Gas Futures Rise on Middle-East Conflict

US natural gas futures extended losses to over 2% to below $3.0/MMBtu, the lowest in two weeks pressured by record output, mild weather and data showing a bigger-than-expected storage build last week. The latest EIA report showed US utilities added 97 billion cubic feet (bcf) of gas into storage last week, more than market expectations of an 80 bcf increase. Also, natural gas production rose to 103.6 bcfd so far in October, surpassing a record high of 103.1 bcfd in July. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. Meanwhile, US LNG facilities' gas flow reached 13.5 bcfd in October, with the return of Cove Point. Looking ahead, forecasts for mild weather through early November are expected to keep heating and cooling demands lower.

US Natgas Prices Fall Further after EIA Data

US natural gas futures extended losses toward $3.0/MMBtu, the lowest in two weeks due to record output and forecasts for mild weather through early November, lowering heating and cooling demands. Natural gas production rose to 103.6 bcfd so far in October, surpassing a record high of 103.1 bcfd in July. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. Meanwhile, US LNG facilities' gas flow reached 13.5 bcfd in October, with the return of Cove Point.

US Natgas Prices Ease to 2-Week Low

European natural gas prices experienced significant volatility, with TTF futures declining by more than 5% to approximately €48 per megawatt-hour, after two consecutive sessions of gains. Concerns about gas supply stemming from the Israel-Palestine conflict, weather forecasts, and high gas inventories have been influencing the natural gas market. This volatility is expected to persist due to tight global gas supplies. Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. On a positive note, temperatures in parts of Europe, including France and Germany, are expected to return to normal or even rise above average in the coming days after a period of unseasonably cold weather. Meanwhile, an Australian union alliance approved pay and condition agreements for Chevron's two LNG facilities in Australia, resolving a standoff that had workers considering renewed strikes.

European Natural Gas Prices Seen Volatile

UK natural gas futures traded around 125 pence a therm, after a nearly 50% gain in the previous week, as traders balance weather forecasts and the Middle East conflict. Temperatures in the UK are expected to return back to average in the next few days following the current cold spell. Also, international efforts to contain the Israel-Hamas conflict, along with improved gas supplies from Norway have eased concerns about supply disruptions. Meanwhile, an Australian union alliance approved pay and condition agreements for Chevron's two LNG facilities in Australia, resolving a standoff that had workers considering renewed strikes.

UK Natural Gas Futures Hover at 125GBp/Thm

European natural gas futures surged over 5% to above €51 per megawatt-hour, mainly driven by persistent concerns about gas supply due to the Israel-Palestine conflict, overshadowing milder weather forecasts and high gas inventories. Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. On a positive note, temperatures in parts of Europe, including France and Germany, are expected to return to normal or even rise above average in the coming days after a period of unseasonably cold weather. Meanwhile, an Australian union alliance approved pay and condition agreements for Chevron's two LNG facilities in Australia, resolving a standoff that had workers considering renewed strikes.

European Natural Gas Futures Up by Over 5%

Natural gas futures in Europe tumbled more than 10% to below €49 per megawatt-hour, after soaring 41% to an eight-month high of €56 per megawatt-hour last week, amid milder weather forecasts while high inventories and ample LNG flows eased supply concerns. Temperatures in some parts of the continent including France and Germany are expected to return to normal or above-average in the coming days, following the current cold spell. Also, international efforts to contain the Israel-Hamas conflict, along with improved gas supplies from Norway have eased concerns about supply disruptions. Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. Meanwhile, strikes at Chevron's LNG facilities in Australia are likely to resume this week.

European Natural Gas Prices Halt Last Week Rally

US natural gas futures fell more than 5% to below an over 1-week low of $3.1/MMBtu, extending an over 2% loss in the previosu week, due to increased production, reduced exports to Mexico, and forecasts of mild late October weather lowering heating and cooling demands. Natural gas production rose to 103.4 bcfd so far in October, surpassing a record high of 103.1 bcfd in July. At the same time, exports to Mexico have been falling from September’s record, although there are expectations of an increase when New Fortress Energy's plant starts exporting liquefied natural gas. Meanwhile, US LNG facilities' gas flow reached 13.4 bcfd in October, with the return of Cove Point.

US Natgas Prices Fall to Over 1-Week Low

Natural gas decreased 5% to 3.0743 USD/MMBtu

UK natural gas futures fell to below 130 pence a therm, after a nearly 50% gain in the previous week, as traders balance weather forecasts and the Middle East conflict. Temperatures in the UK are expected to return back to average in the next few days following the current cold spell. Also, international efforts to contain the Israel-Hamas conflict, along with improved gas supplies from Norway have eased concerns about supply disruptions. However, potential strikes by liquefied natural gas workers in Australia at Chevron Corp.'s facilities pose a supply threat.

UK Natural Gas Futures Pause Last Week Rally

Natural gas futures in Europe edged slightly lower to €52 per megawatt-hour after soaring 41% to an eight-week high of €56 per megawatt-hour last week, as temperatures in some parts of the continent including France and Germany are expected to return to normal or above-average in the coming days. However, supply concerns persist as traders weigh the Israel-Hamas conflict and the impact it could have on the energy market. Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. Meanwhile, strikes at Chevron's LNG facilities in Australia are likely to resume this week while a Baltic pipeline leak investigation raised winter infrastructure security worries, leading to its temporary closure.

European Natural Gas Prices Ease Slightly

US natural gas futures fell to around $3.2/MMBtu, the lowest in a week, due to increased production, reduced exports to Mexico, and forecasts of mild late October weather lowering heating and cooling demands. Natural gas production reached a record 103.1 bcfd in October, while exports to Mexico dropped to 6.9 bcfd. Meanwhile, US LNG facilities' gas flow reached 13.1 bcfd in October, with the return of Cove Point. Looking ahead, US gas demand, including exports, is expected to rise from 94.3 bcfd to 95.6 bcfd next week, slightly lower than LSEG's previous forecast due to milder weather expectations. For the week, US natural gas prices are down more than 3%.

US Natgas Hits 1-Week Low

UK natural gas futures jumped nearly 50% to 139 pence a therm in the second week of October, the highest in eight months as cooler weather forecasts boosted demand, while supply concerns were heightened due to geopolitical risks and labor strikes at LNG facilities in Australia. The UK is bracing for a significant temperature drop as the weekend approaches, with daytime temperatures expected to be as much as 10 degrees Celsius lower than earlier this week in southern England. Central and northern regions may experience their first overnight frosts of the season. On the supply side, Israel closed a gas field due to safety concerns and a pipeline leak investigation in the Baltic raised winter security concerns. Also, negotiations between Chevron and unions regarding a pay and conditions deal at its Australian LNG facilities showed some progress on Friday but did not reach a final agreement.

UK Natural Gas Futures Soar 50% This Week

Natural gas futures in Europe soared more than 40% this week to above €54 per megawatt-hour, the highest in eight months due to mounting worries over supply amid the conflict between Israel and Palestine, strikes at LNG in Australia and cooler temperatures. Negotiations between Chevron and unions regarding a pay and conditions deal at its Australian LNG facilities showed some progress on Friday but did not reach a final agreement. Meanwhile, Israel has shut down a major gas field due to safety concerns amid ongoing conflicts, which could affect liquefied natural gas exports from Egypt. Additionally, a Baltic pipeline leak investigation raised winter infrastructure security worries, leading to its temporary closure. Furthermore, anticipated colder temperatures are expected to increase demand for natural gas for heating purposes.

Natural Gas Futures in Europe Jump 40% on the Week

US natural gas futures eased losses to trade around $3.35/MMBtu on Thursday, after the EIA report showed a smaller-than-expected storage build. US utilities added 84 billion cubic feet (bcf) of gas into storage last week, less than market expectations of an 88 bcf billion increase. Still, natural gas prices are below an over 8-month high of nearly $3.5 hit earlier in the week due to revised weather forecasts indicating milder conditions and reduced demand for the next two weeks. US gas demand, including exports, is expected to rise from 94.5 bcfd this week to 95.8 bcfd next week, below LSEG's outlook on Tuesday. Also, natural gas output has increased slightly, going from 102.6 bcfd in September to 102.8 bcfd in October. Meanwhile, natural gas exports to Mexico are rising, with expectations of further growth when New Fortress Energy's plant starts exporting liquefied natural gas (LNG). Additionally, Cove Point is expected to resume production soon.

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