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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Fall on Ramped-Up US Production and a Mixed Weather Forecast

December Nymex natural gas (NGZ25) on Wednesday closed down -0.111 (-2.56%).

Dec nat-gas prices settled lower on Wednesday, due to ramped-up US nat-gas production and a mixed weather forecast.  On Tuesday, US nat-gas production rose above 110 bcf/day, up 8.5% y/y and near a record high.  Forecaster Atmospheric G2 said Wednesday that forecasts shifted colder for the East but shifted warmer for the central and western US for November 10-14.  Also, forecasts trended warmer across the southern states for November 15-19, potentially reducing nat-gas heating demand.  

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