US natural gas rises to $2.92 as heat limits storage injections

  • US natural gas prices rose after EIA data showed reduced weekly storage injections.
  • Energy firms added 44 bcf during the week ended September 11.
  • Inventories were 3.6% below last year but 3.7% above the five-year average.

US natural gas prices rose to $2.92 per million British thermal units after EIA data showed that high temperatures and strong air-conditioning demand reduced storage injections. Energy firms added 44 billion cubic feet during the week ended September 11, compared with 87 bcf a year earlier and a five-year average of 74 bcf. Total inventories reached 3.298 trillion cubic feet, about 3.6% below last year’s level but 3.7% above the five-year average. Forecasts showed warmer-than-normal conditions could continue through October 2, supporting demand from power generators. Average flows to the nine major US LNG (liquefied natural gas) export facilities were expected to decline to a three-week low of 17.5 bcfd, mainly because of maintenance at Cameron LNG in Louisiana. Lower 48 production averaged 113.1 bcfd in September, exceeding August’s record monthly average of 112.2 bcfd.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。