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US natural gas futures rose about 4% to a five-month high on November 20 on colder forecasts and record feedgas to LNG plants. Lower 48 output eased to 100.7 bcfd in November from 101.3 bcfd in October.
Gains also cut the oil-to-gas ratio to its lowest since January.
Colder weather and LNG demand are pulling gas prices higher, which raises costs for nitrogen fertilizer and energy. The rising gas price could also shift drilling toward gas.
energynow.comNov 1, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
