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U.S. natural gas futures fell about 8% on Jan. 29 as the February contract expired, with the March contract heading toward a nine-month low.
Mild weather, lower demand forecasts and an outage at the Freeport LNG export plant in Texas left more gas domestically as output recovered after the freeze.
Lower gas prices reduce energy and nitrogen fertilizer production costs, while the Freeport outage cuts LNG export demand, which keeps domestic supply loose.
gasprocessingnews.comJan 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.
