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U.S. natural gas futures edged up about 1% on Monday after giving back earlier gains of over 8%. Traders cited expectations that Freeport LNG will delay its Texas restart from November to December, along with colder forecasts for late November.
A delayed Freeport restart reduces LNG export demand and keeps domestic gas supply loose, while colder weather lifts heating demand; the net effect is volatile US gas pricing that feeds into energy and fertilizer costs.
reuters.comNov 14, 2022After 93 past logistics events, Natural Gas moved a median -3.6% over 5 sessions (39% higher; middle half -10.7% to +4.7%), and -0.3% over 20.
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.
