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Rystad Energy reports US storage injections rebounded to 107 Bcf in the last week of October, well above the prior year. Forecasts point to below-normal temperatures across most regions except the Pacific, and gas demand is expected to rise as heating needs grow.
Expected heating demand and renewed LNG exports from the restarting Freeport facility could tighten the US gas balance, supporting prices into winter.
ajot.comAJOTNov 8, 2022After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), 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.
