Latest news with #summerdemand
Wall Street Journal
a day ago
- Business
- Wall Street Journal
U.S. Natural Gas Futures Rise on Demand Expectations
1528 ET – U.S. natural gas futures end the day and the week higher. Prospects of strong summer demand outweigh this week's large storage build and decline in LNG exports due to maintenance at several terminals. 'To the bullish side is a hotter than normal pattern still forecast for the second half of June and with expectations July will be much hotter than normal as well,' says in a note. 'There's also the expectation the balance will tighten in the coming quarters, aided by additional LNG capacity coming online,' the forecaster adds. Nymex natural gas settles up 2.9% at $3.784/mmBtu, and is up 9.8% from a week ago. ( 0922 ET – U.S. natural gas futures are on track for solid weekly gains with traders looking to summer heat and LNG to lift demand. This week's advance is 'despite mild weather, a bearish EIA report, extended LNG maintenance and higher production readings,' Eli Rubin of EBW Analytics notes. The long-term market narrative is bullish, although increasing near-term storage surpluses may dampen upside potential in the fall, he says. Nymex natural gas is up 0.8% at $3.707/mmBtu. (
CTV News
3 days ago
- Business
- CTV News
Local food bank faces summer demand and donation decline
Local food bank faces summer demand and donation decline As the summer season begins, the Barrie Food Bank reports record-breaking demand for assistance at a time when donations are typically at their lowest.
