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13 stories mentioning NGK6

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Natural Gas Falls On Mild Long-Term Forecasts

Natural Gas prices fell early Tuesday as demand remains light amid mild forecasts.Gas for May delivery was last seen down $0.03 to US$2.52 per million British thermal units, matching a two-year low set on April 24.The drop comes as long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to be cooler than seasonal over its six to 14 day outlook, keeping cooling demand light.Supply remains robust. In its weekly report released on Wednesday, the Energy Information Administration reported inventories ended the prior week at 2.06-trillion cubic feet, 7.1% above the five-year average.

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Natural Gas Rises Off a Two-Year Low Despite Mild Long-term Forecasts

Natural gas prices rose early Monday, rising off a two-year low despite cool long-term forecasts.Gas for May delivery was last seen up $0.08 to US$2.60 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service see most states east of the Rocky Mountains with cooler than seasonal temperatures over its six to 14 day outlook, keeping heating demand light.Still, the price of the fuel is down 13% since the April 1 start of the cooling season as supply remains robust. In its weekly report released on Wednesday, the Energy Information Administration reported inventories ended the prior week at 2.06-trillion cubic feet, 7.1% above the five-year average.

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Natural Gas Falls to Lowest in Nearly Six Years on Mild Forecasts and Rising Inventories

Natural gas traded at the lowest level in nearly six years early Friday on mild forecasts and after a day-prior report showed a larger than expected rise in U.S. inventories last week.Gas for May delivery was last seen down $0.05 to US$2.56 per million British thermal units, the lowest since June, 2020.The drop follows on Thursday's weekly inventory report from the Energy Information Administration. The agency said stocks of the fuel rose by 103-billion cubic feet last week, well above the five-year average for the week and leaving inventories 7.1% above the five-year average."The stock build reinforced concerns about oversupply, driven by mild seasonal weather and soft demand, even as drillers have started curbing activity in response to weaker prices," Saxo Bank noted.Long-term forecasts also offered little support to gas. The National Weather Service's six to 14 day outlook expects states east of the Rocky Mountains to see seasonal or cooler temperatures over the period, keeping cooling demand light.

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Natural Gas Moves Lower as Moderate Weather Cuts Into Cooling Demand

Natural gas futures dipped early Thursday ahead of fresh storage data as long-term forecasts expect little heat to boost cooling demand.Gas for May delivery was last seen down $0.04 to US$2.68 per million British thermal units.Long-term forecasts from the National Weather Service see nearly all states with seasonal or cooler temperatures over its six to 14 day outlook, keeping demand for electricity to power air-conditioning low.The Energy Information Administration will release its weekly survey of inventories of the fuel later on Thursday morning. Celsius Energy expects the agency to report a storage rise of 98-billion cubic, the largest build in stocks for the week in five years.

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Natural Gas Up To a Two-Week High as Cool Long-Term Forecasts Offer Some Heating Demand

Natural gas traded higher early Wednesday as cool long-term forecasts offer the prospect of unseasonal heating demand.Gas for May delivery was last seen up $0.04 to US$2.74 per million British thermal units, the highest since April 7.The rise comes as long-term forecasts from the National Weather Service expect states in the upper Midwest and Northeast to be cooler than seasonal in its eight to 14 day outlook.New York and Chicago are expected to see lows in the 40s Fahrenheit over the period, offering some heating demand for gas in the early days of the cooling season.

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Natural Gas Edges Down on Cool Long-Term Forecasts

Natural gas edged lower early Tuesday as long-term forecasts cool.Gas for May delivery was last seen down $0.01 to US$2.68 per million British thermal units.The price of the fuel has dropped 6.9% over the past month with mild spring temperatures cutting into demand as the market awaits the summer heat that boosts the call on electricity to power air conditioners. Long-term forecasts from the National Weather Service see little prospect for strengthening cooling demand, as its six to 14 day outlook expects most states to see seasonal or cooler temperatures over the period.

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Natural Gas Rises on Cooling Long-Term Forecasts

Natural gas traded higher early Monday as long-term forecasts see cooler weather coming for most states, adding some unseasonal heating demand.Gas for May delivery was last seen up $0.04 to US$2.72 per million British thermal units.The rise comes as long-term forecasts from the National Weather Service see most states between the Rocky Mountains and the Mississippi River with cooler than seasonal temperatures over its six to 10 day outlook while near-term forecasts are also cool, adding some heating demand for the fuel."The weather data trended colder across the Midwest and Northeast going back to last week. This made the pattern not as bearish as national demand increases to seasonal April 25-May 2 and likely aided gains late last week and to open the new trading week," NatGasWeather noted.

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Natural Gas Edges Up Despite Mild Long-Term Forecasts

Natural gas edged higher early Friday despite light demand amid mild spring weather.Gas for May delivery was last seen up $0.01 to US$2.66 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect nearly all states east of the Rocky Mountains to be or below seasonal averages over its eight to 14 day outlook, easing cooling demand.The Energy Information Administration on Thursday released its weekly look at U.S. inventories of the fuel. The agency reported stocks rose by 59-billion cubic feet last week, in line with expectations and leaving inventories at 1.97-trillion cubic feet, 5.8% above the five-year average for the week.

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Natural Gas Edges Higher, But Remains Near an 18-Month Low on Light Spring Demand

Natural gas edged higher early Thursday ahead of fresh storage data, but remains near 18-month lows on light spring demand.Gas for May delivery was last seen up $0.01 to US$2,62 per million British thermal units after touching the lowest since August, 2024, earlier this week.Long-term forecasts from the National Weather Service see most states with seasonal or warmer temperatures over its six to 10 day outlook, limiting cooling and heating demand, while supply remains robust. "US natural gas production hit a new two-week low this week, falling to 102.6 Bcf/d and down 5 Bcf/d from Friday. Despite this pullback, production is still up 4.4% y/y, reflecting a loose balance, which itself led prices to their current, weaker, levels," Christopher Louney, a natural gas and gold strategist at RBC Capital Markets, wrote.The Energy Information Administration will release its weekly look at inventories of the fuel later on Wednesday morning. Celsius Energy is expecting the agency to report stocks rose by 55-billion cubic feet last week, the second-largest rise for the week over the past five years.

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Natural Gas Steady At An 18-Month Low as Mild Temperatures Cut Into Demand

Natural gas was steady at an 18-month low early on Wednesday as mild weather limits demand for the fuel.Gas for May delivery was last seen unchanged at $2.60 per million British thermal units, the lowest since October, 2024.Mild spring temperatures continue to cut into demand for the fuel, keeping inventories robust. The Energy Information Administration last week reported gas stocks were 4.8% above the five-year average. "An exceptionally mild end to winter and a warm start to spring (is) pointing to a growing storage surplus in the weeks ahead," Saxo Bank noted.Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see seasonal or warmer temperatures over its six to 10 day outlook.

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Natural Gas Steady At An 18-Month Low on Light Spring Demand

Natural gas was steady at an 18-month low early Tuesday as spring temperatures cut into demand. Gas for May delivery was last seen unchanged at $2.63 per million British thermal units, the lowest since October 2024.The price of the fuel is down 13% over the past month as mild spring temperatures keep demand light, with little call on supply for heating or cooling.Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see seasonal or warmer temperatures over its six to 10 days, while states west of the mountains will be seasonal or cooler.

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Natural Gas Rises Despite Spring Weather as the Iran War Continues

Natural gas prices rose early Monday, climbing off the lowest since November 2024 despite light spring demand on a broad-based rise in global energy prices following the unsuccessful end to peace talks between the United States and Iran.Gas for May delivery was last seen up $0.05 to US$2.70 per million British thermal units.The rise comes after weekend talks between the U.S. and Iran failed to reach an agreement, as Iran rejected U.S. demands to end its uranium-enrichment program. The lack of a deal keeps the Strait of Hormuz blocked, keeping 20% of daily global LNG supply from Oman off the market, adding some spot demand for U.S. LNG producers.Still, domestic demand remains light amid spring weather. Long-term forecasts from the National Weather Service expects most states to see seasonal or warmer temperatures over its six to 14 day outlook, keeping cooling demand low.

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Natural Gas Edging Up From a 17-Month Low as Mild Weather Lowers Demand

Natural gas edged up from a 17-month low early Friday on weak seasonal demand, mild forecasts and high supply.Gas for May delivery was last seen up $0.01 to US$2.68 per million British thermal units after falling to the lowest since November 2024 a day earlier.The price of the fuel has been pressured as mild spring temperatures cut into demand while supply remains high. Long-term forecasts from the National Weather Service expect most states to see seasonal or warmer temperatures over its six to 14 day outlook."(Natural gas) has remained subdued largely under pressure from seasonal shifts as warmer weather continues to unfold. Demand has moderated given this seasonal shift while supply remains abundant," Christopher Louney, natural gas and gold strategist at RBC Capital Markets wrote in a note to clients.In its weekly survey of inventories of the fuel released Thursday, the Energy Information Administration reported stocks rose by 50-billion cubic feet last week, above expectations for a rise of up to 48-bcf according to NatGasWeather. The rise left inventories at 1.91-trillion cubic feet, 4.8% above the five-year average for the week.

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