No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Dollar Weakness Spurs Short Covering in Nat-Gas Futures

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 2 mins read
A A
Dollar Weakness Spurs Short Covering in Nat-Gas Futures
Share on FacebookShare on TwitterShare on LInkedIn


September Nymex natural gas (NGU25) on Tuesday closed up +0.021 (+0.78%).

Sep nat-gas prices on Tuesday settled higher as a weaker dollar spurred some mild short covering in nat-gas futures.

Natural gas prices have been under pressure over the past 2.5 months and dropped to a 9.5-month nearest-futures low on Monday on forecasts for cooler late-summer weather.  Forecaster Vaisala on Monday said lower-than-normal temperatures will blanket the US from North Carolina to Northern California for September 4-8, which will reduce demand for nat-gas to run air conditioning.

Ramped-up US nat-gas production is another bearish factor for prices.  On August 12, the EIA raised its forecast for 2025 US nat-gas production by +0.5% to 106.44 bcf/day from July’s estimate of 105.9 bcf/day.  The EIA raised its forecast for 2026 US nat-gas production by +0.7% to 106.09 from July’s 105.4 bcf/day forecast.  US nat-gas production is currently near a record high, with active US nat-gas rigs recently posting a 2-year high.

US (lower-48) dry gas production on Tuesday was 107.3 bcf/day (+4.5% y/y), according to BNEF.  Lower-48 state gas demand on Tuesday was 73.9 bcf/day (-10.7% y/y), according to BNEF.  Estimated LNG net flows to US LNG export terminals on Tuesday were 14.9 bcf/day (+8.2% w/w), according to BNEF.

As a supportive factor for gas prices, the Edison Electric Institute reported last Wednesday that US (lower-48) electricity output in the week ended August 16 rose +7.1% y/y to 99,160 GWh (gigawatt hours), and US electricity output in the 52-week period ending August 16 rose +2.7% y/y to 4,264,139 GWh.

Last Thursday’s weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended August 15 rose +13 bcf, below the consensus of +18 bcf and well below the 5-year weekly average of +35 bcf.  As of August 15, nat-gas inventories were down -3.0% y/y, but were +5.8% above their 5-year seasonal average, signaling adequate nat-gas supplies.  As of August 24, gas storage in Europe was 76% full, compared to the 5-year seasonal average of 84% full for this time of year.

Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending August 22 was unchanged at 122 rigs, just below the 2-year high of 124 rigs posted on August 1.  In the past year, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024.

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com



Source link

Tags: coveringdollarFuturesnatgasshortspursweakness
ShareTweetShare
Previous Post

Kohl’s Clearance: Save up to 85% off!

Next Post

Taxpayers Need the BLS to Stay Out of Politics

Related Posts

edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

by TheAdviserMagazine
October 24, 2025
0

Harmony Gold Mining has completed the acquisition of MAC Copper, the proprietor of the high-grade CSA copper mine in New...

edit post
Trump shutting down trade talks with Canada could give Beijing another advantage

Trump shutting down trade talks with Canada could give Beijing another advantage

by TheAdviserMagazine
October 24, 2025
0

President Trump has terminated trade talks with Canada over an anti-tariffs ad featuring Ronald Reagan. If Canada’s Prime Minister Mark...

edit post
Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV

Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV

by TheAdviserMagazine
October 24, 2025
0

After six consecutive sessions of solid gains, the Nifty paused for breath on Friday, slipping below the 26,000 mark. While...

edit post
What to know about Ireland’s election as the country votes for a new president

What to know about Ireland’s election as the country votes for a new president

by TheAdviserMagazine
October 24, 2025
0

Voters in Ireland are going to the polls Friday to elect one of two women as their new president for...

edit post
Tomatoes Rs 600 per kg, capsicum Rs 300: Pakistanis are paying a heavy price after conflict with Afghanistan

Tomatoes Rs 600 per kg, capsicum Rs 300: Pakistanis are paying a heavy price after conflict with Afghanistan

by TheAdviserMagazine
October 24, 2025
0

Prices of essential goods have sharply increased in both Pakistan and Afghanistan after border closures disrupted cross-border trade between the...

edit post
Goldman aims for ‘PE returns’ with new ETF

Goldman aims for ‘PE returns’ with new ETF

by TheAdviserMagazine
October 23, 2025
0

Goldman Sachs Asset Management is teaming up with MSCI Inc. to launch an exchange-traded fund that aims to deliver returns...

Next Post
edit post
Taxpayers Need the BLS to Stay Out of Politics

Taxpayers Need the BLS to Stay Out of Politics

edit post
Want to Retire Early? 4 Questions to Ask Yourself

Want to Retire Early? 4 Questions to Ask Yourself

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Claiming Girlfriend or Boyfriend as a Dependent on Taxes

Claiming Girlfriend or Boyfriend as a Dependent on Taxes

0
edit post
Avihai Stolero, Themis buy mineral water co Mey Eden

Avihai Stolero, Themis buy mineral water co Mey Eden

0
edit post
EconLog Price Theory: Pricing Plumbing

EconLog Price Theory: Pricing Plumbing

0
edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

0
edit post
China’s Baidu to test robotaxis in Switzerland in race for Europe

China’s Baidu to test robotaxis in Switzerland in race for Europe

0
edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

0
edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

October 24, 2025
edit post
How Men and Women Perceive Fairness in the Workplace As Parents

How Men and Women Perceive Fairness in the Workplace As Parents

October 24, 2025
edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

October 24, 2025
edit post
The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

October 24, 2025
edit post
EconLog Price Theory: Pricing Plumbing

EconLog Price Theory: Pricing Plumbing

October 24, 2025
edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Harmony Gold Mining completes MAC Copper acquisition
  • How Men and Women Perceive Fairness in the Workplace As Parents
  • U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.