RE: Natural gas price28 Apr 2022 11:05
US natural gas futures extended gains past $7 per million British thermal units, rebounding sharply from declines of the previous week, supported by reports of freeze-offs in pipelines in the Rocky Mountains and sustained overseas demand. Natural gas demand from LNG liquefaction terminals strengthened, as maintenance works were seen ending, while in Europe, Gazprom has halted supplies to Poland and Bulgaria, making good of warnings over failure to pay for gas in rubles. Domestically, pipelines in the Rockies suffered freeze-offs earlier this week, disrupting supplies as heating demand remained above the 5-year average. Now, traders await the EIA’s weekly inventory report for the week ended April 22nd, with some analysts suggesting a below-average injection into storage, which should widen the gap between current stocks and the 5-year average, adding further momentum to the rally.
https://tradingeconomics.com/commodity/natural-gas