EUR/USD 1.17071
-0.916%
Gold 5392.52
2.455%
Oil 72.310
7.644%
USD/JPY 157.316
0.733%
GBP/USD 1.33977
-0.588%
GBP/JPY 210.773
0.142%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian Armed Forces: Russian oil terminal and naval base in Novorossiysk attacked. Initial reports indicate that oil tankers at the terminal and radar stations of the S-400 air defense system have been confirmed damaged.European natural gas prices surged by as much as 50% intraday after Qatars liquefied natural gas production was disrupted.On March 2, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Iranian Foreign Minister Araqchi at the latters request. Araqchi briefed Wang on the latest situation in the region, stating that the United States launched a second war against Iran during the US-Iran negotiations. While the negotiations have made positive progress, the US actions violate all international law and cross Irans red lines. Iran has no choice but to defend itself with all its might. China has publicly expressed its position of fairness and justice and hopes to continue playing a positive role in preventing the escalation of regional tensions. Wang Yi reiterated Chinas principled position on the current situation in Iran, stating that China cherishes the traditional friendship between China and Iran, supports Iran in safeguarding its sovereignty, security, territorial integrity, and national dignity, and supports Iran in protecting its legitimate rights and interests. Wang Yi stated that China has urged the United States and Israel to immediately cease military operations to avoid further escalation of tensions and prevent the war from spreading to the entire Middle East. He expressed confidence that Iran, under the current severe and complex situation, can maintain national and social stability, pay attention to the legitimate concerns of neighboring countries, and safeguard the safety of Chinese citizens and institutions in Iran. Araqchi stated that Iran is willing to do everything possible to ensure the safety of Chinese personnel and institutions.Bank of England Monetary Policy Committee member Taylor: The UK faces the risk of falling into a demand-scarce situation. Tightening policies have been putting pressure on the country for the past year.Bank of England Monetary Policy Committee member Taylor: Energy shocks come faster than the central bank can react.

Daily Fundamental Natural Gas Price Forecast - EIA Report Anticipated to Show 82 Bcf Withdrawal

Daniel Rogers

Dec 02, 2022 15:40

 216.png

 

Natural gas futures are inching up on Thursday, just before the government's weekly storage report is released at 15:30 GMT.

 

Yesterday marked the fourth session in a row in which the market closed lower, as mixed weather forecasts continued to weigh on investor sentiment. Also in charge were sellers, as Freeport LNG continued to provide no indication of when the processing plant would resume operations.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

In addition, the U.S. House of Representatives decided to prevent a nationwide train strike. A few of the weaker speculators, who had wagered that the strike would raise demand, liquidated their long holdings in response to this news.

 

At 11:53 GMT, natural gas futures for January are trading at $7.042, up $0.112 or 1.62 percent. Wednesday's closing price for the United States Natural Gas Fund ETF (UNG) was $21.23, down $0.91, or -4.11%.

 

According to NatGasWeather for December 1-7, "stronger national demand today through Friday in the aftermath of a frigid weather system that swept through the United States with lows in the 0s to 20s in the north and high 20s to 40s in the south, including 30s in deep Texas and the South."

 

Despite fresh cold injections into the Northwest and Northern Plains with rain, snow, and lows in the 0s to 30s, a milder pattern will return to the southern and eastern U.S. this weekend through early next week, with highs in the 50s to 70s for lighter national demand.

Suggestion