Natural Gas Futures Slammed as Charts Point Lower - EUROPE SAYS

EU Gas prices steady – ING

European natural Gas prices steadied after last week’s decline, as supply concerns eased with improved Norwegian flows. However, firm price support may still be needed to secure LNG ahead of next winter, Société Générale's FX analysts note.

Natural Gas Futures Slammed as Charts Point Lower - EUROPE SAYS

Henry Hub gains offered some support to natural gas futures, but technical charts suggest the path of least resistance remains lower, with the prompt-month

Natural Gas Price Drops by 7% - Action Forex

As the XNG/USD chart shows today, natural gas is trading around $3.333/MMBtu, although yesterday morning the price was approximately 7% higher. According to Reuters, the decline in gas prices is driven by: → Record-high production levels. LSEG reported that average gas output in the Lower 48 rose to 107.2 billion cubic feet per day so […] The post Natural Gas Price Drops by 7% appeared first on Action Forex.

Natural Gas Price Drops by 7%

As the XNG/USD chart shows today, natural gas is trading around $3.333/MMBtu, although yesterday morning the price was approximately 7% higher.According to Reuters, the decline in gas prices is driven by:→ Record-high production levels. LSEG reported that average gas output in the Lower 48 rose to 107.2 billion cubic feet per day so far in July, surpassing the previous monthly record of 106.4 billion cubic feet per day set in June.→ Favourable w…

How Low Can Natural Gas Prices Go?

I did this research using AI when I asked the question: Can natural gas producers afford to extract gas if price is below 4? Whether natural gas producers can afford to extract gas below $4/MMBtu depends on: Breakeven Price: Most dry gas wells need $2.70-$3.20/MMBtu to be profitable. Some areas, like parts of the Marcellus Shale, can be profitable below $2/MMBtu. NGLs (Natural Gas Liquids): Wells producing wet gas with NGLs have lower breakeven…