Natural Gas Stays Lower Despite Bullish Storage Data - The Wall Street Journal
Natural Gas Ends Lower On LNG Slowdown, Mild Weather - WSJ
Updated Sept. 21, 2023 2:42 pm ET
1438 ET – Natural gas prices fall 4.5% to finish at $2.610/mmBtu and have dropped by 8.4% over the past two sessions amid a growing list of bearish indicators. “Selling could have been aided by LNG exports dropping to near 12 Bcf for today on Sabine Pass maintenance, bearish weather patterns the next 15-days, US production remaining strong at 101 Bcf/day, and lingering fallout from the cancellation of maintenance on the NGPL pipeline,” says NatGasWeather.com in a research note. Today’s weekly EIA storage report was actually price supportive as it showed an injection that was much smaller than averages. But analysts say the result had already been priced-in. ( dan.molinski@wsj.com)
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