US natural gas futures extended losses to below $2.3/MMBtu, the lowest since September 2020 as forecasts pointed to near-normal temperatures through March 3, except for some cold days. Natural gas prices declined almost 10% last week, and are down more than 45% since the beginning of the year, as mild weather kept heating demand weak and stockpiles above usual levels. The latest EIA data showed US stockpiles were at 2.266 bcf as of February 10, 328 bcf higher than last year and 183 bcf above the five-year average. Meanwhile, the amount of gas flowing to US LNG export plants rose to a 10-month high due to a rapid increase in flows to Freeport LNG's export plant as the facility prepared to exit an 8-month outage caused by a fire in June 2022. Historically, Natural gas reached an all time high of 15.78 in December of 2005.

Natural gas - 2023 Data - 1990-2022 Historical - 2024 Forecast - Price - Quote - Chart

Loading...