HeadlinesBriefing favicon HeadlinesBriefing.com

Natural Gas Falls on Mild U.S. Weather Forecasts

Wall Street Journal Markets •
×

Natural gas futures slipped 1.3% to $3.065 per mm Btu as weather forecasts point to milder temperatures across the eastern half of the U.S. over the next two weeks. The NOAA's Climate Prediction Center expects near-normal temperatures, reducing heating demand for natural gas. According to Nat Gas Weather.com, much of the long-range weather data maintains a relatively bearish pattern.

The expected 'Super El Niño' this winter may keep conditions mild but wet across much of the country, further dampening demand. With less need for heating, power generation from natural gas is expected to remain subdued, pressuring prices lower in the near term. The bearish outlook underscores how weather-driven factors continue to influence energy markets amid seasonal transitions. ([email protected]).