Natural Gas:
The storage facilities data in the United States increased by 44B cubic feet vs the estimate of 39B has put some demand concerns previous week.
However, The temperatures in the US this summer remain high with several heatwaves boosting demand for air conditioners.
Additionally, The Freeport LNG has recently agreed with regulators to partially restart operations in October at its shuttered export plant in Texas and said it began to pull in tiny amounts of natural gas from pipelines.
The resumption of flows will likely to withdraw more natural gas from storage and boost exports.
Technically, Natural GAS is positive above 701 for the targets of 725
The storage facilities data in the United States increased by 44B cubic feet vs the estimate of 39B has put some demand concerns previous week.
However, The temperatures in the US this summer remain high with several heatwaves boosting demand for air conditioners.
Additionally, The Freeport LNG has recently agreed with regulators to partially restart operations in October at its shuttered export plant in Texas and said it began to pull in tiny amounts of natural gas from pipelines.
The resumption of flows will likely to withdraw more natural gas from storage and boost exports.
Technically, Natural GAS is positive above 701 for the targets of 725