April 22 2024 Market Update

Welcome to another week.

Natural Gas futures were up today because the fall in demand (i.e. warmer seasonal weather forecast) was offset by a combination of a fall in production and an increase in LNG feed gas demand. May futures traded almost up to $1.80 US/mm.

The rest of summer strip (June to October) is $2.395 US/mm and the winter strip is $3.43 US/mm. [WFG]

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