Ideas
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
13 December 2022 | Other

Natural gas in the USA grows, as the cold weather increases the demand

Natural gas

The cost of futures for natural gas in the US grew by more than 10% and reached a weekly peak on Monday. It happened amid the forecasts about unusually cold weather and increased need for heating in the upcoming two weeks. 

According to Robert DiDona from Energy Ventures Analysis, Friday’s weather patterns show an increased number of heating degree days. Later, this made the balance between supply and demand tighter. This tightening of market conditions tends to push prices up, and it's happening now.

The Refinitiv data souce predicts 504 heating degree days. This measure is applied to assess the needs in heating of households and firms during the upcoming two weeks in 48 states. Previously, the average for this period over 30 years was 409 heating degree days. 


Company MarketCheese

Recommended

US LNG exports fall in May after April record
Today at 6:45 AM
US gas prices decline amid rising inventories and subdued demand
Yesterday at 12:12 PM
United States. CFTC Natural Gas speculative net positions. The value of the indicator has decreased from -113.9K to -129.1K
30 May
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 566 to 563
30 May
Bloomberg expects European natural gas prices to rise amid market tightening
30 May
Top news
Eurozone inflation fell to 1.9% in May
Today at 12:40 PM
OPEC raised oil production in May by 200,000 barrels per day — Bloomberg
Today at 12:31 PM
OECD lowers global GDP growth forecast due to impact of Trump's trade policy on US economy
Today at 11:50 AM
Robert Kiyosaki forecasts silver prices to triple by 2025
Today at 11:16 AM
Deutsche Bank raises S&P 500 year-end 2025 target from 6,150 to 6,550
Today at 10:30 AM
All news

Forecasts

Tesla Inc buy
Period: 16.06.2025 Expectation: 7300 pips
Buying Tesla shares with target at 400 amid upcoming robotaxi launch
Technical analysis TA Other FA Other Indicators Fundamental analysis
Today at 11:34 AM 26
Emily_Foster
AUDUSD sell
Period: 06.06.2025 Expectation: 500 pips
AUDUSD failed to overcome resistance level of 0.65 again
FA Other Chart analysis Hot news
Today at 10:12 AM 23
AntonVolkov
BTCUSD sell
Period: 06.06.2025 Expectation: 90000 pips
Bitcoin weakens as appeal of safe havens increases
Indicators Fundamental analysis
Today at 08:36 AM 24
Konstantin_Bersenev
Gold sell
Period: 09.06.2025 Expectation: 11200 pips
Gold could decline to 3,200 as market adapts to trade risks and correction
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 11:22 AM 115
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva
Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Silver buy
Period: 06.06.2025 Expectation: 300 pips
Silver to retest upper boundary of sideways trend at 33.7
FA Other Chart analysis Indicators
Yesterday at 10:01 AM 52
AntonVolkov
Brent sell
Period: 27.06.2025 Expectation: 120 pips
Selling Brent until its price reaches $63 per barrel
FA Other Chart analysis
Yesterday at 08:58 AM 42
Bruce_Powers
Go to forecasts