U.S. natgas gains over 2% on rising demand, lower output

Jan 3 (Reuters) – U.S. natural gas futures started the new year up over 2% on Monday on forecasts for more demand this week and a decline in output over the past few days.

That U.S. price increase came despite forecasts for less demand next week than previously expected and a drop in global gas prices from record highs.

In the last quarter of 2021, U.S. gas futures have followed the rise and fall of global prices about two-thirds of the time as utilities around the world scramble to buy liquefied natural gas (LNG) cargoes from the United States and elsewhere […]

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By Donato