Note

Natural Gas market movers: Surplus just got smaller

setleme
· Views 40



  • The overall Gas supply just got smaller with Chesapeake reducing its output production for 2024. It is set to reduce nearly 20% of its total output for 2024 already.
  • LNG is flowing above average with more than 17% inflow on top of the normal 30-day average. 
  • The bullet point above shows that Europe is busy refilling and restocking its Gas stores with its eye on the next heating season. 
  • Several benchmark futures are soaring with that active buying taking place in the Natural Gas futures markets. 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related