Oil Is Climbing Again. A Looming Natural Gas Shortage Could Hit US Consumers Even Harder.
Natural gas futures jumped 5.2% as money managers covered bearish bets and higher LNG export flows tightened domestic supply, CFTC data showed.
- US natural gas futures rose 5.2% to $2.801 per million Btu on Monday, marking the largest intraday price increase in more than two months as weather forecasts shifted dramatically.
- Hedge funds, which held the largest net-short position on Henry Hub contracts since 2020, were forced to close positions as prices increased, according to Commodity Futures Trading Commission data.
- Hotter weather boosted electricity demand as consumers increased air-conditioner use, while flows to LNG export terminals on the US Gulf Coast jumped to the highest level in over a month.
- Eli Rubin, senior energy analyst at EBW Analytics Group, noted that short-covering events can raise futures by nearly $1, citing a 288,000-contract event from spring 2024.
- The Energy Information Administration projects US LNG export capacity will reach 27.7 billion cubic feet per day by 2030, while residential electricity prices are forecast to rise 5% in 2026.
12 Articles
12 Articles
Oil Is Climbing Again. A Looming Natural Gas Shortage Could Hit US Consumers Even Harder.
Gas prices at the pump are painful enough, but a quieter threat moving through pipelines could force Washington into a far uglier choice between powering AI data centers, fueling LNG exports, and keeping household electricity bills from spiraling.
US Natural Gas Surges as Hotter Outlooks Trigger Short-Covering
US natural gas futures closed higher, earlier rising by the most in more than two months, as an unusually large swing in weather forecasts triggered a wave of short-covering among money managers who were the most bearish on gas since 2020.
Natural gas futures in the United States registered their biggest rise in more than two months, driven by a drastic and unexpected change in weather forecasts that triggered the closing of short positions among fund managers. Natural gas futures delivered in September rose to 5.2% – the largest intraday increase since May 28th – to $2,801 per million BTUs. This remains well below the prices observed in recent weeks, as national reserves remain w…
How will the US Grid Handle the Cuts to Wind, increased Nat Gas, and can it be maintained? - Energy News Beat
We had Doomberg ready, and the system was overwhelmed, so we rescheduled for tomorrow. How will the US Grid Handle the Cuts to Wind, increased Nat Gas, and can it be maintained? Tomorrow we have the CEO of Jackery Power Solutions and Doomberg stopping by the podcast for two different interviews. We will be covering the home market with Steven Wang from Jackery, and Doomberg’s article tomorrow is a huge discussion about how Russia, Ukraine, and …
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