XM tidak menyediakan perkhidmatan kepada penduduk Amerika Syarikat.

US natgas prices climb 3% on output decline, higher demand forecasts



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-US natgas prices climb 3% on output decline, higher demand forecasts</title></head><body>

Adds closing prices, analyst quote

By Scott DiSavino

Nov 6 (Reuters) -U.S. natural gas futures climbed about 3% on Wednesday on a drop in daily output so far this month due to pipeline issues and the evacuation of some oil and gas platforms in the Gulf of Mexico ahead of Hurricane Rafael, and on forecasts for slightly cooler weather and higher heating demand next week than previously expected.

Front-month gas futures NGc1 for December delivery on the New York Mercantile Exchange rose 7.7 cents, or 2.9%, to settle at $2.747 per million British thermal units.

Donald Trump was elected U.S. president, capping a remarkable comeback four years after he was voted out of the White House.

"President Trump’s return to the White House will reverberate across the natural gas sector, with predominant impacts on the demand side via lifting the moratorium on new LNG export approvals, and a slower energy transition improving long-term power sector gas demand," analysts at energy consulting firm EBW Analytics said in a note.

"The natural gas supply curve could also shift outward, with an eventual more gas-friendly FERC (U.S. Federal Energy Regulatory Commission) likely to speed gas infrastructure with lesser consideration of environmental impacts," EBW added.

In its latest forecast, theU.S. National Hurricane Center saidRafael would crash acrossCuba later Wednesday as it moves from the Caribbean Sea into the Gulf of Mexico. By Sunday, Rafaelis expected to weaken into a tropical storm in the western Gulf of Mexico.

It is no longer certain whether the storm will reach land along the U.S. Gulf Coast. Earlier, the NHC expected Rafael to hit Texas or Louisiana early next week.

Hurricanes can boost gas prices by cutting output, although only about 2% of the nation's gas comes from the federal offshore Gulf of Mexico area. But hurricanes can also reduce prices by destroying demand for gas through power outages and knocking liquefied natural gas export plants out of service. Some storms do both.

About 7% of U.S. gas production from the Gulf of Mexico was shut in due to Rafael, according to the U.S.Bureau of Safety and Environmental Enforcement.

SUPPLY AND DEMAND

Financial firm LSEG said average gas output in the Lower 48 U.S. states slid to 100.7 billion cubic feet per day (bcfd) so far in November, down from 101.3 bcfd in October. That compared with a record 105.3 bcfd in December 2023.

On a daily basis, output over the past four days was on track to drop by around 2.7 bcfd to a preliminary nine-month low of 98.9 bcfd on Wednesday. Analysts noted that preliminary data is often revised later in the day.

In addition to curtailments for Rafael in the Gulf of Mexico, the daily output decline was also related to a few force majeures and reductions on Kinder Morgan's El Paso pipe in New Mexico over the past couple of days, and maintenance on Kinder Morgan's Permian Highway pipe in Texas.

LSEG forecast average gas demand in the Lower 48, including exports, would rise from 100.9 bcfd this week to 102.4 bcfd next week.

The amount of gas flowing to the seven big U.S. LNG export plants fell to an average of 12.3 bcfd so far in November, down from 13.1 bcfd in October. That compares with a monthly record high of 14.7 bcfd in December 2023.

Week ended Nov 1 Forecast

Week ended Oct 25 Actual

Year ago Nov 1

Five-year average

Nov 1

U.S. weekly natgas storage change (bcf):

+62

+78

+19

+32

U.S. total natgas in storage (bcf):

3,925

3,863

3,775

3,717

U.S. total storage versus 5-year average

5.6%

4.8%

Global Gas Benchmark Futures ($ per mmBtu)

Current Day

Prior Day

This Month Last Year

Prior Year Average 2023

Five-Year Average (2018-2022)

Henry Hub NGc1

2.71

2.67

3.06

2.66

3.60

Title Transfer Facility (TTF) TRNLTTFMc1

12.34

12.93

14.45

13.04

14.39

Japan Korea Marker (JKM) JKMc1

13.54

13.48

17.02

14.39

14.31

LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days

Two-Week Total Forecast

Current Day

Prior Day

Prior Year

10-Year Norm

30-Year Norm

U.S. GFS HDDs

183

164

193

254

267

U.S. GFS CDDs

29

29

18

16

13

U.S. GFS TDDs

212

193

211

270

280

LSEG U.S. Weekly GFS Supply and Demand Forecasts

Prior Week

Current Week

Next Week

This Week Last Year

Five-Year (2019-2023) Average For Month

U.S. Supply (bcfd)

U.S. Lower 48 Dry Production

102.1

100.1

101.0

104.3

98.0

U.S. Imports from Canada

8.2

8.3

7.8

N/A

7.8

U.S. LNG Imports

0.0

0.0

0.0

0.0

0.1

Total U.S. Supply

110.4

109.3

108.8

N/A

105.9

U.S. Demand (bcfd)

U.S. Exports to Canada

2.3

2.4

2.4

N/A

2.9

U.S. Exports to Mexico

5.7

5.5

6.0

N/A

5.5

U.S. LNG Exports

13.3

12.4

13.7

13.8

11.0

U.S. Commercial

7.2

8.0

8.3

8.8

11.5

U.S. Residential

8.7

10.4

10.9

11.8

16.8

U.S. Power Plant

32.0

32.2

31.1

28.7

28.8

U.S. Industrial

22.5

22.7

22.6

22.6

24.3

U.S. Plant Fuel

5.0

5.0

5.0

5.0

5.3

U.S. Pipe Distribution

2.1

2.1

2.1

2.1

3.2

U.S. Vehicle Fuel

0.1

0.1

0.1

0.1

0.1

Total U.S. Consumption

77.6

80.5

80.3

79.1

90.0

Total U.S. Demand

99.0

100.9

102.4

N/A

109.4

N/A is Not Available

U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam

2025 Current Day % of Normal Forecast

2025

Prior Day % of Normal Forecast

2024

% of Normal Actual

2003

% of Normal Actual

2022

% of Normal Actual

Apr-Sep

98

95

74

83

107

Jan-Jul

92

90

76

77

102

Oct-Sep

93

92

77

76

103

U.S. weekly power generation percent by fuel - EIA

Week ended Nov 8

Week ended Nov 1

2023

2022

2021

Wind

14

15

10

11

10

Solar

4

5

4

3

3

Hydro

5

5

6

6

7

Other

2

1

2

2

2

Petroleum

0

0

0

0

0

Natural Gas

42

42

41

38

37

Coal

14

14

17

21

23

Nuclear

19

19

19

19

20

SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)

Hub

Current Day

Prior Day

Henry Hub NG-W-HH-SNL

1.62

1.35

Transco Z6 New York NG-CG-NY-SNL

1.45

1.11

PG&E Citygate NG-CG-PGE-SNL

2.37

1.89

Eastern Gas (old Dominion South) NG-PCN-APP-SNL

1.39

1.09

Chicago Citygate NG-CG-CH-SNL

1.58

1.15

Algonquin Citygate NG-CG-BS-SNL

1.54

1.29

SoCal Citygate NG-SCL-CGT-SNL

2.25

1.49

Waha Hub NG-WAH-WTX-SNL

-1.47

-2.65

AECO NG-ASH-ALB-SNL

0.85

0.55

SNL U.S. Power Next-Day Prices ($ per megawatt-hour)

Hub

Current Day

Prior Day

New England EL-PK-NPMS-SNL

39.75

42.50

PJM West EL-PK-PJMW-SNL

44.00

33.00

Ercot North EL-PK-ERTN-SNL

21.75

31.70

Mid C EL-PK-MIDC-SNL

27.75

29.75

Palo Verde EL-PK-PLVD-SNL

25.25

26.00

SP-15 EL-PK-SP15-SNL

24.25

25.75



Reporting by Scott DiSavino
Editing by Bernadette Baum and Leslie Adler

For gas data on the LSEG terminal type ENERGY in the search bar and then go to the GAS drop down and the NORTH AMERICA drop down.

For Interactive Map, type 'Interactive Map' in the box at upper left of the LSEG terminal

For graphics on Baker Hughes rig counts, see: http://graphics.thomsonreuters.com/15/rigcount/index.html

For next-day SNL U.S. gas prices, see: 0#SNL-NG

For next-day SNL U.S. power prices, see: 0#SNL-PWR

For U.S. natgas price and storage polls, see: NGAS/POLL

For U.S. nuclear power outages, see: NUKE/

For U.S. Northwest hydro power report, see: NWRFC

For U.S./Canada natural gas rig count vs Henry Hub futures price, see: http://tmsnrt.rs/2eT9k44

For the U.S. natural gas speed guide, see: USGAS

For the U.S. power speed guide, see: USPOWER

To determine CFTC managed money net position add (NYMEX Henry Hub options and futures combined 3023651MNET) plus (ICE Henry Hub options and futures combined 3023391MNET divided by four) plus (NYMEX Henry Hub swaps options and futures combined 303565BMNET divided by four) plus (NYMEX Henry Hub penultimate gas swaps 303565CMNET divided by four)

NYMEX Henry Hub options and futures combined 0#3CFTC023651

NYMEX Henry Hub futures only 0#1CFTC023651

ICE Henry Hub options and futures combined 0#3CFTC023391

NYMEX Henry Hub swaps options and futures combined 0#3CFTC03565B

NYMEX Henry Hub Penultimate gas swaps 0#3CFTC03565C
</body></html>

Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.

Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.

Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.

Amaran Risiko: Modal anda dalam risiko. Produk yang berleveraj mungkin tidak sesuai untuk semua individu. Sila pertimbangkan Pendedahan Risiko kami.