Natural gas companies fall on cooler forecasts and lower heating demand – 11/27/2024 at 7:16 p.m.

Natural gas companies fall on cooler forecasts and lower heating demand – 11/27/2024 at 7:16 p.m.
Natural gas companies fall on cooler forecasts and lower heating demand – 11/27/2024 at 7:16 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

November 27 – **Stocks of natural gas companies are down, as natural gas futures fall about 6.6% NGA/

**US natural gas NGc1 prices fell 6.6% to $3.24 per million British thermal units, due to increased production and forecasts of cooler weather and lower than expected heating demand over the next two weeks

** However, in the spot market, several references reached their highest level since January in Louisiana, New York, Chicago and Pennsylvania, due to the arrival of winter weather

**The largest U.S. natural gas producer, Expand Energy EXE.O, fell ~0.6%

** Other producers such as Range Resources RRC.N lose ~2.1%, EQT Corp EQT.N lose 1.4% and CNX Resources CNX.N lose 0.7%

** ETFs – United States Natural Gas Fund UNG.P falls 7.3% and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 14.5%

** Meanwhile, federal regulators have given Cheniere Energy LNG.N permission to introduce natural gas into its Corpus Christi expansion project

** Shares of companies processing liquid natural gas like New Fortress Energy NFE.O rose 3.9%, Energy Transfer ET.N gained 2.2%, and Sempra SRE.N rose 1.5%

Belgium

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