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Tuesday, 06/13/2023 2:22:03 PM

Tuesday, June 13, 2023 2:22:03 PM

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US natural gas futures rose above $2.3/MMBtu, extending a 3.8% gain in the previous week boosted by higher demand and lower supply. An anticipated heatwave from June 21-28 is likely to boost demand for gas to produce power for air conditioning. Additionally, the domestic output is falling from May's record level of 102.5 bcfd. On the other hand, gas flowing to U.S. LNG export plants dropped to a five-month low due to maintenance at several facilities, including Cheniere Energy Inc's LNG.A Sabine Pass in Louisiana.

https://tradingeconomics.com/commodity/natural-gas

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