Natural Gas Prices Rise Due to Increased US LNG Export Prospects
Natural gas prices rose to a two-week high as prospects for stronger US LNG exports grew, driven by the closure of the Strait of Hormuz limiting Middle Eastern gas supplies. However, warmer weather and higher storage levels limited the price increase. The EIA expects a significant rise in weekly gas inventories, which could put downward pressure on prices.
Topics: EIA_data Hormuz_closure natural_gas US_LNG_exports weather_impact