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Natural gas down 6 cents

Posted on: October 26, 2017

An article published by the EIA highlighted the longer term global demand fundamentals of natural gas: global consumption is expected to grow from 340-Bcf/d in 2015 to 485-Bcf/d by 2040 with a quarter of the increase coming from China. Of course, this is speculative and would be contingent on the degree of both alternative energy source innovation and adoption; natural gas does act as a clean resource substitute for coal during the transition period.

The Central US may start to see some cooler than average temperatures as soon as next week driven by Typhoon Lan and the cool air movement along the Pacific Ocean. NG settled 6 cents lower to $2.92.

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