EUR/USD 1.14690
0.149%
Gold 4657.12
-3.346%
Oil 97.138
-1.744%
USD/JPY 159.060
-0.497%
GBP/USD 1.32742
0.134%
GBP/JPY 211.145
-0.303%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Alibaba (09988.HK): Over the next five years, our goal is to bring the total external revenue of our cloud intelligence and artificial intelligence businesses to over US$100 billion.March 19th – The 71st meeting of the APEC Energy Working Group was successfully held in Nanchang, Jiangxi Province, from March 18th to 19th. The meeting focused on the theme of the 2026 APEC China Year, "Building an Asia-Pacific Community for Common Prosperity," and proposed the energy theme of "Building an Inclusive, Innovative, and Collaborative Asia-Pacific Energy Community." Representatives from various economies conducted in-depth discussions on the implementation of existing initiatives and the design of outcomes for the 2026 APEC China Year, focusing on three priority areas: "High-Quality Universal Energy Services," "Artificial Intelligence + Energy," and "Asia-Pacific Energy Collaborative Governance." They exchanged views frankly and laid the groundwork for reaching consensus on energy-related outcomes for the 2026 APEC China Year.On March 19, the Shenzhen Municipal Peoples Government and China Southern Power Grid Co., Ltd. signed a framework agreement in Shenzhen to comprehensively deepen their strategic cooperation during the 15th Five-Year Plan period. According to the agreement, both parties will adhere to the principles of "forward-looking planning, innovation-driven development, pioneering demonstration, mutual promotion, and common development," jointly promoting long-term strategic cooperation in areas such as energy transition, power grid construction, business environment, science and industry integration, international exchange and cooperation, and reform demonstration, and successfully completing major power supply tasks such as the APEC meeting.On March 19th, TrendForce reported that two major semiconductor foundries, TSMC and Samsung Electronics, have raised prices for their main advanced AI chip manufacturing processes, 5nm and 4nm. TSMCs 5nm/4nm, 3nm, and 2nm node capacities will continue to be fully utilized, and prices for these processes have been increased across the board. Samsungs 5nm/4nm order volume has also increased significantly, leading to a price increase notice to customers in Q4 2025.The European Parliament will vote on the US-EU trade agreement next week.

Daily Fundamental Natural Gas Price Forecast - EIA Report Anticipated to Show 82 Bcf Withdrawal

Daniel Rogers

Dec 02, 2022 15:40

 216.png

 

Natural gas futures are inching up on Thursday, just before the government's weekly storage report is released at 15:30 GMT.

 

Yesterday marked the fourth session in a row in which the market closed lower, as mixed weather forecasts continued to weigh on investor sentiment. Also in charge were sellers, as Freeport LNG continued to provide no indication of when the processing plant would resume operations.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

In addition, the U.S. House of Representatives decided to prevent a nationwide train strike. A few of the weaker speculators, who had wagered that the strike would raise demand, liquidated their long holdings in response to this news.

 

At 11:53 GMT, natural gas futures for January are trading at $7.042, up $0.112 or 1.62 percent. Wednesday's closing price for the United States Natural Gas Fund ETF (UNG) was $21.23, down $0.91, or -4.11%.

 

According to NatGasWeather for December 1-7, "stronger national demand today through Friday in the aftermath of a frigid weather system that swept through the United States with lows in the 0s to 20s in the north and high 20s to 40s in the south, including 30s in deep Texas and the South."

 

Despite fresh cold injections into the Northwest and Northern Plains with rain, snow, and lows in the 0s to 30s, a milder pattern will return to the southern and eastern U.S. this weekend through early next week, with highs in the 50s to 70s for lighter national demand.

Suggestion