US Gas Slides as Bearish Weather Outlook Signals Muted Demand
An LNG powered ship at the Bayport Container Terminal at the port of Houston in Seabrook, Texas.
Photographer: Callaghan O'Hare/BloombergUS natural gas futures settled at the lowest in more than two weeks as forecasts for mild weather through late October indicated tepid demand for the heating fuel, with ample domestic stockpiles also weighing on the market.
Gas flows to US LNG terminals ramped up to near record highs, however, providing some support for prices.