Updated Aug 22, 2024
8/22/24
North American natural gas prices have gathered some momentum for the first time in many months amid tighter supply balances.
The New York Mercantile Exchange contract for September was trading at around $2.200/MMBtu on Thursday afternoon after the U.S. government announced that storage supplies in the country actually shrunk last week. This is rare during the summer months.
U.S. production of around 100 Bcf/d is also about 3 Bcf/d lower than summer highs.
Christopher joined NGI as a Senior Editor for Mexico and Latin America in November 2018. Prior to that, he was a Senior Editorial Manager at BNamericas in Santiago, Chile. Based out of Santiago, he has covered Latin American energy markets since 2009 as a reporter, editor and analyst. He has an MA in International Economic Policy from Columbia University and a BA in International Studies from Trinity College.
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