financetom
Business
financetom
/
Business
/
Natural Gas Rises as Cold Weather Continues to Boost Heating Demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Natural Gas Rises as Cold Weather Continues to Boost Heating Demand
Jan 10, 2025 6:55 AM

09:29 AM EST, 01/10/2025 (MT Newswires) -- Natural gas prices rose early on Friday as cold weather for most states boosts heating demand for the fuel.

Gas for February delivery was last seen up US$0.23 to US$3.93 per million British thermal units.

The rise comes as much of the United States is seeing colder than seasonal weather, while longer-term forecasts see temperatures remaining at or below seasonal averages over the next two weeks for nearly all states.

"It's been quite cold over many regions of the US this week, and it will be quite cold for many regions of the US again next week. This will keep national demand strong to very strong," NatGasWeather noted.

Demand figures from S&P Global Platts supplied by the U.S. Natural Gas Association showed the call on gas supplies rose to 159-billion cubic feet per day on Thursday, up from 136.6-bcf a week earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
White Mountains Insurance Group Names Liam Caffrey CEO, Board Member
White Mountains Insurance Group Names Liam Caffrey CEO, Board Member
Sep 2, 2025
08:54 AM EDT, 09/02/2025 (MT Newswires) -- White Mountains Insurance Group ( WTM ) said Tuesday that it has appointed Chief Financial Officer Liam Caffrey the company's chief executive officer as of Jan. 1. Caffrey, who will also become a member of its board of directors, will succeed Chief Executive Manning Rountree, who is retiring at the end of the...
Market Chatter: US Regulators Scale Down Bank Exams as Trump Policies Shift Focus From Non-Core Issues
Market Chatter: US Regulators Scale Down Bank Exams as Trump Policies Shift Focus From Non-Core Issues
Sep 2, 2025
08:51 AM EDT, 09/02/2025 (MT Newswires) -- US regulators have postponed, scaled back or cancelled certain bank exams and the use of confidential disciplinary notices, reducing the focus on non-core banking issues like reputational risk, climate change risks, diversity and inclusion, Reuters said Tuesday, citing industry executives. The Office of the Comptroller of the Currency, the Federal Reserve, and the...
PepsiCo Urged by Activist Investor Elliott Management to Revamp Beverage, Foods Businesses; Improve Accountability
PepsiCo Urged by Activist Investor Elliott Management to Revamp Beverage, Foods Businesses; Improve Accountability
Sep 2, 2025
08:51 AM EDT, 09/02/2025 (MT Newswires) -- PepsiCo ( PEP ) was urged by activist investor Elliott Investment Management in an open letter Tuesday to revamp both its beverages and foods businesses to bolster its share price. Elliot, which has amassed a $4 billion stake in the company, said in an open letter accompanying a presentation to PepsiCo's ( PEP...
Blackstone's Strategic Partners Closes $5.5 Billion for Infrastructure Secondaries Fund
Blackstone's Strategic Partners Closes $5.5 Billion for Infrastructure Secondaries Fund
Sep 2, 2025
08:51 AM EDT, 09/02/2025 (MT Newswires) -- Blackstone's (BX) funds business Strategic Partners said Tuesday it closed $5.5 billion for its infrastructure secondaries fund. The company said the fund will target opportunities across the growing infrastructure secondaries market. Shares of Blackstone were down more than 2% in recent Tuesday premarket activity. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved