Commodities
Natural Gas Gains on Strengthening Demand Forecasts and Rising US LNG Flows
Natural gas prices in India have gained traction due to increased demand forecasts and rising flows to US LNG export facilities.
In September, US Lower 48 gas output averaged 113.2 billion cubic feet per day, a new monthly record, while mild weather has kept inventories above the five-year average since March.
Total working gas stocks rose to 3.298 trillion cubic feet, around 3.6% below last year but 3.7% above the five-year average.