BUZZ-Natgas firms fall as forecast for less colder weather keeps demand low

Reuters
2024-12-17
BUZZ-Natgas firms fall as forecast for less colder weather keeps demand low

** Shares of natural gas companies down, as natgas futures slip 2% to a near one-week low NGA/

** U.S. natgas prices NGc1 down 2% at $3.23 per million British thermal units (mmBtu), as weather forecasts suggested less cold conditions in the coming weeks, which is expected to lower heating demand

** LNG firms - NextDecade NEXT.O down 1.1%, CNX Resources CNX.N down 2.1%, EQT Corp EQT.N down 1% and New Fortress Energy NFE.O down 6.8%

** ETFs - United States Natural Gas Fund UNG.P down 1.3% and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 3.8%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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