U.S. natural gas futures are showing a downward trend on Monday, reversing earlier gains that were driven by expectations of increased demand due to anticipated colder weather at the end of February. This shift in the market stems from a lack of new buying interest and the resilience of short sellers.
Mid-February Weather Shift and Demand Projections
The weather forecast for mid-February points to a potential shift towards colder conditions, particularly from February 14-18, which could lead to moderate-to-high national demand for natural gas. Market attention is focused on the movement of polar air around February 15-22, as its path could greatly affect demand, particularly if it brings colder temperatures to the northern U.S.
Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.
