UPDATE 1-US natgas edges up 1% on drop in daily output, low wind power
Yahoo! Finance
The price increase came despite lower gas flows to liquefied natural gas (LNG) plants due to maintenance, forecasts for milder weather and less demand over the next two weeks than previously expected and a drop in global gas prices. The amount of U.S. power generated by wind so far this week dropped to just 5% of the total versus a recent high of 12% during the week ended May 12, according to federal energy data. When power generators burn more gas to produce electricity to meet rising air con...
Continue Reading