Investing.com-bs warned about short-term risks of defects in US prices due to mild weather forecasts for February, but for the second half of the year it increased its prices on the rise of exports of furnished natural gas and stimulus of supplies.
Winter weather cooler than average in the United States has encouraged the demand of natural gas to the highest level from the end of 2022, raising prices. The freezing disrupted the supply, while the exclusion of the export terminal of the FreePort LNG folded volatility. UBS is now expecting natural gas supplies to end the withdrawal season in March at 1.7-1.8 trillion of cubic meters, just below the five-year average.
Despite the potential for price pressure in the coming weeks, UBS has revised its prices in September and December more by $ 0.20 at one million British thermal units, expecting new export terminals, including Plaquemines and Corpus Christi Stage 3, along with Mexican objects LNG -and. UBS projects supplies at about 3.7 TCF by the end of October, which is less than the previous forecast of 3.9 TCF.
Although UBS in the long run remains constructive in natural gas prices, high rolling costs and short -term risks for now keep the bank aside, without any recommendations of investment.
