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Bearish Storage Build, Weak Demand Weigh on Market as Natural Gas Futures Crater

Natural Gas Intelligence · last updated

Amid mild shoulder season weather and a dip in LNG feed gas deliveries, market participants pulled the price of natural gas futures lower at midweek, convinced that despite trailing production, supply would continue to grow.

Graph and two charts showing Natural Gas Intelligence's (NGI) natural gas storage snapshot including market consensus estimates for inventory.

At A Glance:

  • Futures crumble
  • LNG demand sinks
  • Production restrained