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Mild May Weather Knocks Natural Gas Futures Down Toward Cash Levels

Natural Gas Intelligence · last updated

June Nymex natural gas futures slid for a fourth session Monday, undercut by weak weather demand alongside steady production expected to drive triple-digit weekly storage builds through the end of the month.

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

At A Glance:

  • Weather data maintains cooler trends
  • NGI models 119 Bcf injection
  • LNG terminals draw 15.3 Bcf/d Monday

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