News

Natural Gas Futures Struggle Under Weight of Strong Production, Robust Supplies - Natural Gas Intelligence

Natural Gas Intelligence · last updated

Natural Gas Futures Struggle Under Weight of Strong Production, Robust Supplies - Natural Gas Intelligence

Natural gas futures faltered after the government’s latest inventory report showed continued plump supplies in underground storage. The print overshadowed forecasts for intense heat through the rest of July and pushed the prompt month lower for a second straight day.

At A Glance:

- Strong July weather demand
- LNG volumes remain muted
- Production, storage elevated

After shedding 9.9 cents the prior session, the August Nymex gas futures contract on Thursday fell 8.7 cents day/day and settled at $2.545/MMBtu. September dipped 6.3 cents to $2.534.

Cash prices were mixed by region, with NGI’s Spot Gas National Avg. up 1.0 cent to $2.420.

Utilities injected 49 Bcf of natural gas into storage for the week ended July 7, the U.S. Energy Information Administration (EIA) reported...

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up