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‘Stronger Opportunities on Buying Side,’ but Natural Gas Futures Must Break Above $3

Natural Gas Intelligence · last updated

With the calendar flipping to a new month, optimism for a natural gas futures recovery waned as seasonal pressures looked set to overshadow technical chart support.

Chart comparing U.S. Lower 48 natural gas production with NGI’s Daily Henry Hub price, NGI’s Daily National Average price, and Nymex prompt month futures from January to September 2025. Production remains near 100 Bcf/d, while prices trend mostly between $1.50-3.50/MMBtu, with a sharp price spike in late January. Data sourced from NGI’s Daily Gas Price Index, NGI calculations, Wood Mackenzie, and Bloomberg.

At A Glance:

  • October futures fall after holiday weekend
  • Upside limited unless prices breach $3.00
  • Hurricane, production pose demand risks