US Natural Gas

The EIA reported a 33 Bcf net injection for the week ended July 31, above consensus forecasts of around 30 Bcf. Working gas in storage reached 3,117 Bcf, 195 Bcf above the five-year average. Futures slipped as the print reinforced ample supply despite easing production and firmer LNG feedgas demand. Read →

US natural gas futures edged up slightly in rangebound trading to around $2.688 per MMBtu. Comfortable storage levels more than 6% above the five-year average capped gains despite summer heat supporting power demand. Analysts expect a 31 Bcf build in the upcoming EIA report, extending the inventory surplus. Read →

US LNG exports held roughly flat in July at about 10.26 million tonnes, up slightly from June but below the first-half average. Europe increased its share of US cargoes while overall volumes stayed below peak levels due to maintenance. The data highlights steady but not surging export demand for US gas. Read →

Physical natural gas prices rose in New England and California for Thursday flow while Henry Hub weakened. Traders positioned ahead of the EIA storage report amid regional summer heat. Modest supply-demand improvements supported near-term prices despite broader storage pressure. Read →

Natural gas futures finished mixed Wednesday as daily balances improved modestly but traders focused on Thursday's EIA storage report. Elevated inventories continue to limit upside even as production and demand dynamics show some positive shifts. The market remains rangebound near recent lows. Read →

U.S. LNG exports slipped to 10.48 million metric tons in July from 10.6 million in June per LSEG data. Maintenance at plants including Freeport LNG and seasonally lower output prevented gains despite higher global prices. Europe took the largest share at 4.76 million tons as inventories build for winter. Read →

Nymex natural gas futures traded in a narrow range and settled modestly lower amid strong supplies and forecasts for cooler temperatures that would cut power-sector demand. Power burn near 49.5 Bcf/d and steady LNG exports around 18 Bcf/d provided some support but could not offset the supply backdrop. Read →

NYMEX September natural gas settled up 1.2% at $2.781/MMBtu. Traders cited intensifying Texas heat and stronger power-sector demand into next week. Market remains focused on ample storage and softer summer LNG feedgas. Read →

ONEOK lifted its 2026 net income guidance to $3.41-3.79 billion. Q2 adjusted EBITDA rose 7% to $2.12 billion on 7% higher NGL raw feed throughput, including 15% growth in the Gulf Coast/Permian region. Pipeline operator benefits from Permian oil and gas output plus LNG export demand. Read →

September futures settled modestly higher Monday amid expanding western US heat and last week’s below-expectation storage injection. Abundant supplies and comfortable inventories limited gains. NGI projects next EIA report at +30 Bcf injection for week ended July 31. Read →

Physical natural gas prices rallied Monday for Tuesday flow with sharp gains across the Northeast, Appalachia and East Coast pipelines. Midwest markets strengthened; Texas prices gained from historically strong electricity demand. Gains offset broader market weakness. Read →

EIA reported a 28 Bcf injection for the week ended July 24, below the 35 Bcf consensus. Natural gas futures settled higher Thursday on the surprise. Inventories reached 3,084 Bcf, 6.4% above the five-year average, keeping the winter outlook steady amid robust production. Read →

The EIA reported a 28 Bcf net injection for the week ended July 24, a bullish surprise versus estimates. Salt dome storage saw a steep 14 Bcf draw. The print supported prompt month prices modestly despite comfortable overall inventories. Read →

US LNG export plants loaded 35 cargoes in the week ending July 29, up one from the prior week per EIA data. This maintains solid export demand supporting domestic gas balances. Flows remain a key offset to rising production and storage levels. Read →

Futures fell about 2% amid higher Lower 48 output near record levels and LNG feedgas flows averaging 17.4 bcfd. Ample storage after a near-normal build added pressure. Weather forecasts still called for above-normal heat supporting power burn into late July. Read →

September natural gas futures extended recovery Wednesday after Tuesday's selloff. Persistent heat forecasts and positioning ahead of Thursday's EIA storage report supported buying. Winter strip led gains amid the rebound. Read →

Waha cash prices turned sharply higher this summer after months negative. New pipeline capacity eased Permian egress constraints. Spot prices rebounded substantially with forward curve reflecting confidence. Read →

A drone hit US-owned floating storage tanker Energos Winter at Damietta port Wednesday. Fire spread to Gaslog Salem with no injuries reported. Incident raises risks of wider Middle East conflict impacting energy shipping. Read →

JPMorgan, S&P Global Energy and Wood Mackenzie cut China's LNG demand growth projections for early 2030s by 14-22 million tons. Heightened energy security concerns drive push for self-sufficiency. Imports on track for second straight annual decline to 61-64 million tons. Read →

US LNG exports totaled 502.8 Bcf or 16.2 Bcf/d in May, down 6.5% from April. Exports reached 33 countries with Europe taking 46% share. Total natural gas net exports reached 584.1 Bcf. Read →

US natural gas futures fell to 2.73 USD/MMBtu, their lowest in nearly 12 weeks. Strong Lower-48 output averaging 110.6 bcfd in July and LNG feedgas flows at 17.2 bcfd, down from June amid Freeport maintenance, outweigh above-normal temperatures supporting power burn. Inventories sit 6.4% above the five-year average, pressuring prices lower. Read →

Working gas in storage reached 3,056 Bcf as of July 17 after a 32 Bcf net injection. Stocks were 183 Bcf above the five-year average and 16 Bcf below last year. The build reinforces the seasonal surplus, limiting near-term upward price pressure despite summer demand. Read →

Feedgas deliveries to Freeport LNG fell sharply to about 1 bcfd as major maintenance started on July 10, expected to last into late August. The reduction contributes to softer overall US LNG export demand, adding to downward pressure on domestic gas prices amid already ample supplies. Read →

August NYMEX natural gas futures traded sideways Friday, dipping then rebounding toward $3.00/MMBtu. Traders weighed short-term demand shifts against robust Lower 48 production above 110 Bcf/d and storage inventories 6.4% above the five-year average. The sideways action reflects balanced fundamentals with limited near-term catalysts. Read →

Front-month futures fluctuated early Friday after the EIA's +32 Bcf storage build for the week ending July 17. The market factored in a 6.4% surplus above average, easing LNG feedgas flows due to maintenance, and potential minor Gulf Coast disruptions from former Tropical Storm Bertha. Demand support hinges on sustained August heat and LNG recovery. Read →

Kinder Morgan's Natural Gas Pipeline Co. of America took a Gulf Coast mainline segment out of service, halting 500,000 Dth/d of Haynesville Shale receipts for the second time this month. Local spot prices firmed with TexOk premium over Katy reaching 19.5 cents and the Henry Hub discount narrowing 40 cents. The outage tightens regional supply amid broader market balance. Read →

The EIA reported a 32 Bcf injection into US natural gas storage for the week ended July 17, slightly above historical norms and within poll expectations. Inventories reached 3,056 Bcf, 6.4% above the five-year average. The in-line build left prompt futures largely unchanged as ample supply offsets seasonal heat support. Read →

Kinder Morgan's expanded Gulf Coast Express pipeline filled rapidly after entering service, easing Permian gas oversupply. Executives flagged over $1B in potential final investment decisions for additional egress projects in the second half. The moves strengthen the case for further Permian-to-Gulf Coast pipeline builds. Read →

Natural gas-fired power generation reached its highest weekly level since August in the latest EIA storage week. Widespread heat increased electricity demand and utility pipeline nominations by 1.7 Bcf/d. This supports stronger near-term demand but follows a 41 Bcf storage build the prior week. Read →

EQT raised its full-year production guidance after wells outperformed expectations. The move adds to abundant Lower 48 supplies that have capped prices. The company tracks roughly 20 Bcf/d of potential demand growth. Read →

New Permian takeaway capacity from Gulf Coast Express and Hugh Brinson pipelines pushed Waha spot prices back above $2/MMBtu. Flows are redirecting more supply toward Louisiana markets. Henry Hub cash prices declined as a result. Read →

The Haynesville Shale is adding pipeline connections including to Carthage and Gulf South ahead of new Gulf Coast LNG capacity. Infrastructure investments precede much of the region's liquefaction ramp-up. This positions the basin for higher long-term feedgas demand. Read →

The August NYMEX contract settled at $2.860 after opening at $2.885 and trading down to an intraday low of $2.831 on robust supply and fading cooling demand. The prior week's EIA storage report showed a 41 Bcf injection, leaving working gas at 3,024 Bcf, 6.4% above the five-year average. Read →

Lower-48 gas demand rose to 115.8 Bcf/d as power burn increased 3.1 Bcf/d to 50.6 Bcf/d with stronger cooling loads. Weekly weather-driven demand averaged 113.6 Bcf/d versus 108.1 Bcf/d the prior week. Read →

Energy Intelligence published the daily settlement prices for the benchmark NYMEX Henry Hub futures contract covering July 21 trading activity. Read →

US LNG feedgas nominations recovered from midweek lows as international weather patterns lifted cargo demand. Commissioning setbacks at Golden Pass and temporary pipeline supply shifts into Sabine Pass introduced volatility, while extended Freeport maintenance continues to constrain exports. The rebound supports near-term feedgas but leaves Henry Hub exposed to domestic surplus. Read →

Natural gas power burn rose 11% week-over-week to support utility demand that gained roughly 3 Bcf/d during the EIA storage week ended July 10. Widespread heat lifted cooling-driven consumption even as wind generation ceded share, contributing to a modeled 44 Bcf injection that aligned with the reported 41 Bcf build. Stronger power-sector demand provides the main near-term offset to rising production and storage surplus. Read →

Kinder Morgan’s Natural Gas Pipeline Co. of America brought its Texas-Louisiana Expansion Project to full service, stepping up deliveries into Louisiana and adding supply pressure at Henry Hub. Combined with ongoing LNG outages, the incremental pipeline capacity widened the physical discount and reinforced the bearish tone in prompt prices despite any weather-supported demand gains. Read →

Futures dropped below $2.87 per MMBtu amid ample domestic supply. Production averaged 110.2 Bcf/d in July while Freeport LNG outages reduced export demand. Higher solar and wind generation further cut power-sector burn. Read →

August contract last traded at 2.878 with volume over 5,300 contracts. Prices reflect ongoing supply surplus and limited near-term demand growth. The move keeps the complex in a lower trading range. Read →

U.S. natural gas futures for August delivery fell 6.6 cents or 2.3% to settle at $2.888/MMBtu on Thursday, the lowest close since May 12. The EIA reported a 41 Bcf injection for the week ended July 10, near the 43 Bcf consensus and five-year average of 45 Bcf, lifting storage to 3,024 Bcf or 181 Bcf above the five-year norm. Lower 48 output rose to 110.3 Bcf/d in July while LNG feedgas held at 17.4 Bcf/d amid Freeport LNG maintenance, adding to ample supply pressure. Read →

Working gas in Lower 48 storage totaled 3,024 Bcf as of July 10 after a 41 Bcf net increase from the prior week. Stocks sit 21 Bcf below year-ago levels yet 181 Bcf above the five-year average of 2,843 Bcf. The in-line build narrows the surplus slightly while production eases and LNG feedgas dips due to maintenance. Read →

The EIA print of +41 Bcf landed in the 38-45 Bcf range, ending a streak of bearish surprises. Lower 48 production eased to 108.5 Bcf/d and LNG feedgas slipped to 17.3 Bcf/d with Freeport's multi-train turnaround running into late August, offset partly by Sabine Pass Train 4 returning. Front-month futures hold in a lower range near $2.85/MMBtu after breaking below $3.00. Read →

August natural gas futures resumed a downward trend after the EIA's 41 Bcf build, which was below expectations and the five-year average. The smaller-than-average injection narrows the storage surplus to 181 Bcf but fails to support prices amid ongoing supply and demand dynamics. Read →

Natural gas cash prices fell at most locations on Wednesday due to mixed weather forecasts showing cooling in the Northeast and subdued LNG feedgas demand. Near-normal storage builds are expected as heat eases. Lower physical prices reflect reduced near-term power-burn pull. Read →

August NYMEX futures traded sideways midday Wednesday around $2.91, staying below $3. LNG maintenance reduced feedgas demand while robust production maintained downward pressure. Henry Hub next-day gas averaged $2.795. Read →

Power burn reached year-to-date highs, helping August futures gain slightly on bargain buying and profit-taking after prior weakness. Traders showed little reaction to heat forecasts amid persistent supply overhang. Winter contracts declined as fundamentals stayed loose. Read →

East region storage stood just 1.7% above the five-year average at the start of July, the leanest in the Lower 48, yet a surplus persisted through recent heat waves. Regional demand pulled back as total supply remained ample. Concerns over deficits have faded with cooling forecasts. Read →

August NYMEX natural gas futures struggled midday Tuesday as weather forecasts softened for the second half of July. Robust Lower 48 production and comfortable inventories kept prices in check despite near-term heat supporting power burn. NGI projects a 44 Bcf storage injection for the week ended July 10, near the five-year average. Read →

Physical natural gas prices posted hefty gains Monday amid sweltering heat across much of the Lower 48 boosting cooling demand. Prompt-month futures declined for a fourth straight session on subdued LNG exports and near-record production. Read →

Subdued LNG feedgas and near-record dry gas production pressured US natural gas futures lower on Monday. Power demand stayed elevated from cooling needs but failed to offset the bearish supply signals. NGI forecasts a 44 Bcf storage injection for the week ended July 10. Read →

NGI projects a 44 Bcf injection for the week ended July 10, pushing stocks to 3,027 Bcf. Dry gas production averaged 110.4 Bcf/d while LNG feedgas fell to 18.15 Bcf/d. Henry Hub weekly prices averaged $3.130/MMBtu, down 18.5 cents. Read →

US LNG feedgas fell about 1.5 Bcf/d amid Freeport LNG maintenance trips and Golden Pass flaring. Volatility persists beyond the outage with nominations uncertain. The drop adds bearish pressure on summer natural gas prices. Read →

NYMEX natural gas futures fell 2.9% to $2.854/MMBtu as weather models turned cooler and Freeport LNG maintenance cut exports. Traders search for support amid adequate supply and storage surplus. Power-sector demand starts the week lower in the South. Read →

Unexpected maintenance at Freeport LNG reduced feedgas demand starting July 10. Combined with robust Lower 48 production and the recent storage build, this pushed futures deeper into negative territory. Golden Pass LNG ramp provided minor offset but overall export support weakened. Read →

Feedgas deliveries to Freeport LNG dropped to about 1 Bcf/d on July 10 as the facility started major maintenance expected to last through late August. This outage directly reduces LNG export demand for US gas. NYMEX prices responded with further declines below $3. Read →

Freeport LNG announced the start of major maintenance on its pretreatment and liquefaction units. Data showed sharp drop in gas flows to the Texas terminal. Domestic storage surpluses continued to grow despite heat-driven power demand, adding downward pressure on prices. Read →