Natural Gas Jul '26 (NGN26)
Natural Gas Futures Market News and Commentary
July Nymex natural gas (NGN26) on Wednesday rose +0.045 (+1.43%).
Nat-gas prices recovered from a 1.5-week low on Wednesday and settled higher as short covering emerged following forecasts for hotter US weather later this month.  Forecaster Vaisala on Wednesday said forecasts shifted warmer in the Midwest and above-normal for the eastern US for June 15-19, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage.Â
US (lower-48) dry gas production on Wednesday was 109.1 bcf/day (+1.8% y/y), according to BNEF. Lower-48 state gas demand on Wednesday was 72.6 bcf/day (+6.1% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Wednesday were 18.6 bcf/day (+9.3% w/w), according to BNEF.
The outlook for the Strait of Hormuz to remain closed for the foreseeable future is supportive of nat-gas prices, as the closure has curbed Middle Eastern nat-gas exports, potentially boosting US nat-gas exports t... Read more
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