Natural Gas Sep '26 (NGU26)
Natural Gas Futures Market News and Commentary
August Nymex natural gas (NGQ26) on Monday closed down -0.104 (-3.62%).
Nat-gas prices sank to a 2.5-month nearest-futures low on Monday and settled sharply lower.  The outlook for cooler US weather, which diminishes the need for air conditioning, is weighing on nat-gas prices. The Commodity Weather Group said on Monday that forecasts call for normal to below-normal temperatures across the central and eastern US for August 1-5. Â
A bearish factor for nat-gas prices in the medium term is speculation that a powerful El Niño weather system will bring warmer-than-normal temperatures to the Northern Hemisphere this fall and winter, reducing nat-gas heating demand.Â
US (lower-48) dry gas production on Monday was 113.1 bcf/day (+3.7% y/y), according to BNEF. Lower-48 state gas demand on Monday was 81.4 bcf/day (+2.7% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Monday were 18.1 bcf/day (+2.4% w/w), according to BNEF.
Projections... Read more
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