Natural Gas Jan '26 (NGF26)
Natural Gas Futures Market News and Commentary
October Nymex natural gas (NGV26) on Tuesday closed down -0.031 (-1.06%).
Nat-gas prices settled lower on Tuesday as US weather forecasts turned cooler, potentially reducing nat-gas demand from electricity providers to power air-conditioning. According to forecaster Vaisala, temperatures are expected to fall below normal in the Northeast at the beginning of this weekend.
Losses in nat-gas prices were limited on Tuesday due to carryover support from a rally in European nat-gas prices. Fears that the closure of the Strait of Hormuz will be prolonged due to escalation of the US-Iran war pushed European nat-gas prices to a 3.5-year high on Tuesday. Europe receives about 10% of its nat-gas supplies through the strait from Qatar.
US (lower-48) dry gas production on Tuesday was 114.0 bcf/day (+5.5% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 79.7 bcf/day (+14.7% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Tuesd... Read more
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