Natural Gas Mini Aug '26 (QGQ26)
Natural Gas Mini Futures Market News and Commentary
July Nymex natural gas (NGN26) on Wednesday closed up +0.074 (+2.35%).
Nat-gas prices moved higher on Wednesday as US weather forecasts shifted to hotter, potentially boosting nat-gas demand from electricity providers to power air-conditioning. The Commodity Weather Group on Wednesday said forecasts shifted hotter with above-average temperatures expected across the mid-Atlantic and upper Midwest through July 3.
The outlook for a smaller-than-average build in weekly US gas storage levels was also supportive of prices on Wednesday. The consensus is that Thursday’s weekly EIA nat-gas inventories will increase by +67 bcf for the week ended June 19, below the five-year average for the week of +75 bcf.Â
US (lower-48) dry gas production on Wednesday was 111.1 bcf/day (+3.5% y/y), according to BNEF. Lower-48 state gas demand on Wednesday was 72.3 bcf/day (-13.7% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Wednesday were 19.0 bcf/day (-... Read more
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