Natural gas futures advanced Wednesday as hotter September forecasts and optimism over LNG exports pushed the prompt month toward $3/MMBtu, though strong production provided a counterweight. The move came as traders continued to balance late-summer weather demand against abundant supply, a familiar tug-of-war as the market heads deeper into shoulder season.

Here’s the latest:

October gained 6.5 cents.

Cash prices were mixed, while Waha topped $2, according to ICE.

Related Tags

Entropic Analytics

Feedgas Demand

Henry Hub

Iran War

NYMEX

Natural Gas Prices

Waha

Jodi Shafto

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based in Charleston, Shafto has covered U.S. energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.

Natural Gas Futures Slide as New Permian Capacity Weighs

Natural gas futures fell around midday Tuesday as new Permian Basin takeaway capacity weighed on a market already looking toward softer shoulder-season demand. Waha cash, however, strengthened as additional egress continued to ease West Texas takeaway constraints.

Natural Gas Futures Find Footing as Power Burn, LNG Stay Strong

Natural gas futures advanced around midday Monday after reversing an early sell-off, while physical prices were mixed. Strong power burn, LNG feedgas and another round of late-summer heat offered support even with Lower 48 production remaining elevated.

Natural Gas Futures Slip as Shoulder Season Looms

Natural gas futures remained lower around midday Friday as traders weighed the approaching shoulder-season decline in demand against strong LNG feedgas and hotter regional changes to the weather outlook. Physical prices, meanwhile, were mixed.

Natural Gas Futures Advance; California Supply Squeeze Jolts Midday Cash Above $8

Natural gas futures pulled back from earlier highs around midday Thursday but remained supported by a lean storage build, including another hefty South Central salt withdrawal and stronger LNG feedgas.

Hotter Forecasts, Supply Drop Fire Up Natural Gas Futures

Natural gas futures climbed sharply at midday Wednesday as warmer weather outlooks, lower production and stronger LNG feedgas demand provided support on the September contract’s penultimate session in the lead.

Shoulder Season Chill Hits Natural Gas Futures Despite Near-Term Hotter Forecast

Natural gas futures remained under pressure late Tuesday morning after the September contract briefly slipped below $2.700/MMBtu, with fading power-sector demand and comfortable fall inventory expectations outweighing a somewhat hotter extended weather forecast.