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Natural Gas Market Talk | 07.05.2024

More price weakness as major heat fails to materialize for early July

Futures pricing continues to push lower surrounding the Independence Day holiday, as near-term temperature forecasts are not currently living up to the very hot July outlooks. Production volumes are back above 100 Bcf per day, but storage inventories continue are still losing ground to historical benchmarks. Meanwhile, Corpus Christi LNG could see feedgas volumes at risk as Hurricane Beryl makes landfall in South Texas this weekend.

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