Natural gas prices were steady this week, with October holding just above the $3 mark after briefly breaking higher early on. A 55 Bcf storage build matched expectations but outpaced both last year and the five-year average, helping inventories stay on track toward roughly 3.9 Tcf before winter. Domestic production eased slightly from record highs, while power generation demand slid to two-month lows amid mild weather. LNG exports remain a bright spot, continuing to run well ahead of last year. Overall, the market is range-bound for now, with late-season weather patterns likely to dictate whether balances tighten or loosen further heading into fall.
