Natural gas futures retreated this week after briefly pushing above $3.10 before a bearish 90-Bcf storage build sent prices lower, with October now trading around $2.90. Inventories are nearly in line with last year and over 200 Bcf above the five-year average, raising the possibility of end-of-season storage nearing 4 Tcf if mild conditions persist into October. Fundamentals were mixed—generation demand ticked higher but remains well below 2024 levels, domestic production stayed flat near 107 Bcf per day, and LNG exports climbed back near record highs.
Listen to this episode with a 7-day free trial
Subscribe to The Energy Buyer's Guide to listen to this post and get 7 days of free access to the full post archives.
