November Nymex natural gas (NGX25) on Tuesday closed up by +0.141 (+4.20%). Nov nat-gas prices settled sharply higher on Tuesday as US weather forecasts cooled for mid-October, which could boost heating demand for nat-gas.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted cooler in the East and West Coast for October 12-16, and cooler for the Northeast and West Coast for October 17-21. More News from Barchart Higher US nat-gas production is a bearish factor for prices.  On Tuesday, the EIA ...

November Nymex natural gas (NGX25) on Friday closed down by -0.118 (-3.43%). Nov nat-gas prices added to Thursday's losses on Friday and settled lower.  Forecasts for warm mid-October US weather, which will curb heating demand for nat-gas are weighing on prices.  Forecaster Atmospheric G2 said Friday that forecasts shifted warmer across the middle of the US for October 8-12, and projections turned hotter across most of the country for October 13-17. More News from Barchart On Thursday, nat-gas prices ...

November Nymex natural gas (NGX25) on Tuesday closed up +0.036 (+1.10%). Nov nat-gas prices rallied to a 2.25-month nearest-futures high on Tuesday and settled higher on the outlook for colder US weather next month to boost heating demand for nat-gas.  According to forecaster Atmospheric G2, forecasts have shifted cooler in the West for October 6-10, and a general cooler risk is expected across most of the US for later in the October 10-14 period. More News from Barchart Higher US nat-gas production has ...

Core Insights - Natural gas prices in the US have recently increased, reaching a one-week high due to forecasts of above-average temperatures leading to higher demand for electricity [1] - US natural gas production is at a near-record high, with the EIA raising its 2025 production forecast by 0.2% [2] - The number of active natural gas drilling rigs has slightly decreased, but remains higher than the previous year's low [6] Production and Demand - US dry gas production was reported at 108 billion cubic feet per day (bcf/day), reflecting a year-over-year increase of 6.4% [3] - Lower-48 state gas demand was recorded at 69.8 bcf/day, up 4.4% year-over-year [3] - Estimated LNG net flows to US export terminals reached 15.8 bcf/day, marking a week-over-week increase of 10.3% [3] Electricity Output - US electricity output for the week ending September 20 rose by 2.3% year-over-year to 85,663 GWh, supporting natural gas prices [4] - Over the past 52 weeks, electricity output increased by 2.85% year-over-year to 4,267,164 GWh [4] Inventory and Storage - Natural gas inventories rose by 75 bcf for the week ending September 19, slightly above market consensus but below the 5-year average [5] - As of September 19, inventories were up 0.5% year-over-year and 6.1% above the 5-year seasonal average, indicating sufficient supply [5] - European gas storage was reported to be 82% full, compared to a 5-year average of 89% for this time of year [5] Rig Count - The number of active US natural gas drilling rigs decreased by one to 117 rigs, remaining below the 2-year high of 124 rigs [6] - The current rig count has increased from a 4.5-year low of 94 rigs reported in September 2024 [6]

Core Insights - Natural gas prices have shown a slight increase, closing up by 1.61% on October Nymex [1] - The weekly storage report indicated a rise in natural gas inventories, which was in line with market expectations, but cooler weather forecasts are expected to reduce demand [2][6] Production and Demand - US natural gas production is at a near-record high, with the EIA raising its 2025 production forecast by 0.2% to 106.63 billion cubic feet per day (bcf/day) [3] - As of Thursday, US dry gas production was reported at 107.7 bcf/day, reflecting a year-over-year increase of 6.1% [4] - Lower-48 state gas demand was recorded at 73.2 bcf/day, up 0.8% year-over-year [4] Storage and Supply - The EIA reported a weekly increase of 75 billion cubic feet (bcf) in natural gas inventories, slightly above the consensus forecast but below the five-year average [6] - As of September 19, natural gas inventories were up 0.5% year-over-year and 6.1% above the five-year seasonal average, indicating sufficient supply [6] - European gas storage was reported to be 82% full, compared to the five-year average of 89% for this time of year [6] Rig Count and Production Capacity - The number of active US natural gas drilling rigs remained unchanged at 118, slightly below the two-year high of 124 [7] - The rig count has increased from a four-and-a-half-year low of 94 rigs reported in September 2024 [7] Electricity Generation - US electricity output increased by 2.3% year-over-year to 85,663 GWh for the week ending September 20, supporting natural gas prices [5] - Over the past 52 weeks, electricity output rose by 2.85% year-over-year to 4,267,164 GWh [5]

October Nymex natural gas (NGV25) on Tuesday closed up +0.047 (+1.67%). Oct nat-gas prices recovered from a 4-week low on Tuesday and moved higher after forecasts for hotter US temperatures sparked short covering in nat-gas futures.  Forecaster Atmospheric G2 said Tuesday that forecasts shifted warmer across the central and northern US for September 28-October 2, which could boost nat-gas demand from electricity providers to power increased air conditioning usage.   More News from Barchart Nat-gas pric ...

October Nymex natural gas (NGV25) on Friday closed down -0.051 (-1.74%). Oct nat-gas prices on Friday added to Thursday's sharp losses and dropped to a 3-week low.   Nat-gas prices fell Friday on negative carryover from Thursday when the EIA reported that nat-gas inventories rose +90 bcf in the week ended September 12, above expectations of +81 bcf and well above the five-year average for this time of year of +74 bcf.  That brings current US nat-gas inventories to +6.3% above their 5-year seasonal average ...

October Nymex natural gas (NGV25) on Thursday closed down -0.161 (-5.19%). Oct nat-gas prices sold off sharply on Thursday due to a larger-than-expected build in weekly EIA nat-gas inventories.  The EIA reported Thursday that nat-gas inventories rose +90 bcf in the week ended September 12, above expectations of +81 bcf and well above the five-year average for this time of year of +74 bcf. More News from Barchart Losses in nat-gas prices accelerated Thursday on cooler weather forecasts for late Septembe ...

October Nymex natural gas (NGV25) on Wednesday closed down -0.003 (-0.10%). Oct nat-gas prices fell from a 1-week high on Wednesday and settled slightly lower on expectations for a larger-than-average build in weekly EIA nat-gas inventories.  The consensus is that Thursday's weekly nat-gas inventories will rise rose by +81 bcf for the week ended September 12, above the five-year average of +74 bcf. More News from Barchart Nat-gas prices initially rose to a 1-week high on Wednesday on forecasts for late ...

Core Insights - Natural gas prices have declined to a one-week low due to a higher-than-expected increase in weekly stockpiles, with inventories rising by 71 billion cubic feet (bcf) for the week ending September 5, surpassing expectations of 68 bcf and the five-year average of 56 bcf [1][6] Production and Demand - US natural gas production is at a near-record high, with the EIA raising its 2025 production forecast by 0.2% to 106.63 bcf/day from the previous estimate of 106.40 bcf/day [3] - As of Thursday, US (lower-48) dry gas production was reported at 107.3 bcf/day, reflecting a year-over-year increase of 7.0% [4] - Lower-48 state gas demand was recorded at 71.7 bcf/day, showing a slight decline of 1.2% year-over-year [4] Weather Impact - Forecasts indicate warmer weather in the US, which is expected to increase natural gas demand from electricity providers due to higher air conditioning usage [2] - The Edison Electric Institute reported a year-over-year increase in US electricity output of 1.03% to 83,003 GWh for the week ending September 6, and a 2.97% increase to 4,264,559 GWh over the past 52 weeks [5] Inventory Levels - As of September 5, natural gas inventories were down 1.3% year-over-year but were 6.0% above the five-year seasonal average, indicating sufficient supply levels [6] - European gas storage was reported to be 80% full as of September 9, compared to the five-year seasonal average of 86% for this time of year [6]