December Nymex natural gas (NGZ25) on Friday closed up by +0.111 (+2.48%). Dec nat-gas prices climbed to a 1-week high on Friday and settled sharply higher on forecasts of colder US weather early next month, potentially boosting nat-gas heating demand.  Forecaster Atmospheric G2 said Friday that temperatures shifted colder in the West and Northeast for November 26-30, and moved colder across the middle of the country for December 1-5. More News from Barchart Nat-gas prices on Friday also had some posit ...

Core Insights - Natural gas prices in the US increased by 3.70% on Thursday due to colder weather forecasts, which are expected to boost heating demand [1] - US dry gas production reached 107.1 billion cubic feet per day (bcf/day), marking a 3.7% year-over-year increase, while gas demand rose to 79.2 bcf/day, a 12.1% year-over-year increase [2] - The EIA's report indicated that natural gas inventories rose by 74 billion cubic feet (bcf), aligning with market expectations but exceeding the 5-year average [5] Production and Demand - US natural gas production is currently near record highs, with the EIA raising its 2025 production forecast by 0.5% to 107.14 bcf/day [3] - Active natural gas drilling rigs in the US remained stable at 121, just below the 2.25-year high of 124 rigs [6] Electricity Output - US electricity output increased by 1.9% year-over-year to 72,772 gigawatt hours (GWh) for the week ending October 25, contributing positively to gas prices [4] Inventory Levels - As of October 24, natural gas inventories were up 0.5% year-over-year and 4.6% above the 5-year seasonal average, indicating sufficient supply [5] - European gas storage was reported to be 83% full, compared to the 5-year average of 92% for this time of year [5]

November Nymex natural gas (NGX25) on Friday closed down -0.040 (-1.20%), adding to Thursday's loss of -3.07%. Nov nat-gas prices on Friday fell to a new 1-week low, extending the sell-off from Wednesday's 2-week high.  Nat-gas prices continued to sell off on Friday due in part to Thursday's bearish weekly EIA inventory report.  The EIA reported on Thursday that nat-gas inventories rose +87 bcf in the week ended October 17, above expectations of +83 bcf and the five-year average of +77 bcf. More News fr ...

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 ...

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]

Group 1 - October Nymex natural gas prices closed down by $0.088, a decrease of 2.82%, due to expectations of increased US gas inventories in the near term [1] - Seasonal pipeline maintenance along the Gulf Coast is expected to lead to a decline in natural gas exports, which will increase supplies in storage [1] - The EIA's weekly report anticipates a rise of 69 billion cubic feet (bcf) in natural gas inventories for the week ending September 5, surpassing the five-year average increase of 56 bcf [1] Group 2 - Warmer weather forecasts in the US are expected to limit the downside for natural gas prices, as increased demand from electricity providers is anticipated due to higher air conditioning usage [2] - Forecasts indicate above-normal temperatures in the Midwest and East for the period of September 15-24 [2] Group 3 - US natural gas production has recently been a bearish factor for prices, with the EIA raising its 2025 production forecast by 0.2% to 106.63 bcf/day [3] - Current US natural gas production is near record highs, with active rigs reaching a two-year high [3] Group 4 - US dry gas production was reported at 107.2 bcf/day, reflecting a year-over-year increase of 5.9% [4] - Lower-48 state gas demand was recorded at 70.6 bcf/day, showing a year-over-year decrease of 2.0% [4] - Estimated LNG net flows to US export terminals were 14.4 bcf/day, down 5.8% week-over-week [4] - US electricity output rose by 1.03% year-over-year to 83,003 GWh for the week ending September 6, and increased by 2.97% year-over-year to 4,264,559 GWh over the past 52 weeks [4] - Natural gas inventories increased by 55 bcf for the week ending August 29, aligning with market consensus and above the five-year weekly average of 36 bcf [4] - As of August 29, natural gas inventories were down 2.2% year-over-year but 5.6% above the five-year seasonal average, indicating sufficient supplies [4] - European gas storage was reported to be 79% full as of September 7, compared to the five-year seasonal average of 86% [4]