U.S. Natural Gas rises, but outlook mixed
U.S. natural gas futures climbed about 2% to an eight-week high on August 17, supported by lower daily output and stronger demand forecasts for the next two weeks. However, October contracts retreated from a one-week high on Wednesday, settling slightly lower as traders anticipated a larger-than-average build in EIA inventories.
Prices initially spiked midweek on forecasts for late-summer heat across much of the U.S., which is expected to drive up power-sector demand for air conditioning and slow inventory accumulation ahead of the winter heating season. Atmospheric G2 projected above-normal temperatures for September 22–26, with warmer conditions extending into the north-central U.S. from September 27–October 1.
On the supply side, higher U.S. production remains a headwind. The EIA last week raised its 2025 output forecast by 0.2% to 106.63 bcf/day, near record highs, with active natural gas rigs recently hitting a two-year peak.
U.S. natural gas futures climbed about 2% to an eight-week high on August 17, supported by lower daily output and stronger demand forecasts for the next two weeks. However, October contracts retreated from a one-week high on Wednesday, settling slightly lower as traders anticipated a larger-than-average build in EIA inventories.
Prices initially spiked midweek on forecasts for late-summer heat across much of the U.S., which is expected to drive up power-sector demand for air conditioning and slow inventory accumulation ahead of the winter heating season. Atmospheric G2 projected above-normal temperatures for September 22–26, with warmer conditions extending into the north-central U.S. from September 27–October 1.
On the supply side, higher U.S. production remains a headwind. The EIA last week raised its 2025 output forecast by 0.2% to 106.63 bcf/day, near record highs, with active natural gas rigs recently hitting a two-year peak.
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.