US EIA NatGas Storage Change (BCF) 09-Oct: +67 (prev +85)
Salt Dome Cavern NatGas Stocks (BCF): +9 (prev +14)
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Salt Dome Cavern NatGas Stocks (BCF): +9 (prev +14)
November gas futures fell 3.1% to $3.011 per mmBtu as forecasts pointed to lower near-term demand and expectations of higher output grew. LSEG said US demand is seen rising next week, while storage surplus is expected to narrow to 2.4% above the five-year average.
November gas futures fell 2.0% to $3.043 per mmBtu as forecasts pointed to weaker demand this week and higher output after the Mountaineer XPress pipeline returned to service. Analysts estimated US gas inventories at 2.4% above the five-year average for the week ended September 25.
October US natural gas futures fell 3.2% to $3.095 per mmBtu as the Mountaineer XPress pipe in West Virginia returned to service. Northeast spot prices also dropped below $1 per mmBtu, with New York, New England and the Mid-Atlantic hitting multi-year lows.
US natural gas futures dropped more than 2% on Monday, weighed down by forecasts for milder temperatures and easing oil prices after several weeks of weather-driven gains. October delivery futures on the New York Mercantile Exchange were down 6.3 cents, or 2.2%, to $2.85 per million British thermal units.
(Adds closing prices) October contract is up about 3% this week after last week's 5% decline Calendar 2027 gas futures hit their lowest average since February 2022 Cove Point maintenance could curb recent export-plant feedgas gains European and Asian benchmarks hover near 44-month highs, far above Henry Hub By Scott Di