US Natgas Prices Rebound, Still Down for the Second Week

2025-10-17 14:50 By Agna Gabriel 1 min. read

US natural gas futures rose nearly 3% to above $3/MMBtu on Friday but were still set for a second straight weekly loss, near a three-week low of $2.927 hit in the previous session.

Prices were pressured by mild weather forecasts and ample storage, despite a drop in output and near-record LNG exports.

Data from LSEG showed average gas production in the Lower 48 states fell to 106.6 bcfd in October, down from 107.4 bcfd in September and a record 108 bcfd in August.

Earlier high output allowed companies to build inventories, leaving storage levels about 4% above the five-year average.

Forecasters expect warmer-than-normal weather through early November, which will cut heating demand more than it boosts cooling needs, keeping overall gas use low.

Meanwhile, gas flows to the eight major US LNG export terminals hit 16.4 bcfd, up from 15.7 bcfd in September and close to a record, highlighting strong global demand even as domestic consumption softens.



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