Natural Gas Prices in the US Fall Further

2025-12-16 16:23 By Joana Taborda 1 min. read

US natural gas futures continued to slide, falling to $3.80 per MMBtu, the lowest level since late October, and are now down roughly 27% from a three-year high reached on December 5.

Weather forecasts across the US point to above-average temperatures for much of the country though December 31, which could curb heating demand.

At the same time, record production levels and ample storage supplies continue to weigh on prices.

LSEG estimates Lower-48 output at around 109.5 Bcf/d so far in December, down from record highs set in November.

According to the latest EIA data, US utilities withdrew 177 Bcf from underground storage in the week ended December 5, slightly above expectations and representing the first significant draw of the season.

Meanwhile, US LNG exports remain robust, with shipments in November reaching a record 10.9 million metric tonnes, around 70% of which were destined for Europe.



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