US Natgas Prices Climb Further

2026-06-01 01:58 By Judith Sib-at 1 min. read

US natural gas futures rose further to $3.37 per MMBtu, the highest level since early February, amid expectations of stronger demand over the next two weeks.

Forecasts indicate mostly above-normal temperatures through June 13, increasing the likelihood that power generators will consume more gas to meet rising air-conditioning demand.

Additional support came from the latest EIA report, which showed a smaller-than-expected increase in gas storage inventories.

On the supply side, gas production in the Lower 48 states averaged 109.4 billion bcfd in May, down from 109.8 bcfd in April, providing further upward pressure on prices.

Meanwhile, flows to major LNG export plants dropped to 17.1 bcfd in May from a monthly record high of 18.8 bcfd in April due to seasonal maintenance at several plants.

US gas prices rallied 18.9% in May, after a 4.1 % drop in April.



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