US Natgas Prices Advance

2026-06-04 01:49 By Judith Sib-at 1 min. read

US natural gas futures rose to around $3.23 per MMBtu as investors await the weekly storage data, which is expected to show a slight increase in the supply surplus.

Prices remain supported by weather-driven demand expectations, with forecasts pointing to mostly above-normal temperatures through June 18.

This should lift gas-fired power generation as air-conditioning demand rises.

On the supply side, average production in the Lower 48 states fell to 109.0 bcfd so far in June from 109.7 bcfd in May.

The decline in output over recent weeks has likely narrow the storage surplus to around 5.9% above normal for the week ended May 29, compared with 6.2% in the previous week.

However, upside momentum has been partially offset by weaker LNG demand.

Average feedgas flows to major LNG export terminals have fallen from 17.1 bcfd in May to 16.3 bcfd so far in June amid ongoing seasonal maintenance at several facilities.



News Stream
US Natgas Prices Advance
US natural gas futures rose to around $3.23 per MMBtu as investors await the weekly storage data, which is expected to show a slight increase in the supply surplus. Prices remain supported by weather-driven demand expectations, with forecasts pointing to mostly above-normal temperatures through June 18. This should lift gas-fired power generation as air-conditioning demand rises. On the supply side, average production in the Lower 48 states fell to 109.0 bcfd so far in June from 109.7 bcfd in May. The decline in output over recent weeks has likely narrow the storage surplus to around 5.9% above normal for the week ended May 29, compared with 6.2% in the previous week. However, upside momentum has been partially offset by weaker LNG demand. Average feedgas flows to major LNG export terminals have fallen from 17.1 bcfd in May to 16.3 bcfd so far in June amid ongoing seasonal maintenance at several facilities.
2026-06-04
US Natgas Prices Extend Decline
US natural gas futures dropped to around $3.15 per MMBtu, extending their pullback from a three-month high amid weaker LNG export demand. Average feedgas flows to major LNG export facilities declined from 17.1 bcfd in May to 16.0 bcfd in early June due to seasonal maintenance at several plants, with daily flows falling to a four-month low. This increases available inventories at a time when storage is already relatively comfortable, at over 6% above the five-year average. Losses, however, were partly limited by weather forecasts pointing to mostly above-normal temperatures through June 17, which is expected to boost gas consumption from power generators as air-conditioning use rises. In addition, gas production in the Lower 48 states averaged 108.8 bcfd so far in June, down from 109.7 bcfd in May.
2026-06-03
US Natgas Prices Ease from 3-Month High
US natural gas futures fell to around $3.17 per MMBtu, retreating from a nearly three-month high of $3.29 reached in late May, as traders reassessed supply and demand conditions. Weather forecasts continue to point to mostly above-normal temperatures through June 13, a trend that could boost gas consumption from power generators as air conditioning demand rises. On the supply side, gas production in the Lower 48 states averaged 109.4 billion cubic feet per day in May, slightly below April’s 109.8 bcfd. Meanwhile, flows to major US LNG export facilities declined to 17.1 bcfd from a record 18.8 bcfd in April due to seasonal maintenance work at several plants. Despite the latest pullback, US natural gas prices surged 18.9% in May, following a 4.1% decline in April.
2026-06-01