
US natural gas prices rose to around $3.24 per MMBtu as weather forecasts turned hotter, while investors awaited weekly inventory data. Forecasters said above-average temperatures are expected across the mid-Atlantic and Upper Midwest through July 3, lifting gas-for-power demand. Expectations of a smaller-than-average storage build also supported prices, with inventories forecast to increase by 67 bcf for the week ended June 19, below the five-year average gain of 75 bcf for the period. Additional support came from improved LNG export activity, with average gas flows to major US LNG export facilities rising to 17.3 bcfd so far in June from 17.1 bcfd in May, partly driven by record feedgas at the Golden Pass. Moreover, production in the US Lower 48 states fell to 109.5 bcfd so far in June from 109.7 bcfd in May.

Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service






