
US natural gas futures held steady at $2.67 per MMBtu on Friday, the lowest level since November 2024, pressured by a larger-than-expected storage build last week and mild weather forecasts. The EIA reported a 50 Bcf injection into storage for the week ended April 3, above market expectations of a 46 Bcf build. The increase compares with a 53 Bcf injection in the same week last year and a five-year average build of 13 Bcf.
Also, forecasts point to above-normal temperatures through at least April 24, keeping gas demand subdued over the next two weeks. On the geopolitical front, markets are monitoring weekend negotiations in Islamabad, where a US delegation led by Vice President JD Vance is scheduled to meet Iranian officials. The talks come after Israeli strikes in Lebanon put at risk a fragile ceasefire reached earlier this week. Despite the uncertainty, US gas prices remain insulated due to strong domestic production, with export facilities already operating near their limits.

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






