04.09.202515:05:00UTC+00Natural Gas Inches Down from 4-Week High after Storage Report

U.S. natural gas futures increased to $3.10 per MMBtu on Thursday, slightly retreating from a four-week peak of $3.12. This surge is driven by robust global demand for gas, which counterbalances domestic storage data indicating a significant build. According to the EIA, there was a 55 billion cubic feet rise in natural gas storage during the last week of August, aligning with market expectations. This development reinforces ample storage levels within the U.S., despite high volumes of natural gas leaving the country. Exports of liquefied natural gas (LNG) from U.S. ports reached a record 9.33 million tonnes, fueled by intensified demand from Europe and increased plant capacity following maintenance work at the Plaquemines facility. Additionally, the EIA forecasts that U.S. natural gas production will hit a new peak of 91.4 billion cubic feet per day in 2025.