Permian Basin

Natural gas futures advanced as hotter weather forecasts and a smaller-than-expected storage injection gave bulls fresh support. Record Lower-48 production and steady associated gas flows, however, continue to limit the market’s ability to extend rallies.

Natural gas futures advanced as hotter weather forecasts and a smaller-than-expected storage injection pointed to stronger summer demand. Still, record Lower-48 production and steady associated gas flows continue to limit bullish momentum.

Natural gas futures advanced as hotter weather across the South and West met a modest production pullback and resilient LNG feedgas demand. Traders are now watching whether the rally can survive the next EIA storage update and a test of the 50-day moving average.

September natural gas futures advanced as hotter Texas forecasts revived expectations for stronger cooling demand. Record Lower-48 output, Freeport LNG maintenance and a storage surplus keep Thursday’s EIA report at the center of the next market move.

September natural gas futures weakened Monday after a downside gap cut through near-term support and shifted that area into resistance. Cooler late-August forecasts, record Lower-48 output and reduced LNG export demand are leaving buyers with little immediate support.

Natural gas futures finished higher as LNG feedgas climbed and heat supported near-term demand. However, elevated inventories, resilient production and incoming Permian supply continue to limit bullish conviction.