U.S. Natural Gas Falls to Seven-Week Low Amid Permian Basin Output Surge and LNG Export Decline

NG-0.69%
U.S. natural gas futures fell to a seven-week low last week, driven by increased production in the Permian Basin and reduced flows to liquefied natural gas export terminals. Permian Basin daily output exceeded 23 billion cubic feet in late June, the highest level since early May, while LNG terminal flows dropped to a one-month low. Weather forecasts predict rising temperatures in coming weeks, which may increase natural gas demand for power generation as consumers turn on air conditioning.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments