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05.09.202515:09:47UTC+00Natural Gas Inches Down from 4-Week High

On Friday, US natural gas futures edged slightly down to $3.05 per MMBtu after reaching a four-week high of $3.12 earlier in the day. This decline mirrored the retreat in energy commodities, as pessimistic US labor market data constrained demand prospects. Despite this dip, robust global consumption continued to support prices, maintaining levels above the August average. Export figures of liquefied natural gas from US ports reached a record high at 9.33 million tonnes, spurred by increased European demand and expanded LNG plant capacities following maintenance completion at the Plaquemines facility. Concurrently, the Energy Information Administration (EIA) projected that US production will hit a new peak in 2025, with a total of 91.4 billion cubic feet per day. Another EIA report indicated a 55 billion cubic feet rise in natural gas storage during the last week of August, aligning with market expectations.

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