{"id":31735,"date":"2025-09-19T23:20:10","date_gmt":"2025-09-19T23:20:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/31735\/"},"modified":"2025-09-19T23:20:10","modified_gmt":"2025-09-19T23:20:10","slug":"nat-gas-prices-fall-on-abundant-supplies-and-cooler-us-weather","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/31735\/","title":{"rendered":"Nat-Gas Prices Fall on Abundant Supplies and Cooler US Weather"},"content":{"rendered":"

October Nymex natural gas (NGV25<\/a>) on Friday closed down -0.051 (-1.74%).<\/p>\n

Oct nat-gas prices on Friday added to Thursday’s sharp losses and dropped to a 3-week low. \u00a0 Nat-gas prices fell Friday on negative carryover from Thursday when the EIA reported that nat-gas inventories rose +90 bcf in the week ended September 12, above expectations of +81 bcf and well above the five-year average for this time of year of +74 bcf. \u00a0That brings current US nat-gas inventories to +6.3% above their 5-year seasonal average, a sign of abundant supplies.<\/p>\n

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Cooler US weather forecasts, which will curb natural-gas demand from electricity providers to power air conditioning, are also weighing on natural-gas prices. \u00a0Forecaster Atmospheric G2 said Friday that forecasts shifted cooler for most of the US for September 24-28. \u00a0<\/p>\n

Higher US nat-gas production has recently been a bearish factor for prices. \u00a0Last Tuesday, the EIA raised its forecast for 2025 US nat-gas production by +0.2% to 106.63 bcf\/day from August’s estimate of 106.40 bcf\/day. \u00a0US nat-gas production is currently near a record high, with active US nat-gas rigs recently posting a 2-year high.<\/p>\n

US (lower-48) dry gas production on Friday was 107.6 bcf\/day (+6.1% y\/y), according to BNEF. \u00a0Lower-48 state gas demand on Friday was 73.1 bcf\/day (-4.6% y\/y), according to BNEF. \u00a0Estimated LNG net flows to US LNG export terminals on Friday were 15.3 \u00a0bcf\/day (+0.2% w\/w), according to BNEF.<\/p>\n

As a supportive factor for gas prices, the Edison Electric Institute reported Wednesday that US (lower-48) electricity output in the week ended September 13 rose +0.83% y\/y to 81,346 GWh (gigawatt hours), and US electricity output in the 52-week period ending September 13 rose +2.98% y\/y to 4,265,230 GWh.<\/p>\n

Thursday’s weekly EIA report was bearish for nat-gas prices since nat-gas inventories for the week ended September 12 rose +90 bcf, above the market consensus of +81 bcf and above the 5-year weekly average of +74 bcf. \u00a0As of September 12, nat-gas inventories were down -0.3% y\/y, but were +6.3% above their 5-year seasonal average, signaling adequate nat-gas supplies. \u00a0As of September 16, gas storage in Europe was 81% full, compared to the 5-year seasonal average of 87% full for this time of year.<\/p>\n

Baker Hughes reported Friday that the number of active US nat-gas drilling rigs in the week ending September 19 was unchanged at 118 rigs, slightly below the 2-year high of 124 rigs posted on August 1. \u00a0In the past year, the number of gas rigs has risen from the 4.5-year low of 94 rigs reported in September 2024.\u00a0<\/p>\n

On the date of publication,<\/p>\n

Rich Asplund<\/a><\/p>\n

did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.<\/p>\n

For more information please view the Barchart Disclosure Policy<\/p>\n

here<\/a>.<\/p>\n

\u00a0<\/p>\n

More news from Barchart <\/p>\n

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"October Nymex natural gas (NGV25) on Friday closed down -0.051 (-1.74%). Oct nat-gas prices on Friday added to…\n","protected":false},"author":2,"featured_media":31736,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":{"0":"post-31735","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/31735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=31735"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/31735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/31736"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=31735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=31735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=31735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}