Natural gas prices rose by 3.12% to 274.1 despite a drop in daily output. The rise was despite forecasts for softer demand, ample storage, and stagnant LNG export flows.
The average gas output in the Lower 48 states declined to 107.4 billion cubic feet per day in September, down from a record high of 108.3 billion cubic feet per day in August.
US energy firms injected 71 billion cubic feet of gas into storage during the week ended September 5, surpassing market expectations.
The U.S. Energy Information Administration projects that natural gas production and demand will reach record highs in 2025, followed by a slight decline in 2026.
