Natural gas prices fell by 6.67% to settle at ₹330.2 due to weaker short-term demand forecasts, mild weather, and a drop in LNG exports. Despite a dip in production, bearish sentiment dominated the market.
The average output in the lower 48 U.S. states slipped to 105.7 billion cubic feet per day in April, slightly below the March record. Expectations for lower demand over the next two weeks outweighed supportive supply data.
U.S. utilities injected 29 billion cubic feet of gas into storage in the week ending March 28, 2025, marking the third consecutive week of storage builds. However, storage levels remain 4.3% below the five-year average and 21.7% below last year, primarily due to heavy withdrawals earlier in winter.
