The weakness of the dollar turns a short cover in the future gas nat

Nymex (NGU25) natural gas closed on Tuesday +0.021 (+0.78 %).

Sep Nat Gas settled on Tuesday, as the weakest dollar stimulated some moderate short cover in Nat Gas Futures.

Natural gas prices have been under pressure over the past 2.5 months and decreased to a decrease near 9.5 months on Monday, on the late weather forecast late in the summer. The forecast said on Monday that the low temperatures of normal will stabilize the United States from North Carolina to North California from 4 to 8 September, which will reduce the demand for Nat Gas to run air conditioning.

NAT-GAS production in the United States is another declining factor for prices. On August 12, the environmental impact evaluation raised its expectations for the production of 2025 United States NAT GAS by +0.5 % to 106.44 BC/a day of the estimate of July 105.9 BC/day. The environmental impact evaluation raised its forecast for the production of 2026 US nat GAS by +0.7 % to 106.09 of 105.4 BC expectations per day. Nat Gas production is currently in the United States near a record level, as Nat Gas Active Active has recently published the highest level in two years.

Dry gas production (less than 48) was on Tuesday 107.3 BCF/Day (+4.5 % Y/Y), according to Bnef. The demand for lower state gas was 48 on Tuesday, 73.9 BC/Day (-10.7 % on an annual basis), according to Bnef. The liquefied natural flows of LNG were estimated at the American LNG export stations on Tuesday 14.9 BCF/Day (+8.2 % W/W), according to Bnef.

As a supportive gas price factor, the Edison Electric Institute last Wednesday that the production of electricity in the United States (less than 48) in the week ending August 16 rose +7.1 % on an annual basis to 99,160 GB (Gigawatt), and the production of electricity in the United States in a period of 52 weeks ending from August 16 +2.7 % y/y to 4,264,139 GWH.

Last Thursday, the weekly EIA report was rising for NAT-GAS prices since the NAT GAS stocks rose for the week of August 15 +13 BCF, less than the consensus of +18 BC and much lower than the weekly average for 5 years than +35 BCF. As of August 15, the NAT -GAS -3.0 % inventories decreased on an annual basis, but it was +5.8 % higher than its seasonal average for 5 years, indicating enough NAT GAT supplies. As of August 24, gas storage in Europe was 76 % full, compared to the seasonal average for 5 years, which is 84 % full of this time of the year.

Baker Hughes said last Friday that the number of drilling platforms in the active United States in the week ending on August 22 did not change at 122 devices, just less than the highest level of 124 platforms published on August 1. Last year, the number of gas platforms increased from 4 years from 94 informed platforms in September 2024.

On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com