S. TX Regional Avg. Daily Natural Gas Price Snapshot

European natural gas prices remained strong this week after Norway announced additional capacity cuts due to unplanned maintenance works, adding more uncertainty to Europe’s supply and demand balance.

Natural gas futures rose but treaded lightly to kick off the week’s final session, as traders weighed an improving storage trajectory against signs of fading demand.

October Nymex natural gas futures settled higher Thursday on some bullish implications from the latest storage data and potential lingering strong demand on the possibility that hot weather may continue through September.

North American natural gas futures were once again above the $2.00/MMBtu mark as the market turned to the post-summer season.

Natural gas forwards slipped at the front of the curve for most locations alongside trimmed demand expectations for September, while hubs in Canada posted gains ahead of the nation’s first LNG export terminal.