• U.S. liquefied natural gas levels improved, but production also increased
  • Cool temperatures across much of the central United States could dampen demand
  • Record-setting heat in the West forced planned power outages in California

Natural gas futures gave up ground on Tuesday as markets weighed a mixed weather outlook and new data pointing to both increased production and demand for U.S. liquefied natural gas (LNG) as the industry recovers from the impacts of Hurricane Laura.

markets

The October Nymex contract settled at $2.400/MMBtu, down 18.8 cents day/day. November declined 9.5 cents to $2.892.

Spot gas prices, meanwhile, declined as weather turned cooler-than-normal across much of the country, while robust heat and wildfire risks in the West forced planned power outages across...