Natural gas futures floundered on Thursday, hampered by strong production and fresh inventory data that confirmed supplies in storage remain robust even amid peak summer demand.

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

The August Nymex gas futures contract shed 17.3 cents day/day and settled at $2.492/MMBtu before rolling off the books. September, which takes over as the prompt month on Friday, fell 9.8 cents to $2.595.

NGI’s Spot Gas National Avg. retreated 5.5 cents to $3.060.

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Production on Thursday held around 101 Bcf/d...