US natural gas prices fall to 11-week low amid record output and easing tensions
US natural gas futures declined over 3% to below $2.8 per MMBtu, the lowest since May 8, driven by record production levels and easing geopolitical tensions in the Middle East. The Energy Information Administration (EIA) reported that gas inventories were 6.4% above the five-year seasonal average as of July 17, and production in the Lower 48 states increased to 110.4 billion cubic feet per day (bcfd) in July from 110.0 bcfd in June. Additionally, gas flows to major export terminals averaged 17.2 bcfd in July, slightly below June's 17.4 bcfd, partly due to scheduled maintenance at Freeport LNG's Texas facility. Forecasts indicate temperatures will remain mostly above normal through August 8, likely sustaining elevated gas demand for cooling needs.
Key points
- Temperatures forecasted to remain above normal through August 8, likely increasing gas demand for cooling.
- US natural gas futures fell over 3% to below $2.8 per MMBtu, the lowest since May 8, amid record production and easing Middle East tensions.
- Gas flows to major export terminals averaged 17.2 bcfd in July, slightly below June's 17.4 bcfd, partly due to scheduled maintenance at Freeport LNG's Texas facility.
- EIA data shows gas inventories were 6.4% above the five-year seasonal average as of July 17, with production in the Lower 48 states increasing to 110.4 bcfd in July from 110.0 bcfd in June.
Sources
- US Natural Gas Drops to 11-Week LowTrading Economics · July 27, 2026
- US natural gas prices fall 4% to 11-week low on record outputBOE Report · July 27, 2026
- European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions EaseInvesting.com UK · July 27, 2026
- Argent LNG wins DOE approval to export to free-trade agreement countriesOil & Gas Journal · July 27, 2026
AI-generated from public news sources. Not financial advice.
