0958 ET - U.S. natural gas futures are lower as shoulder-season demand remains subdued, with Texas heat offset by pleasant temperatures across much of the rest of the country and the market focused on a string of large storage builds. "A triple-digit storage surplus to five-year norms is probable by June," Eli Rubin of EBW Analytics says in a note. But as summer heat lifts power-sector demand, LNG rises, and production trends sideways, "the contours of the long-term bullish thesis of rising demand set against insufficient supply growth may begin to emerge," he says. Nymex natural gas is off 3.8% at $3.507/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 09:58 ET (13:58 GMT)
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