1446 ET - U.S. natural gas futures fall for a fourth straight session amid weak spot pricing and continued low shoulder-season demand."The current price weakness appears driven more by transient demand softness and technical selling than by any fundamental shift in the broader balance," Andy Huenefeld of Pinebrook Energy Advisors says in a note. Dry gas production is high but well off record levels "and shows few signs of sustained growth," he says, while pipeline exports to Mexico are near all-time highs and LNG exports are strong but below capacity. "With limited headroom on the supply side and no new LNG capacity expected until 2025-26, the market lacks meaningful slack heading into peak summer." Nymex natural gas settles down 6.6% at $3.113/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 14:46 ET (18:46 GMT)
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