US natural gas futures fall on weaker oil, milder weather forecasts - UNG News | Rallies

US natural gas futures fall on weaker oil, milder weather forecasts

UNG•2026-08-04

Production, LNG flows and key market data

LSEG said average gas output in the U.S. Lower 48 states has held at 110.7 billion cubic feet per day (bcfd) so far in August, matching the monthly record high set in July.

Average gas flows to the nine big U.S. LNG export plants have fallen to 16.9 bcfd so far in August due in part to maintenance at several facilities, including Freeport LNG's 2.4-bcfd plant in Texas. That figure is down from an average of 17.2 bcfd in July and a monthly record high of 18.8 bcfd in April.

Metric	Week ended Jul 31 Forecast	Week ended Jul 24 Actual	Year ago Jul 31	Five-year average (2021-2025) Jul 31
U.S. weekly natgas storage change (bcf)	+32	+28	+13	+23
U.S. total natgas in storage (bcf)	3,116

Global gas benchmark futures ($ per mmBtu)	Current Day	Prior Day	This Month Last Year	Prior Year Average 2025	Five-Year Average (2021-2025)
Henry Hub NGc1	2.78	2.75	2.89	3.62	3.79
Title Transfer Facility (TTF) TRNLTTFMc1	20.22	19.66	11.13	11.94	18.51
Japan-Korea Marker (JKM) JKMc1	21.26	21.45	11.63	12.24	18.12

LSEG U.S. Global Forecast System heating, cooling and total degree days	Current Day	Prior Day	Prior Year	10-Year Norm	30-Year Norm
U.S. GFS Heating Degree Days (HDD)	1	1	1	2	3
U.S. GFS Cooling Degree Days (CDD)	187	246	191	177	189
U.S. GFS Total Degree Days (TDD)	188	247	192	179	192

LSEG U.S. weekly GFS supply and demand forecasts	Prior Week	Current Week	Next Week	This Week Last Year	Five-Year (2021-2025) Average for Month
U.S. Lower 48 Dry Production	111.6	111	111	108.0	101.7
U.S. Imports from Canada	7.5	7.3	8.1	N/A	7.7
U.S. LNG Imports	0.0	0.0	0.0	0.0	0.0
Total U.S. Supply	119.1	118.3	119.2	N/A	109.4
U.S. Exports to Canada	2.2	2.6	2.7	N/A	2.3
U.S. Exports to Mexico	7.4	7.3	7.2	N/A	6.7
U.S. LNG Export Feedgas	17.3	17.0	17.2	16.0	11.4
U.S. Commercial	4.4	4.4	4.5	4.4	4.7
U.S. Residential	3.5	3.5	3.5	3.6	3.4
U.S. Power Plant	47.3	47.5	49.3	42.5	45.3
U.S. Industrial	21.8	21.8	21.8	22.2	21.1
U.S. Plant Fuel	5.5	5.5	5.5	5.5	5.3
U.S. Pipe Distribution	2.3	2.3	2.3	2.3	3.2
U.S. Vehicle Fuel	0.1	0.1	0.1	0.1	0.2
Total U.S. Consumption	84.9	85.1	87.1	80.6	83.2
Total U.S. Demand	111.8	112.1	114.2	N/A	103.6

US natural gas futures fall on weaker oil, milder weather forecasts

Production, LNG flows and key market data

Natural gas futures retreat on weaker oil and cooler forecasts

Demand and storage forecasts remain softer than earlier expectations

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