US Natural Gas Prices Little Changed as Market Weighs Heat Against High Output

U.S. natural gas futures were little changed, with the September contract hovering around $2.80 per million British thermal units. The market lacked a clear catalyst as traders weighed competing forces.

On the demand side, above-normal temperatures across the southern United States are supporting cooling needs, which could temporarily lift gas consumption. However, that upside is being offset by weaker LNG feedgas demand and high domestic output. Lower-48 dry gas production averaged near 112 billion cubic feet per day, up about 2.3% from the same period last year, keeping supplies ample.

As a result, prices remain range-bound, with neither bulls nor bears able to push the market decisively in either direction. The balance between weather-driven demand and robust supply continues to anchor the front-month contract near current levels.