1003 ET – Natural gas is down 0.3%, retreating under the $3 per-mm Btu mark after the EIA reported that in July, U.S. natural gas production reached a record high. The agency says that July production landed at 137 billion cubic feet a day, continuing the gradual and stable run-up in natural gas production seen since 2010. This new record replaces the record set after 5 months of new record-highs in 2025, says the EIA.
Mild weather has been a factor pressing on natural gas futures today, with electrical power demand seen as limited.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing