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Rich Asplund

Nat-Gas Prices Fall as EIA Raises US Gas Production Estimates

EIA United States Natural Gas BNEF

June Nymex natural gas (NGM26) on Tuesday closed down -0.067 (-2.30%).

Nat-gas prices fell from a 6-week nearest-futures high on Tuesday and settled lower after the EIA raised its US 2026 nat-gas production estimate. Nat-gas prices initially moved up to a 6-week high on Tuesday amid forecasts for hotter US weather, which could potentially spark nat-gas demand from electricity providers to power increased air-conditioning usage. The Commodity Weather Group said Tuesday that forecasts shifted warmer, with above-average temperatures expected across the western half of the US through May 16.

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