17.10.2025 12:14

Drawing from internet sources, a significant downturn was observed in United States natural gas prices this morning, reaching a three-week nadir. Commodity specialists Ewa Manthey and Warren Patterson from ING highlighted that futures contracts on the NYMEX Henry Hub descended to their intra-day trough of $2.9 per million British thermal units (MMBtu).

This downward trajectory, marking the fourth consecutive session of declines, has been predominantly influenced by a persistent surplus in storage facilities, which has largely counterbalanced projections of cooler temperatures anticipated for the latter part of October across the eastern United States.

The U.S. Energy Information Administration's (EIA) weekly report on natural gas storage indicated a substantial increase of 80 billion cubic feet (Bcf) in inventory during the past week. This figure aligns closely with market consensus, which had anticipated a build of approximately 80.8 Bcf, and also mirrors the five-year average addition of 83 Bcf for this particular period of the year.

Consequently, total natural gas stockpiles, as of October 10th, amounted to 3.721 trillion cubic feet (Tcf). This volume represents a surplus of 4.3% above the historical five-year average, suggesting that inventories are robustly positioned to commence the approaching winter season with an abundance of supply.