September Nymex natural gas closed down -4.29% on Tuesday, hitting a 9.25-month low due to cooler US weather forecasts and increased US nat-gas production. US dry gas production was at 108.4 bcf/day, while lower-48 state gas demand was at 79.8 bcf/day. LNG net flows to US export terminals were 14.8 bcf/day.

The EIA raised its forecast for US nat-gas production in 2025 and 2026, with production near a record high and active rigs at a 2-year peak. The Edison Electric Institute reported a -1.9% y/y drop in US electricity output last week. A bearish EIA report showed rising nat-gas inventories, signaling ample supply.

Baker Hughes reported a slight dip in active US nat-gas drilling rigs last week. As of publication, Rich Asplund had no positions in mentioned securities. All information is for informational purposes only.

Read more at Yahoo Finance: Nat-Gas Prices Plunge on Cooler Weather Forecasts and Higher US Production