September Nymex natural gas closed down -0.51% on Wednesday, matching a 9.25-month low due to cooling summer weather and increased US production. Forecasts indicate cooler temperatures across the US, reducing demand for nat-gas from electricity providers. The EIA raised its 2025 and 2026 US nat-gas production forecasts, with current production near record highs. US dry gas production and state gas demand are up year-over-year, while LNG net flows to export terminals decreased. However, US electricity output rose, supporting gas prices. Weekly EIA inventories are expected to increase by 18 bcf. Last week’s report showed a rise in inventories above the five-year average, signaling adequate supplies. Baker Hughes reported a slight decrease in active US nat-gas drilling rigs, which have increased over the past year.

Read more at Yahoo Finance: Nat-Gas Prices Pressured by Cooling Summer Weather and Abundant US Supplies