• A cooler week is expected but hot weather continues to be projected for the end of the month.
  • The EIA announced a low level of natural gas injected into storage even with the Freeport LNG facility being offline. Next week Freeport is expected to return to partial operation boosting natural gas demand.
  • The natural gas commodity has been falling on higher natural gas production and lower LNG exports. The disappointing natural gas injection natural gas injection this past week will halt that trend. Also, the return of a portion of the Freeport LNG export facility will boost demand.
  • Wholesale natural gas basis was up on higher winter European LNG prices.