Source: NWS HeatRisk Map Record-breaking heat across much of the U.S. would normally be a recipe for significantly higher natural gas prices. Instead, the market remains stuck in a well-defined trading range. Why? Several bearish fundamentals continue to offset the surge in power demand. LNG feedgas demand has been lower than expected as maintenance limits export capacity. At the same time, renewable generation has remained strong, while nuclear and coal plants continue to pr

Source: EIA Natural gas and LNG markets navigated a week of competing bullish and bearish signals as traders balanced summer weather, LNG growth, geopolitical developments, and quarter-end positioning. This Week's Main Drivers: 1. July Contract Expiration and Holiday Trading The expiration of the July NYMEX contract and the upcoming July 4th holiday weekend contributed to heightened volatility and position squaring across energy markets. 2. Heat Arrives, But Demand Remains Un