Robpoll

Natural gas clawed back an early-week flush as late-August heat lingered, but a record El Niño keeps fading the rich winter premium into a warm-leaning season.

Late-summer heat kept the prompt firm as record output loosened the balance, but a record-track El Nino bled the winter premium lower all week.

Natural gas slipped about 2% last week as a firming summer burn met a carried storage surplus and a Freeport-capped export bid ahead of Thursday’s EIA print.

Genuine August heat couldn’t lift natural gas last week as heavy output and re-loosening storage builds kept the front pinned and the winter premium fading.

A modestly bullish EIA print and blistering late-July heat couldn’t lift natural gas last week as record output and a fat storage surplus kept sellers in control.

Record summer heat is propping up a sub-$3 front month, but persistently loose storage builds and a warm El Niño winter lean keep any rally firmly capped.

A larger-than-expected storage build and a Freeport LNG maintenance turnaround knocked the front month to a six-week low near $3, and the pressure isn’t done.

A record July Fourth heat dome torched the East, but a loose EIA build and resilient supply capped every rally as the curve priced the peak-summer heat.

A late-June heat wave lifted natural gas last week; with a post-July-4 heat dome building and injections set to collapse, the front stays capped-bullish.

Cooling demand and a shrinking July build firmed prices last week, but a strengthening El Niño keeps the winter 2026-27 outlook on the back foot.