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US natural gas futures held near a three-month low as Lower 48 output reached about 110.6 bcfd and LNG feed flows fell. Storage remained above the five-year average, and the 12-month futures strip dropped to its lowest since November 2024.
Sempra also said the Costa Azul plant in Mexico was not expected to return until the fourth quarter.
Ample supply and weaker LNG demand point to lower domestic gas prices, which reduces energy and fertilizer input costs for feed producers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.