Heat Waves Fail to Boost Natural Gas Prices Amid Soaring Demand

Natural gas futures continued their downward trend on Tuesday despite scorching heat across much of the country. The price decline is unusual, given that power demand is soaring due to the high temperatures.

According to a report from Natural Gas Intelligence, the current weather outlook remains unchanged, which may be contributing to the lack of upward pressure on prices. LNG feedgas is also sputtering, which could impact supply levels in the coming days and weeks.