Natural Gas Spot Prices Break Resistance on Strong Domestic Cooling Demand

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Export and Domestic Pull

LNG export facilities continue to run at maximum capacity, drawing heavily on domestic supply. Simultaneously, unseasonably warm weather in the southern US has triggered an early spike in power burn for air conditioning.

Production Discipline

Despite the slight price recovery, major US producers are maintaining strict output discipline. This is preventing the typical spring storage build from overwhelming the market.