Welcome back everyone, today was a pretty exciting day in natural gas. After surpassing US$10/MMBtu today ($10.028) early this morning, the September contract settled $0.487 down from yesterday at $9.193. The catalyst for the reversal? Freeport LNG once again. After previously confirming an October return to service date, the facility released a statement with a revision now to late November. The additional one month will look to have implications on storage, adding around 106 billion cubic feet (Bcf) to inventory which will greatly help the deficit we currently see. In other news, warmer weather is now expected going into September, and hurricane season appears to not be kicking off. Developments are always ongoing, and we’ll make sure to keep you updated on the daily with RiteRate’s market updates. ~CL

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