In a low volatility trading session, gas markets remained largely unchanged from yesterday. The October NYMEX contract settled at $2.86 USD/MMBTU, only a $0.01 USD/MMBTU increase from yesterday. Traders await tomorrow’s EIA storage numbers before deciding the final resting point for the October contract.  

New weather forecasts showed a slightly more bearish gas demand outlook for the first half of October. According to LSEG, US production has decreased to 107.4 bcf/d in September, compared to the record volume of 108,3 bcf/d in August. This production decrease and slightly reduced flows to LNG facilities in the US are helping to balance out the weak weather-related demand. (PB)