June gas futures dipped but remained in the upper $2.50s per million Btu Tuesday -- the eve of expiration.

摘要

The move came despite supportive fundamentals like weather forecasts calling for sweltering heat to continue in the Southeast for the next few weeks. However, weather models show a switch to below-normal temperatures further north next week. On the supply side, Gelber & Associates analyst Daniel Myers noted that production boomed over the weekend and could end the month in line with previous record levels. Meanwhile, LNG export demand also rose above 5.8 Bcf/d Monday when Cameron LNG took a 0.5 Bcf/d slug.