Pure Fuel Information: Key Help Breaks—Futures Sink to 9.5-Month Low on Bearish Evaluation…

Will Cooler U.S. Climate Hold Capping Nat-Fuel Demand?

Forecasts from Atmospheric G2 shifted cooler for late August and early September throughout key demand areas together with the East, South, and Midwest. That is anticipated to scale back demand for gas-fired energy technology as air-con hundreds ease, a direct hit to late-summer gasoline consumption. With Decrease-48 demand on Friday at 77.9 bcf/day—up 9.eight% year-on-year—the forecasted dip in temperatures might stall that momentum.

Is Surging U.S. Manufacturing Fueling the Draw back?

Manufacturing stays a headwind. The EIA revised its 2025 U.S. pure gasoline manufacturing forecast up by zero.5% to 106.44 bcf/day, whereas 2026 estimates rose to 106.09 bcf/day, reflecting continued supply-side power. BloombergNEF reported Friday’s Decrease-48 dry gasoline output at 108.four bcf/day, up 6.three% from the prior yr. U.S. gasoline rigs stay elevated at 122, close to a two-year excessive. Merely put, provide is holding agency whilst demand exhibits indicators of easing.

Inventories Provide a Blended Sign—However Lean Bearish

The EIA reported a smaller-than-expected stock construct of +13 bcf for the week ended August 15, nicely underneath the +18 bcf consensus and considerably under the 5-year common of +35 bcf. Nevertheless, storage stays +5.eight% above the 5-year common, suggesting the market stays nicely equipped. European gasoline storage at 74% capability—under the 82% five-year common—is price monitoring, however has but to offer any vital bullish pull.

Will Brief-Masking Set off a Bounce or Extra Promoting?