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Rich Asplund

FOUND: Abundant us nat gas supplies pressures prices - You Need To See This

United States BNEF Natural Gas EIA

June Nymex natural gas (NGM26) on Tuesday closed down -0.079 (-2.76%).

Nat-gas prices retreated on Tuesday as flows to US liquefied natural gas (LNG) export terminals fell to the lowest level in more than three months, leaving more supplies in the domestic market. According to BNEF data, LNG flows to US Gulf coast export terminals fell to 17.7 bcf on Tuesday, the lowest since late January due to seasonal maintenance. The larger domestic nat-gas supplies could boost US storage levels that are already +7.7% above their five-year average as of April 24.

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