1507 ET - U.S. natural gas futures retreat as the market prepares for another large inventory build in tomorrow's EIA report to increase the surplus over the five-year average. "And it doesn't help that LNG exports are softer today at under 15 Bcf barring higher afternoon revisions," NatGasWeather.com says in a note. On the bullish side are high temperatures in Texas that will drive up electricity demand, although wind and solar generation have been strong the past few days, the forecaster adds. Analysts in a Wall Street Journal survey estimate a 111 Bcf increase in natural gas storage for last week, increasing the surplus to 58 Bcf from 30 Bcf the week before. Nymex natural gas settles down 4.3% to $3.492/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 15:07 ET (19:07 GMT)
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