UK NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures (May 2026)
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UK NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures (May 2026) forum
The % difference between Indian NG and US NG is almost double.
NG1! v/s
NATURALGAS1!
As shared on Friday, next stop $3.91 then $4
NG1!




• Days 1–7 (June 17–23):
o Southern 2/3 of the US = very warm to hot, with highs in the 80s–100s (hottest in California & Southwest).
o Northern 1/3 = comfortable, highs 60s–80s.
o Hot high pressure will strengthen over the eastern half this weekend into next week → mid-80s to mid-90s.
Days 8–15 (June 24–July 1):
o Continued hot in most of the US: strong high pressure brings mid-80s to near 100°F.
o Cooler conditions limited mostly to parts of the West due to weather systems.
National demand: HIGH for the next 15 days due to the dominant hot pattern.
✅ 4️⃣ Key Takeaways
✔️ Bullish bias: Solidly bullish for the next 15 days due to sustained hot US pattern → supports power burn and cooling demand.
✔️ Risks:
• Large storage surplus (+160 Bcf vs 5-year avg) still a cap in the medium term if weather cools.
• Watch if Texas & Deep South stay less hot than peak — would slightly reduce intensity of national cooling demand.