{
  "id": 3444096,
  "title": "Nat-Gas Prices Supported by Hot US Weather",
  "url": "https://urgent.news/2026/08/24/nat-gas-prices-supported-by-hot-us-weather",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T19:14:07.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/commodities/articles/nat-gas-prices-supported-hot-191407074.html"
  },
  "original_language": "en",
  "account": "Nat-gas prices in the United States rose on Monday due to forecasts predicting record-high temperatures in West Texas for the upcoming week, which would increase demand for natural gas. The Electric Reliability Council of Texas (ERCOT) projected peak power demand this week could surpass the previous all-time record set in July. Crude oil prices dropped as oil supplies flowed through the Strait of Hormuz. The Commodity Weather Group revised weather forecasts slightly cooler than initially anticipated, though still above-average temperatures were expected in Texas and the Southwest through September 7. US dry gas production in the lower 48 states was 112.0 bcf/day (+2.3% year-over-year) on Monday, with gas demand at 77.7 bcf/day (+5.5% year-over-year). LNG net flows to US export terminals were 17.2 bcf/day (-0.3% week-over-week). The Edison Electric Institute reported that US electricity output in the week ending August 15 increased by 2.36% year-over-year to 101,498 GWh, while 52-week US electricity output rose by 2.24% year-over-year to 4,359,446 GWh. US nat-gas storage levels were projected to reach 3,985 bcf by the end of October, the highest in 10 years, and 5% above the five-year average. US nat-gas inventories were 6.7% above their five-year seasonal average as of August 14. A bearish medium-term factor is speculation of a powerful El Niño weather system bringing warmer-than-normal temperatures to the Northern Hemisphere this fall and winter, which could reduce nat-gas heating demand. US nat-gas drilling rig activity declined slightly, with 127 rigs operating in the week ending August 21, slightly below the 3-year high of 134 rigs in February 2026.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}