Market Insight: Record heat, no rally — Henry Hub’s summer glut

July 31, 2026

The natural gas market is delivering a paradox this summer: some of the hottest temperatures on record across the United States, and yet Henry Hub cannot catch a bid. The benchmark slipped to about $2.65/MMBtu on July 30, its lowest in roughly three months, extending a slow bleed even as air-conditioning demand should be pulling […]

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