Natural gas futures price with natural gas futures price at $2

With natural gas futures price at $2.95/MMBtu, analysts note a bullish bias driven by weather-driven demand and steady LNG shipment schedules. Traders are eyeing the $3.10 resistance level as a key breakout zone. Now Chevron (CVX) owns Hess’s 38% stake and has a seat at the table. October’s dividend announcement will be the first test of whether management keeps the quarterly raise streak alive. Meanwhile, LNG exports remain strong, with net flows at 15.7 Bcf/day, up 7.8% week-on-week. U.S. dry gas production is robust, reaching 107.9 Bcf/day (+5.5% y/y), while demand was at 70.4 Bcf/day (-1.3% y/y). Active rig counts dipped by 1 to 117, though production remains near record highs. The natural gas futures price pushed to $2.99/MMBtu on renewed concerns about supply disruptions from key shale production areas. Options markets show increased call buying, hinting at potential momentum toward $3.