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+3.4% above their 5-year seasonal average. ‘It Makes No Sense To Me’: Nvidia’s Jensen Huang Slams Americans Who ‘Vilified Energy,’ Praises Trump for ‘Sticking His Neck Out’The AI Pick-and-Shovel Trade Hiding in Plain Sight: Stocks & ETFs to Invest in WaterNat-Gas Prices Recover on Forecasts for Below-Normal US TempsTired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!Losses in nat-gas prices were contained on Friday amid forecasts of colder-than-normal US temperatures, potentially boosting nat-gas heating demand.  The Commodity Weather Group said Friday that below-normal temperatures are seen across much of the northern US and East for the January 21-30 period. Nat-gas prices are also under pressure, as feedgas to Cheniere's Corpus Christi LNG export facility and the Freeport LNG export terminals along the Texas Gulf Coast have been below normal levels this week due to electrical and piping issues.  The reduced capacity at the export terminals allows US nat-gas storage levels to build, a bearish factor for prices.As a negative factor for gas prices, the Edison Electric Institute reported Wednesday that US (lower-48) electricity output in the week ended January 10 fell -13.15% y/y to 79,189 GWh (gigawatt hours), although US electricity output in the 52-week period ending January 10 rose +2.5% y/y to 4,294,613 GWh.Projections for lower US nat-gas production are supportive for prices.  The EIA on Tuesday cut its forecast for 2026 US dry nat-gas production to 107.4 bcf/day from last month's estimate of 109.11 bcf/day.  US nat-gas production is currently near a record high, with active US nat-gas rigs recently posting a 2-year high.US (lower-48) dry gas production on Friday was 113.0 bcf/day (+8.7% y/y), according to BNEF.  Lower-48 state gas demand on Friday was 104.9 bcf/day (-2.4% y/y), according to BNEF.  Estimated LNG net flows to US LNG export terminals on Friday were 19.8 bcf/day (+2.5% w/w), according to BNEF.Thursday's weekly EIA report was bearish for nat-gas prices, as nat-gas inventories for the week ended January 9 fell by -71 bcf, a smaller draw than the market consensus of -91 bcf and well below the 5-year weekly average draw of -146 bcf.  As of January 9, nat-gas inventories were up +2.2% y/y and were +3.4% above their 5-year seasonal average, signaling ample nat-gas supplies.  As of January 13, gas storage in Europe was 52% full, compared to the 5-year seasonal average of 68% full for this time of year.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,940.01 -4.46 (-0.06%)Dow 3049,359.33 -83.11 (-0.17%)Nasdaq23,515.39 -14.63 (-0.06%)Russell 20002,677.74 +3.18 (+0.12%)VIX15.86 +0.02 (+0.13%)Gold4,595.40 -28.30 (-0.61%)Trending tickersBTC-USD Bitcoin USD 95,083.56 -179.95 (-0.19%)ETH-USD Ethereum USD 3,309.91 +20.87 (+0.63%)XRP-USD XRP USD 2.05 -0.01 (-0.30%)SOL-USD Solana USD 142.55 -1.78 (-1.23%)BTC-CAD Bitcoin CAD 132,399.10 -250.56 (-0.19%)PortfolioSign in to access your portfolioSign inTop gainersIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)AGX Argan, Inc. 383.66 +54.00 (+16.38%)RIOT Riot Platforms, Inc. 19.24 +2.67 (+16.11%)ASTS AST SpaceMobile, Inc. 115.77 +14.52 (+14.34%)FIGR Figure Technology Solutions, Inc. 73.91 +8.99 (+13.86%)Top losersZGN Ermenegildo Zegna N.V. 9.56 -1.46 (-13.25%)SSL Sasol Limited 6.31 -0.84 (-11.75%)TLN Talen Energy Corporation 371.66 -47.41 (-11.31%)CEG Constellation Energy Corporation 307.71 -33.42 (-9.80%)GTM ZoomInfo Technologies Inc. 9.04 -0.96 (-9.65%)Most activeIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)ONDS Ondas Inc. 12.16 -0.66 (-5.15%)NVDA NVIDIA Corporation 186.23 -0.76 (-0.41%)INTC Intel Corporation 46.96 -1.35 (-2.78%)BBAI BigBear.ai Holdings, Inc. 6.12 -0.05 (-0.81%)Top economic eventsEarnings eventsMy earnings eventsEarnings events