The NYMEX August natural gas futures increased Wednesday, up 4.3 cents to $2.775/MMBtu as power burn backs off but summer demand pressure sets in amid the storage deficit. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month contract traded Wednesday between $2.735/MMBtu and $2.777/MMBtu. US demand fell 1.6 Bcf/d to 70.2 Bcf/d on Wednesday, led primarily by the fall in Power Burn in the country, according to S&P Global Platts Analytics. The main drivers for this demand dropoff look to be the Northeast and Midcontinent as temperatures in those regions are forecast to begin sliding downward at the end of the week, according to Platts Analytics. Looking ahead, the most recent six- to 10-day temperature forecast from the National Weather Service calls for colder-than-average temperatures for much of the country excluding the Pacific Northwest and Southwest. Power burn demand has reached year-to-date […]