Source: EIA This Week's Main Drivers: Natural Gas The U.S. EIA reported a +61 Bcf storage injection, above expectations, last year's build, and the five-year average, reinforcing a comfortable domestic supply picture. European natural gas storage has reached roughly 50% full, though markets remain focused on replenishing inventories ahead of winter. LNG Costa Azul LNG loaded its first export cargo, while Freeport LNG continues major maintenance through late August, temporaril

Source: NWS HeatRisk Map Record-breaking heat across much of the U.S. would normally be a recipe for significantly higher natural gas prices. Instead, the market remains stuck in a well-defined trading range. Why? Several bearish fundamentals continue to offset the surge in power demand. LNG feedgas demand has been lower than expected as maintenance limits export capacity. At the same time, renewable generation has remained strong, while nuclear and coal plants continue to pr

Timestamps 0:00 – Market Overview: August contract down hard 0:26 – Impacts of EIA Storage Report & Freeport LNG news 0:48 – Hourly Chart Analysis & Support Levels ($2.92, $2.80) 1:21 – EIA Storage Data Deep Dive (+61 Bcf) 1:55 – August Options Open Interest & Magnet Strikes 2:13 – Front-to-Back Spreads (Jan vs. Oct) 2:42 – ERCOT Fuel Mix: Wind & Solar Performance 3:15 – National Grid Volatility (PJM, MISO, SPP) 3:39 – 8-14 Day Temperature Outlook & Heat Risk Maps 5:44 – Euro

Timestamps 0:00 – Introduction and August futures price action 0:19 – Storage day expectations (Reuters vs. 5-year average) 0:45 – Technical analysis: RSI and support levels (3.10) 1:26 – Front-to-back spreads: JAN vs. OCT (injection spread) 1:54 – ERCOT fuel mix: Impact of wind and solar in Texas 2:33 – Power grid analysis: PJM and MISO price spikes 3:16 – 8-14 day temperature outlook and national heat risk 4:34 – European weather models and heat indices 4:57 – Europe market

Timestamps 00:00 – Market Open & August Futures Update 00:48 – Hourly Chart Analysis & Support Levels 01:20 – Spread Analysis: Jan vs. Oct & Nov-March Strips 02:22 – Super El Niño Concerns & Long-term Outlook 02:27 – 8-14 Day Temperature Outlook & Heat Risk Maps 04:04 – Heat Index Models & Regional Relief 04:55 – ERCOT Power Market & Renewable Energy Share 05:25 – Regional Power Grid Stress (SPP, MISO, PJM) 05:44 – Geopolitical Impact: Strait of Hormuz & LNG Tanker Incidents

Timestamps: 00:00 - Market Update: August Futures & RSI Analysis 01:07 - U.S. Weather Outlook: Extreme Heat Risk Expansion 02:49 - Power Grid Demand & ERCOT Fuel Mix 03:47 - U.S. Power Price Volatility (PJM & MISO) 04:30 - Europe Energy: France Heatwave & Storage Lows 05:30 - Asia Temperature Anomalies 06:01 - LNG Facility Updates: Ras Laffan & US Maintenance 08:12 - Tropical Outlook & Saharan Dust Layer 08:46 - Energy Sector Stock Performance 09:08 - Final Thoughts & Storage

Timestamps 00:00 – Introduction and Natural Gas News Overview 00:49 – Technical Analysis: August Spot Contract & Daily Pivot 02:13 – Winter Injection Strip (Nov-Mar) Analysis 02:46 – ERCOT Fuel Mix: Wind Capacity vs. Natural Gas Demand 03:20 – U.S. Electrical Grid Performance (PJM & MISO) 03:58 – 8-14 Day Temperature Outlook & Heat Risk Maps 04:56 – European vs. GFS Weather Model Comparison 06:35 – Global LNG Updates: Qatar & Force Majeure Status 07:11 – European Market Updat

Source: EIA Natural gas markets enter July balancing strong summer demand with growing signs that the global LNG market is already shifting its attention toward winter. This Week's Main Drivers: • EIA Storage: +87 Bcf versus expectations of +82 Bcf, above both last year's +61 Bcf and the five-year average of +64 Bcf. The build was modestly bearish but reflects continued robust production. • Heat Wave: Record temperatures across the U.S. Northeast pushed gas-fired power demand