-- US natural gas futures were up on Monday, as a dip in output offered support alongside increasingly bullish weather forecasts.
The front-month Henry Hub contract and the continuous benchmark each rose 0.64% to $2.69 per million British thermal units after briefly dipping earlier in the session.
This comes amid bullish weather forecasts, with most parts of the northern and central US expected to see below-normal temperatures from April 27 to May 3, completely flipping the script compared to recent weeks, according to the National Weather Service.
Besides this, natural gas dry production saw a dip late last week, which, even if "a few Bcf under record levels," offered some support, according to NRG Energy.
Similarly, LNG feedgas flows remained at record levels of 18.9 billion cubic feet per day amid global supply constraints due to the military conflict in Iran, which is again helping support US prices.
Meanwhile, US Vice President JD Vance is set to land in Islamabad, Pakistan, with the rest of the US delegation, to hold another round of talks with senior Iranian leaders, ahead of the ceasefire deadline on Tuesday.
US President Donald Trump confirmed this, saying, "They're heading over now," while adding that he assumes "nobody's playing games" at this point, according to a report by New York Post.