The NYMEX September natural gas futures contract decreased Wednesday as strong dry gas production continued to halt the momentum the market gained in the last few days. As of 10:24 am EDT (1424 GMT), the NYMEX front-month contract fell 1 cent Wednesday to $2.949/MMBtu, trading in a range of $2.930/MMBtu and $2.963/MMBtu. US dry gas production fell 1 Bcf/d day on day to 80.8 Bcf/d Wednesday, and is projected to average 81.3 Bcf/d for the next two weeks as dry production continues to stay strong into the foreseeable future, according to S&P Global Platts Analytics data. The strong production has not impacted storage numbers as power burn demand seen this summer has eaten away at potential injections. Analysts surveyed by S&P Global Platts expect a 30-Bcf build in storage stocks to be announced by the […]