Natural gas prices near a 25-year low on Thursday morning as fundamentals are turning bearish. August NatGas futures slid 2% to 1.612 MMBtu on Thursday morning, weighed down by the lack of heat-driven demand and continued LNG weakness. Natural gas prices near a 25-year low on Thursday morning as the summer heat has yet to materialize, and oversupplied conditions persist. August NatGas futures slid 2% to 1.612 MMBtu on Thursday morning, weighed down by the lack of heat-driven demand and continued LNG weakness. The summer heat has taken hold across most of the Lower 48, leading to stronger power burns. But futures markets have looked for indications of extreme temperatures to drive lofty cooling demand and offset the shocks of the coronavirus pandemic and the global recession it induced. Weather models have, so far this week, instead produced modestly cooler outlooks than what forecasters had projected over last weekend, […]