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July natural gas prices held fairly steady throughout Wednesday as technical support balanced out cooler weather...

Mexico said it would follow the European Union's (EU) lead and file legal proceedings with the World Trade Organization (WTO) over the Trump administration's decision last week to impose tariffs on steel and aluminum imports.

July natural gas prices were set to open 5.6 cents higher at $2.952 as the market anticipates another sub-100 Bcf storage injection once the Energy Information Administration (EIA) releases its weekly report later this morning for the week ending June 1.

In a sobering report, auditors with the U.S. Government Accountability Office said the costs and liabilities associated with orphaned oil and natural gas wells are likely increasing, but the Interior Department's Bureau of Land Management has been doing an inadequate job of keeping track of the trends.

Participants in the Mexican natural gas sector see a budding need for commercial storage capacity, but they also say the market and its infrastructure still have some ways to go before demand materializes.

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