Natural Gas Futures Leap Amid Potential Production-Disrupting Hurricane; Cash Prices Climb — MidDay Market Snapshot

By Jodi Shafto

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Published in: MidDay Price Alert Filed under:

October Nymex natural gas futures surged through early afternoon Monday, bolstered by the potential for production disruptions later this week, with another storm brewing in the tropics.

Natural gas futures and prices increase due to potential hurricane impact on production, indicated in a midday market snapshot.

Here’s the latest:

  • Prompt month natural gas futures up 12.4 cents to $2.558/MMBtu as of 12:05 p.m. ET
  • National Hurricane Center (NHC) is watching Tropical Cyclone Nine for development
  • Total Lower 48 natural gas production at 100.5 Bcf/d, down from the 30-day average of 101.1 Bcf/d, according to Wood Mackenzie

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Jodi Shafto

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.