Lower production and a narrowing storage surplus fell short of countering forecasts for mild fall weather, leaving natural gas forward prices to probe lower.
Front month fixed prices at benchmark Henry Hub declined 7.3 cents for the Sept. 13-18 period, reaching $2.288/MMBtu at the close of that span, NGI’s Forward Look data show.
Fixed prices fell week/week across most regions. Chicago Citygate shed 1.8 cents to $1.922, while Algonquin Citygate in New England lost 3.4 cents to $1.857 as National Weather Service forecasts called for benign fall weather in the Midwest and Northeast in coming weeks.
