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Daily Prices

9/25/24

Natural Gas Futures Higher as Market Eyes Strong Demand, Weak Production; Cash Prices Jump — MidDay Market Snapshot

By Jodi Shafto

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Published in: MidDay Price Alert Filed under:

October Nymex natural gas futures were higher through Monday afternoon trading as production cutbacks continued while strong LNG demand countered the expected decline in power sector load as weather turned mild across the bulk of the country.

Waha hub spot price average

Here’s the latest:

  • Prompt month natural gas futures up 7.0 cents to $2.375/MMBtu as of 1:45 p.m. ET Monday
  • Liquefied natural gas demand recovers after slipping in the week ended Sept. 14
  • Power sector load down 3.3 Bcf/d from recent seven-day average

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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.