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Daily Prices

9/25/24

Natural Gas Forward Prices Retreat as Traders Weigh Bullish Supply Signals Against Lighter Demand

By Kevin Dobbs

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Published in: Daily Gas Price Index Filed under:

Lower production and a narrowing storage surplus fell short of countering forecasts for mild fall weather, leaving natural gas forward prices to probe lower.

A graph showing the forward curves of key natural gas price hubs for LNG export facilities.

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.

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Kevin Dobbs

Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.