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A solidly bearish weather outlook sent natural gas forward prices tumbling from April 11-16 as the mild spring setup was expected to significantly improve storage inventories in the weeks ahead, potentially leading to a year/year surplus in stocks. May forward prices dropped an average 11 cents, while June and the balance of summer (May-October) slid a dime on average, according to NGI’s Forward Look.

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More in Shale Daily
The U.S. rig count fell 10 units to 1,012 during the holiday-shortened week ended April 18, including declines in Louisiana, Oklahoma, Texas and Wyoming, according to data from Baker Hughes, a GE Company. Read More
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Mexico Gas Price Index
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column as part of a regular series on understanding this process, written by Eduardo Prud’homme. This is the fifth in the series. Read More
Charts of the Week
Twenty-five leading natural gas marketers added another 8.04 Bcf/d (7%) to their total sales volumes...
Editors Picks
It was a month of extremes for natural gas markets in November, featuring surging futures and negative spot trades in West Texas as early heating...
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