Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices.

Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West Texas pricing persisting.

Front month fixed prices at benchmark Henry Hub fell 5.3 cents for the period to end at $1.714. 

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In line with recent natural gas spot pricing in West Texas, Waha and El Paso Permian fixed prices for...