Natural gas futures pushed ahead on Monday amid expectations for a seasonally modest storage injection and lower production that offset mild spring weather.

At A Glance:

  • Production holds below 100 Bcf/d
  • Forecasts call for benign weather
  • NGI models 14 Bcf storage increase

Coming off a modest 1.1-cent gain on Friday, the May Nymex gas futures contract gained another 5.9 cents and settled at $1.844/MMBtu.

NGI’s Spot Gas National Avg. ticked up 2.5 cents to $1.275.

[Mexico Matters: Cross-border energy trade between the U.S. and Mexico reached $82 billion last year. Understand this burgeoning trade flow — the projects, politics and natural gas prices — with NGI’s Mexico Gas Price Index. Know more.]

Production hovered close to 99 Bcf/d on Monday, down 1 Bcf/d from the...