• Temperatures in many parts of the Lower 48 are expected to cool down in the coming week
  • Hurricane Isaias could further weaken energy demand
  • Continued spread of the coronavirus dampened sources of demand outside of weather

 

September natural gas futures on Friday declined for a second day in a row as summer heat was forecast to fade, a new hurricane raced toward Florida and coronavirus-induced economic concerns weighed on markets.

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The September Nymex contract shed 3.0 cents day/day and settled at $1.799/MMBtu. October fell 3.4 cents to $1.957.

NGI’s Spot Gas National Avg. dropped 14.0 cents to $1.590.

Bespoke Weather Services expected temperatures in many parts of the country to cool down over the coming week, including in the Midwest and East, with thunderstorms in...