Natural gas forward prices were generally higher during the Oct. 8-14 period, supported by lower production and chilly weather forecasts for some parts of the country later this month. However, the markets also faced some headwinds, namely another setback in the full recovery of Gulf Coast exports and weak demand in key Lower 48 regions.

Sumas Natural gas prices

November forward prices ultimately averaged only 2.0 cents higher for the six-day period, while the winter strip (November-March) climbed an average 4.0 cents, according to NGI’s Forward Look. Gains were more pronounced for next summer (April-October) at an average 10.0 cents. The sharp rise for the summer was attributed to projections of a steep drawdown in storage this winter that would necessitate a massive rebuild during the next injection...