With the market awash in supply and staring at bearish forecast maps stretching deep into November, regional natural gas forwards sold off sharply across the winter strip during the Nov. 2-7 trading period, NGI’s Forward Look data show.

Mexico S/D and Prices

At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

Henry Hub fixed prices saw deep discounts week/week, with December dropping 35.5 cents to $3.144/MMBtu. January, February and March at the benchmark each saw fixed price discounts of around 7% for the period.

Basis shifts week/week showed steeper declines at elevated New England hubs amid easing winter risks, particularly at the front of the curve. Iroquois Zone 2 December basis tumbled $1.189 to finish at plus-$2.854.

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