• Nymex futures heading for negative session on return from three-day weekend amid weak heating demand outlook through early March
  • March Nymex contract off 3.2 cents to $1.577/MMBtu as of 2:35 p.m. ET; steeper losses observed for 2024 injection season contracts
  • Euro model seeing highs of 40s and 50s for Midwest and Northeast next week, according to NatGasWeather
  • NGI modeling 65 Bcf storage pull for week ended Feb. 16, versus 168 five-year average withdrawal
  • Production at 104.0 Bcf/d in latest Wood Mackenzie estimates, lower versus recent seven-day average 104.8 Bcf/d
  • Per EBW Analytics Group’s Eli Rubin: “Glimmers of hope due to weekend natural gas production down 0.5-1.0 Bcf/d may provide fundamental cover for technical support to yield a short-term bottom”
  • Mild weather also driving...