Modest strengthening in the late-winter, weather-driven demand outlook and lagging production helped drive widespread gains for natural gas forwards during the March 10-16 trading period, NGI’s Forward Look data show. 

Week/week gains of around 10-25 cents characterized price action at most Lower 48 hubs, paced by a 22.2-cent gain for fixed price April trading at benchmark Henry Hub, where prices ended the period at $4.749/MMBtu.

In terms of incremental basis shifts, most hubs lost ground on the national benchmark amid encroaching shoulder season conditions. A handful of demand hubs posted double-digit basis declines. 

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