Though late-season cold was boosting heating demand across most of the Lower 48, natural gas forward prices continued to decline during the March 9-15 period, according to NGI’s Forward Look.

In a sign that the chilly weather arrived too little too late, fixed price decreases averaged 11.0 cents for the April contract, Forward Look data showed. This was on top of double-digit losses the prior week.

The summer strip (April-October) – heavily influenced by plump, well above-average storage inventories along with robust production – averaged 14.0 cents lower through the period. The winter 2023-2024 strip lost an average 20.0 cents.

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