Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look.

March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve. 

With only a handful of exceptions, Lower 48 hubs shed value across the 2024 strip, illustrating the prevailing bearish sentiment as weather-driven demand has largely missed the mark this heating season.

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