Regional natural gas forward prices came under bearish pressure across the curve during the Jan. 25-31 trading period as recovering production volumes and blowtorch winter temperatures foreshadowed excess supply heading into the upcoming injection season.

Henry Hub fixed prices shed 16.0 cents for March delivery, ending the period at $2.112/MMBtu, NGI’s Forward Look data show. In turn, numerous Lower 48 hubs posted March fixed price discounts of around 15-20 cents week/week.

Mixed Near-Month Moves

Price action for the period was a bit more mixed for February delivery. 

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