• Natural gas futures headed for large sell-off Friday as midweek rally fizzles on blowtorch temps
  • March Nymex contract down 12.7 cents to $1.605/MMBtu as of 2:20 p.m. ET, near pre-rally levels prior to Chesapeake Energy Corp. releasing production guidance
  • Heating demand over next 15 days “would rank among some of the warmest late February and early March periods dating back to 1950,” Maxar meteorologist Brad Harvey said during a briefing on Enelyst Friday
  • Per Harvey: “The warmest lows early next week are more akin to mid-May than late February”
  • Cash prices tumble for weekend and Monday delivery aside from gains in Northeast and Appalachia, NGI’s MidDay Price Alert shows
  • Henry Hub slides to $1.520, off 8.5 cents day/day and discounted roughly 8.0 cents versus Nymex front...