Warm weather and stout supplies kept North American natural gas futures prices in check and below $3.00/MMBtu for yet another week.

The January natural gas futures contract stumbled on its first day as the front-month Wednesday, settling at $2.804/MMBtu, down 3.3 cents day/day. February fell 2.9 cents to $2.769. On Thursday, January slipped to $2.802/MMBtu and February fell to $2.763.

NatGasWeather said the low prices were “primarily attributed to a much warmer versus normal U.S. pattern for the first half of December.”

U.S. production also continues its tremendous run, topping 106 Bcf/d three times over the past week.  

South Texas Feeding Mexico

Over the past 10 days through Thursday, Mexico pipeline imports of U.S. gas averaged 6.19 Bcf/d, according to NGI...