• Natural gas futures retreating through midday trading as expanding storage surplus outweighing cooler temperatures into late March
  • April Nymex contract off 3.6 cents to $1.769/MMBtu as of 2:10 p.m. ET; May down 5.0 cents to $1.873
  • Lower 48 storage surplus versus five-year average poised to pass 600 Bcf; NGI modeling 3 Bcf withdrawal for week ended March 8, versus 87 Bcf five-year average pull 
  • Near-term warmth seen giving way to “colder variability” in eastern half of Lower 48 during six- to 10-day period, per Maxar meteorologist Brad Harvey
  • “A pattern change occurs next week as ridging builds up into Alaska, promoting a trough downstream across the eastern half,” resulting in below normal temperatures, Harvey said on Enelyst
  • Flows to Freeport LNG down since late last week, according...