Regional natural gas forwards eased lower during the Oct. 19-25 trading period as market participants continued to price in a comfortable winter supply outlook amid still-elevated production readings and an ample storage buffer.

Fixed prices at Henry Hub shed 4.8 cents for November and 8.6 cents for December, ending at $3.011/MMBtu and $3.382, respectively, according to NGI’s Forward Look. Modest front-month fixed price discounts were the norm for most Lower 48 hubs.

Elevated New England basis premiums conceded ground during the period. Downward pressure on regional December pricing shed some light on the market’s thinking around early winter risks. December basis at Algonquin Citygate narrowed to plus-$5.214, a 55.0-cent slide week/week.

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