Natural gas forward prices retreated through the Aug. 10-16 period as long-range forecasts point to a cooler end to the month with an increase in tropical activity. Strong production levels outside of maintenance, lagging LNG demand and robust underground stocks also weighed on the market, sending September forward prices down an average 25.0 cents, according to NGI’s Forward Look.

Prices were mixed further out the curve, with some upside risk priced into the Northeast and Appalachia markets. On average, the winter 2023-2024 strip (November-March) fell an average 6.0 cents, and the summer 2024 strip (April-October) decreased an average of 2.0 cents.

West Coast markets continued to stand out from the crowd, recording sharp declines across the forward curve. The steep plunge was...