Monday, April 22, 2024

Delicate Climate and Ample Provide Drive Pure Fuel Forwards Decrease

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With the market awash in provide and observing bearish forecast maps stretching deep into November, regional pure gasoline forwards bought off sharply throughout the winter strip in the course of the Nov. 2-7 buying and selling interval, NGI’s Ahead Look information present.

Mexico S/D and Prices

At A Look:

  • Immediate month holds above $3.000
  • Deliberate outage delays EIA print
  • Output presses pedal once more to 105 Bcf/d

Henry Hub fastened costs noticed deep reductions week/week, with December dropping 35.5 cents to $3.144/MMBtu. January, February and March on the benchmark every noticed fastened value reductions of round 7% for the interval.

Foundation shifts week/week confirmed steeper declines at elevated New England hubs amid easing winter dangers, notably on the entrance of the curve. Iroquois Zone 2 December foundation tumbled $1.189 to complete at plus-$2.854.

[© 2023 Natural Gas Intelligence. All rights reserved.

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