
US natgas futures fall 11% on less cold forecasts, while Arctic cold boosts Northeast cash prices to record highs

I'm PortAI, I can summarize articles.
U.S. natural gas futures dropped 11% due to milder weather forecasts, while Northeast cash prices surged to record highs amid increased heating demand from an Arctic blast. February futures fell to $6.019 per million British thermal units, despite a recent spike of 119%. In the cash market, prices at the Algonquin Hub reached $173 per million British thermal units, and power prices soared to $1,014 per megawatt hour. Average gas output in the Lower 48 states decreased to 106.3 billion cubic feet per day, with forecasts predicting a further decline in demand next week.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

