Tag: Blusters

Natural gas forward prices surged in the Jan. 9-15 trading period as a polar vortex was expected to take a huge chunk out of supply next week.

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February fixed prices gained at all North American hubs, led higher by prices in the Rockies, Northeast and California. February prices rose by an average 57.9 cents during the period, NGI’s Forward Look data show.

Northwest Sumas leapt $1.042 week/week to $5.328/MMBtu for February delivery. Transco Zone 6 non-NY added 92.2 cents to $5.429. Similar to its leading cash premiums this week, the Northeast was the most expensive on the curve, with Algonquin Citygate near Boston at $12.446 for February, up 63.8 cents week/week.

The recent cold snap sweeping across the United States has sent natural gas prices soaring as demand for heating fuels spikes. The frigid temperatures, some of the coldest seen in years, have caused the natural gas forward curve to surge as traders anticipate increased consumption.

With temperatures plunging well below freezing in many parts of the country, demand for natural gas to heat homes and businesses has skyrocketed. This increased demand has put pressure on natural gas prices, causing the forward curve to rise sharply.

Experts are predicting that this cold spell could be the coldest weather event of the decade, with some areas experiencing record-breaking low temperatures. This extreme weather has not only driven up natural gas prices but has also raised concerns about potential supply disruptions.

As the cold weather continues to grip the country, it is likely that natural gas prices will remain elevated. Traders will be closely monitoring weather forecasts and supply levels to gauge the impact on the market.

Overall, the coldest U.S. weather of the decade is having a significant impact on the natural gas forward curve, with prices spiking as demand surges. Stay tuned for updates as the situation continues to unfold.

Tags:

• Coldest U.S. Weather
• Natural Gas Forward Curve
• Weather Trends
• U.S. Weather Patterns
• Extreme Cold Front
• Winter Weather Forecast
• Natural Gas Market Analysis
• Energy Market Trends
• Climate Data Analysis
• Record-breaking Cold Snap

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