Natural Gas Cash Prices Rise Amid Fall Chill And Outages
Physical natural gas prices increased broadly as a cool shot reached the Great Lakes and Northeast alongside supply outages.
Physical natural gas prices rose broadly as the season's first cool shot reached the Great Lakes and Northeast, according to NGINaturalGas. The weather demand met localized supply disruptions, including a pipeline outage that trapped Appalachian supply within the basin.
Regional Price Impacts
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The supply constraint heavily impacted regional benchmarks. The Marcellus Shale benchmark was held below $1.00/MMBtu due to the trapped regional supply, contrasting with broader upward pressure on physical cash prices driven by the seasonal temperature drop.
Key facts
- Physical natural gas prices rose broadly on Monday
- A cool seasonal shot reached the Great Lakes and Northeast
- A pipeline outage trapped Appalachian supply in the basin
- The Marcellus Shale benchmark remained below $1.00/MMBtu
Source: naturalgasintel.com
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