Natural Gas Forward Curve Steady as Market Awaits Bigger Changes in Supply/Demand

摘要

Natural gas forward prices continued to tread water during the May 28-June 3 period, rising only a few pennies on average across the curve as summer heat started to build across the United States. Scorching temperatures in California and the Desert Southwest led to larger gains in those regions and ultimately helped lift July prices by an average 3.0 cents, while the rest of the curve was up about 2.0 cents on average through the summer 2021 strip, NGI’s Forward Look data show.