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Winter natural gas forward prices rose about 10 cents on average for November through March during Oct. 1-7, driven by forecasts of tighter supply and demand.
Hurricane Delta moved into the Gulf of Mexico, prompting Cameron LNG to shut operations, after LNG demand had begun recovering.
A hurricane-driven LNG outage removes export demand and tightens the winter outlook for U.S. gas. Higher gas prices raise nitrogen fertilizer and energy costs for grain and feed producers.
naturalgasintel.comLeticia GonzalesOct 9, 2020After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
