NatGas Rises As Forecasts Signal Looming "Arctic Blast"
Natural gas futures climbed on Wednesday morning as cooler weather forecasts across the Lower 48 pointed to stronger heating demand next week and as LNG exports from Gulf states reduced supplies available to the domestic market.
NatGas futs rose 5.3 cents, or 1.7%, to $3.167 per million British thermal units on the New York Mercantile Exchange in the early US cash session.
Forecasts shifted toward cooler conditions across the northern half of the US. Average temps across the Lower 48 are expected to drop below 30-year seasonal norms next Wednesday. Unseasonably cool temperatures could linger through the 19th before returning to normal.
The shift could lift consumption in regions where heating demand typically begins earlier.
"Looking for a shift to a cooler-than-normal pattern across the South? I’m eyeing the week of October 19 for temperatures to finally dip below seasonal norms," WTVY Chief Meteorologist David Paul wrote on social media.
Paul said, "The ECMWF model weeklies have been doing a pretty good job. Here’s the outlook for October 19-25."
The latest cost of a cord of wood in the tri-state area (data via Angi):
The question is whether a strong El Niño will bring warmer-than-usual temperatures to parts of the Lower 48 ...
... or whether this is a taste of a severe winter.
Tyler Durden Wed, 10/07/2026 - 13:40
Continue reading...
[ H/T ZeroHedge ]
Natural gas futures climbed on Wednesday morning as cooler weather forecasts across the Lower 48 pointed to stronger heating demand next week and as LNG exports from Gulf states reduced supplies available to the domestic market.
NatGas futs rose 5.3 cents, or 1.7%, to $3.167 per million British thermal units on the New York Mercantile Exchange in the early US cash session.
Forecasts shifted toward cooler conditions across the northern half of the US. Average temps across the Lower 48 are expected to drop below 30-year seasonal norms next Wednesday. Unseasonably cool temperatures could linger through the 19th before returning to normal.
The shift could lift consumption in regions where heating demand typically begins earlier.
"Looking for a shift to a cooler-than-normal pattern across the South? I’m eyeing the week of October 19 for temperatures to finally dip below seasonal norms," WTVY Chief Meteorologist David Paul wrote on social media.
Paul said, "The ECMWF model weeklies have been doing a pretty good job. Here’s the outlook for October 19-25."
The latest cost of a cord of wood in the tri-state area (data via Angi):
The question is whether a strong El Niño will bring warmer-than-usual temperatures to parts of the Lower 48 ...
... or whether this is a taste of a severe winter.
Tyler Durden Wed, 10/07/2026 - 13:40
Continue reading...
[ H/T ZeroHedge ]
