Natural gas futures for this winter have dropped more than 38% since late October. The drop in January 2022 through March 2022 futures (from $6.05 to $3.71 per dekatherm) is primarily based on warmer-than-normal forecasts for December, coupled with slight production increases.
OMA energy partner Scioto Energy reports that exports of liquified natural gas continue to break records as global inventories are below normal. However, the warmer temperatures have eased much of the panic regarding winter demand for the U.S. Storage inventories are at the five-year average and production is creeping up by 1 to 2 billion cubic feet per day — good news for natural gas customers. 12/9/2021