• Moderate weather is projected for the nation through the middle of December. The longer-term forecast does not project colder-than-normal weather for the Continental U.S.
  • The week ending 11/24 saw a late-season injection which has occurred before but is still unusual. The surplus relative to the five-year average has grown through the month depressing natural gas prices.
  • Natural gas commodities' record levels of production are occurring without the heating demand needed to absorb the increase, which has increased storage and depressed prices.