• The short-term weather outlook calls for colder-than-normal weather into early December. The longer-term outlook for Dec-Feb continues to call for warmer than normal weather.
  • The week ending 11/15 marked the first withdrawal of the season. The market had expected a small injection so it will be important to see if the next withdrawal is larger than expected.
  • The change in the weather outlook caused the 12-month average natural gas price to gain $.13/MMBtu this past week.
  • New England wholesale basis prices gained $.72/MMBtu on higher European LNG prices.