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Natural Gas Market Talk | 10.18.2024

Winter natural gas plunges to new lows ahead of an expected mild finish to October.

The natural gas market posted its third straight week of losses as traders focused on exceptionally warm forecasts for the last two weeks of October and recent increases in domestic production. Winter 2024/25 finished the week at a three-year low and is down by nearly 20% from its high traded just two weeks ago. LNG export demand is ramping up, with Cove Point exiting maintenance and Sabine Pass increasing feedgas.

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