Pretty bland week for NYMEX prices, futures having held more or less at where they settled after Tuesday’s sell off, and the same pattern for cash prices at Dawn. With strong production, mild temperatures, and limited operational flow constraints, the market has been stable and is balancing out.

Interestingly, Union Gas has switched from heavy withdrawals in early February to net injections at Dawn this week, the mild temperatures surely playing a big role, but also since in February they require Dawn end-users to bring in extra gas into storage in case consumption has been too heavy during the winter months. If this is you, you may have played a part in this reversal! With some cold on the way for Ontario early next week, the withdrawals will likely be back.

NOAA updated their 3-month Seasonal Temperature Outlook yesterday, they’re expecting Normal temperatures to be likely for the Northeast over the remainder of winter and early spring.