A quiet Friday to end the week. The March front month contract hasn’t seen any crazy movements the past few days (probably partly due to the lack of tariff news). Today, the price decreased about 8 cents from $3.38 US/mm to $3.30.

However, there has been a shift in February’s forecast expectations. Looks like it will get colder than normal through to the end of the month. Not to the same degree as January’s cold snap, but enough that there will be significant heating demand. LSEG is estimating that demand could hit 124.3 Bcf/d this week, and hover just above 133 Bcf/d for the next weeks.

Have a great weekend!