Weather

6-10 Day Outlook For Sep 21 - 25 2026 map

8-14 Day Outlook For Sep 23 - 29 2026 map

Gas-weighted HDD, next 7 days: 6 total (1, 0, 1, 1, 1, 1, 1)

Pop-weighted CDD, next 7 days: 57 total (9, 10, 9, 8, 8, 7, 6)

HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)

Natural gas

Henry Hub front month $2.92 (+0.8%, 0.4σ)

↳ Western natural gas spot prices are treading lightly as traders await storage data shifts, with Henry Hub front month rising 0.8% on modest demand signals.

Front/second (V26/X26): -0.131 - contango

Widow-maker H27/J27: +0.121 (H 2.881 / J 2.760)

Storage 3254 Bcf (+40 w/w, +114 vs 5-yr, -79 vs yr-ago)

Production (marketed, monthly proxy 2026-06): 123.6 Bcf/d, +4.6% y/y

Regional basis (Waha, Algonquin, SoCal, TZ6, AECO): no free source (no free daily marks)

LNG feedgas noms (Sabine, Corpus, Freeport, Plaquemines): no free source (pipeline EBB data is paid)

Power burn (daily): no free source (weekly/monthly only)

Power

ERCOT North DA $27.89 (prev $29.30) - heat rate 9.6 (prev 10.1) - spark $6.00 (prev $7.58)

PJM West DA $58.67 (prev $53.13) - heat rate 20.1 (prev 18.3) - spark $36.78 (prev $31.41)

CAISO SP15 DA $40.67 (prev $36.51) - heat rate 13.9 (prev 12.6) - spark $18.78 (prev $14.79)

Global gas & carbon

TTF €80.06/MWh (~$27.07/MMBtu) -3.0%

JKM $25.21/MMBtu +0.6%

Cargo arb JKM−HH: $22.29/MMBtu; TTF−HH $24.15

CCA / RGGI allowances: no free source (no free daily marks)

Crude

WTI $105.83 (+4.4%, 1.8σ)

Brent $108.75 (+2.9%, 1.2σ)

Energy equities

DVN $51.33 (+3.9%, 2.5σ)

↳ Devon Energy gained 3.9% following announcement of the Solitude Pipeline to the Permian and positive Q2 earnings reviews, combined with institutional buying interest.

CEG $259.89 (-1.8%, 0.7σ)

↳ Constellation Energy declined 1.8% despite completion of a $715 million power deal with Shell, suggesting the market may have already priced in expansion benefits.

LNG $270.98 (-1.2%, 0.6σ)

↳ Cheniere Energy fell 1.2% despite completing the Corpus Christi liquefaction Stage 3 project and becoming the second-largest U.S. LNG facility, with mixed institutional activity.

KMI $30.77 (-0.6%, 0.4σ)

↳ Kinder Morgan edged down 0.6% despite an analyst target hike and strong cash flow commentary, though pipeline construction damage claims may weigh on sentiment.

NVDA $212.17 (+0.6%, 0.2σ)

↳ Nvidia gained 0.6% following announcement of an energy alliance with Google to manage AI data center power demand, addressing grid sustainability concerns.

Quiet: RRC +2.5% · AR +1.9% · NRG -2.3% · TLN -1.5% · VST +0.6% · WMB -0.4% · EQT -0.2%