Weather

6-10 Day Outlook For Oct 26 - 30 2026 map

8-14 Day Outlook For Oct 28 - Nov 03, 2026 map

Gas-weighted HDD, next 7 days: 61 total (8, 8, 9, 10, 8, 8, 10)

Pop-weighted CDD, next 7 days: 7 total (1, 1, 1, 1, 1, 1, 1)

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

Natural gas

Henry Hub front month $2.96 (-3.1%, 0.9σ)

↳ Natural gas fell 3.1% as mild October weather forecasts reduced demand expectations, offsetting the impact of lower storage builds.

Front/second (X26/Z26): -0.338 - contango

Widow-maker H27/J27: +0.079 (H 2.617 / J 2.538)

Storage 3567 Bcf (+67 w/w, -2 vs 5-yr, -145 vs yr-ago)

Production (marketed, monthly proxy 2026-07): 125.2 Bcf/d, +5.2% 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 $26.59 (prev $22.75) - heat rate 9.0 (prev 7.4) - spark $4.37 (prev $-0.18)

PJM West DA $74.71 (prev $60.66) - heat rate 25.2 (prev 19.8) - spark $52.48 (prev $37.73)

CAISO SP15 DA $44.34 (prev $43.29) - heat rate 15.0 (prev 14.2) - spark $22.12 (prev $20.36)

Global gas & carbon

TTF €85.06/MWh (~$28.02/MMBtu) -3.4%

JKM $29.55/MMBtu -1.5%

Cargo arb JKM−HH: $26.59/MMBtu; TTF−HH $25.06

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

Crude

WTI $101.79 (-1.8%, 0.8σ)

Brent $108.79 (-0.7%, 0.3σ)

Energy equities

LNG $283.35 (-1.1%, 0.7σ)

↳ LNG declined 1.1% despite analyst upgrades to Cheniere Energy, as the company swung to a quarterly loss due to losses on Iran war-related derivative contracts.

Microsoft capex signal (capex)

↳ No energy market driver identifiable from the provided headline.

NVDA $216.47 (-0.3%, 0.2σ)

↳ Nvidia was essentially flat despite multiple headlines about accelerating data center deployment timelines and AI buildout initiatives.

Quiet: DVN -1.1% · RRC +0.9% · NRG -1.5% · CEG -1.7% · EQT +0.7% · KMI +0.5% · TLN -0.5% · VST +0.4% · WMB -0.1% · AR +0.0%