Weather

6-10 Day Outlook For Sep 23 - 27 2026 map

8-14 Day Outlook For Sep 25 - Oct 01, 2026 map

Gas-weighted HDD, next 7 days: 18 total (1, 2, 2, 2, 4, 4, 3)

Pop-weighted CDD, next 7 days: 49 total (9, 8, 8, 7, 6, 6, 5)

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

Natural gas

Henry Hub front month $2.90 (+0.3%, 0.2σ)

Front/second (V26/X26): -0.138 - contango

Widow-maker H27/J27: +0.109 (H 2.834 / J 2.725)

Storage 3298 Bcf (+44 w/w, +79 vs 5-yr, -125 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)

Baker Hughes rig count: no free source (published as web XLSX, fetch not wired yet)

Power

ERCOT North DA $43.55 (prev $37.74) - heat rate 15.0 (prev 13.1) - spark $21.79 (prev $16.06)

PJM West DA $155.23 (prev $106.83) - heat rate 53.5 (prev 37.0) - spark $133.48 (prev $85.15)

CAISO SP15 DA $36.18 (prev $41.88) - heat rate 12.5 (prev 14.5) - spark $14.42 (prev $20.20)

Global gas & carbon

TTF €76.35/MWh (~$25.68/MMBtu) -2.2%

JKM $26.75/MMBtu -1.7%

Cargo arb JKM−HH: $23.85/MMBtu; TTF−HH $22.78

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

Crude

WTI $101.91 (-0.5%, 0.2σ)

Brent $104.82 (-1.0%, 0.4σ)

Energy equities

KMI $31.31 (+1.9%, 1.3σ)

Google capex signal (capex)

NVDA $219.34 (+2.5%, 0.9σ)

LNG $269.85 (+0.8%, 0.4σ)

EQT $50.35 (-0.1%, 0.1σ)

Quiet: VST +2.3% · TLN +2.0% · WMB +1.3% · CEG +1.3% · NRG -1.1% · RRC +0.6% · DVN +0.6% · AR -0.3%

Friday recall

Close the email and answer out loud. Answers at the very bottom.

1. Where did Henry Hub close each day this week?
2. What's the widow-maker (Mar/Apr) spread into the weekend?
3. Where did SP15 day-ahead print this week?
4. What was Thursday's storage number vs. the 5-year?