LNG -1.7% (0.9σ) | HH $2.91 | 7 others
Weather
6-10 Day Outlook For Sep 09 - 13 2026 map
8-14 Day Outlook For Sep 11 - 17 2026 map
Gas-weighted HDD, next 7 days: 3 total (1, 0, 1, 1, 0, 0, 0)
Pop-weighted CDD, next 7 days: 75 total (13, 11, 9, 9, 10, 11, 12)
HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)
Natural gas
Henry Hub front month $2.91 (-1.5%, 0.7σ)
↳ Henry Hub declined 1.5% despite headlines highlighting resilient summer demand and California generation increases, suggesting supply or macro factors may be offsetting bullish demand signals.
Front/second (V26/X26): -0.124 - contango
Widow-maker H27/J27: +0.141 (H 2.905 / J 2.764)
Storage 3214 Bcf (+30 w/w, +139 vs 5-yr, -48 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 $35.18 (prev $36.90) - heat rate 12.1 (prev 12.5) - spark $13.34 (prev $14.73)
PJM West DA $92.04 (prev $94.26) - heat rate 31.6 (prev 31.9) - spark $70.19 (prev $72.09)
CAISO SP15 DA $29.62 (prev $33.02) - heat rate 10.2 (prev 11.2) - spark $7.77 (prev $10.85)
Global gas & carbon
TTF €71.81/MWh (~$24.47/MMBtu) -2.5%
JKM $24.09/MMBtu +1.4%
Cargo arb JKM−HH: $21.18/MMBtu; TTF−HH $21.55
CCA / RGGI allowances: no free source (no free daily marks)
Crude
WTI $91.30 (+0.3%, 0.1σ)
Brent $95.52 (-0.1%, 0.1σ)
Energy equities
LNG $290.85 (-1.7%, 0.9σ)
↳ LNG fell 1.7% as Equinor's first U.S. cargo and Cheniere analyst upgrades failed to support prices, with institutional selling activity noted in recent filings.
WMB $74.05 (-1.5%, 0.8σ)
↳ Williams Companies dropped 1.5% even as the Momentum Acquisition closure was announced to strengthen Haynesville gas reach, indicating equity dilution concerns may be weighing on the stock.
KMI $31.60 (-1.2%, 0.7σ)
↳ Kinder Morgan declined 1.2% after JPMorgan maintained a Neutral rating and adjusted its price target, despite the company presenting at the Barclays Energy-Power Conference.
NVDA $228.45 (+1.8%, 0.6σ)
↳ Nvidia rose 1.8% on data center spending projections reaching $1.3 trillion by 2027 and reports of DeepSeek's planned major Huawei chip orders for new infrastructure.
NRG $111.84 (+0.7%, 0.3σ)
↳ NRG Energy edged up 0.7% as investors revisited positive guidance and buyback plans, partially offsetting a Q2 EPS miss relative to estimates.
Quiet: CEG -1.7% · TLN +1.2% · VST +0.5% · DVN -0.5% · EQT -0.3% · RRC -0.3% · AR +0.3%
Friday recall
Close the email and answer out loud. Answers at the very bottom.
- Where did Henry Hub close each day this week?
- What's the widow-maker (Mar/Apr) spread into the weekend?
- Where did SP15 day-ahead print this week?
- What was Thursday's storage number vs. the 5-year?
- HH: Mon 2.93 Tue 2.90 Wed 2.96 Thu 2.91
- H/J: +0.141
- SP15: Mon 44.05 Tue 38.51 Wed 33.02 Thu 29.62
- Storage: +30 Bcf to 3214 (+139 vs 5-yr)