Commodities
Southeast Heat Cools as Bidweek Approaches
Natural gas spot prices in the Southeast set a stage for October's bidweek as heat wanes.
The region's premiums were strong, but fading temperatures may make it difficult to sustain September's record price strength.
The Southern Natural bidweek-spot gap hit a record high, and forward curve points higher for October. The Southeast spot premiums are outrunning the bidweek prices, raising questions about the region's ability to support its current price level.