Total US consumption of natural gas fell by 2%. Consumption for power generation declined by 4% week/week, industrial sector consumption dropped by 1%, residential-commercial consumption decreased by 2%, and exports to Mexico dropped by 3%.
The March 2019 NYMEX contract price increased $0.06 (2.4%) from $2.575/MMBtu to $2.636/MMBtu last Wednesday. The 12-month strip price averaging March 2019 through February 2020 futures contracts increased $0.03/MMBtu (0.5%) to $2.826/MMBtu.
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