Natural Gas Collapses Below Three Dollars as Warm Forecasts Erase Winter Risk

The Widowmaker Collapse

The March-April 'widowmaker' spread has completely inverted as traders scramble to sell remaining winter long positions. The sudden removal of nearly 80 Heating Degree Days (HDDs) from the forecast has left the market in a massive surplus.

LNG Feedgas Records

Despite the price crash, US LNG export demand remains at a record 18.2 Bcf/d. This structural pull from international markets is the only factor preventing a move toward the sub-$2 range seen during similar weather anomalies in previous years.