Climate Adaptation
Another Warm Winter Set to Weaken Natural Gas Prices
Natural gas futures are already weakening as winter’s seen being warmer than normal
New York’s Central Park last January. Forecasts point to warmer than normal weather across much of the U.S. in coming months, reflecting long-term trends toward milder winters.
Photographer: Andrew Lichtenstein/Corbis/Getty ImagesThis article is for subscribers only.
It’s shaping up to be another warm winter, which could be bad news for natural gas prices.
A collection of long-range government and commercial forecasts all point to the southern and eastern U.S. being warmer than normal through December, January, and February. Northern Europe will likely have milder temperatures too.