Natural Gas Shortage Fears Buoy US Market as Winter Reserves Lag
- ‘Widowmaker’ spread is signaling end-of-winter tightness
- European buyers paying top dollar may outcompete US traders
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Natural gas prices are flirting with levels not seen in the US in almost 15 years amid mounting concerns that robust domestic and overseas demand for the fuel will siphon off supplies that otherwise would be stowed for winter.
So much North American gas is feeding power plants to run air conditioners that stockpiles relied upon during the coldest months to augment pipelined supplies are still more than 10% below normal levels.