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U.S. Residential, Commercial Demand for Natural Gas Rising, Says AGA’s Harbert
Markets
Weekly Natural Gas Spot Prices, Futures Flounder Amid Mild Weather Outlook, West Texas Weakness
Weekly natural gas cash prices gave up modest ground despite a dose of chilly temperatures and lighter production readings to launch into the spring season. In a Good Friday holiday-abbreviated week, NGI’s Weekly Spot Gas National Avg. for the March 25-27 trading period shed 5.5 cents to $1.300/MMBtu. Gas during the period was to flow…
March 28, 2024Markets
Natural Gas Futures Stage Late Advance as Market Digests Slightly Bullish Storage Pull
May Nymex natural gas futures settled 4.5 cents higher Thursday, rallying late as traders considered the implications of a larger-than-anticipated storage withdrawal. At A Glance: May futures up 4.5 cents Storage down 36 Bcf Cash trades for Monday The front-month contract closed the session at $1.763/MMBtu, slipping from a $1.786 intraday high and off the…
March 28, 2024Natural Gas Prices
Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight
North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…
March 28, 2024Markets
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…
March 28, 2024Trending News
Natural Gas Prices