Story of the day
Natural Gas Futures Stage Late Advance as Market Digests Slightly Bullish Storage Pull
Markets
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, 2024Markets
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, 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, 2024Natural Gas Prices
E&Ps ‘Keeping Powder Dry’ Amid Low Natural Gas Prices, LNG Uncertainty, Says Dallas Fed
Weak natural gas prices are weighing on the minds of oil and gas executives, but the outlook is not all bearish, according to a new survey by the Federal Reserve Bank of Dallas, aka the Dallas Fed. “Natural gas is currently pricing at or below costs of production,” said one respondent from an exploration and…
March 28, 2024Energy Transition
Tudor Champions Houston to Lead Charge for Decarbonizing Oil, Natural Gas
Houston, the nation’s fourth largest city and one that built its fortune in oil, natural gas and petrochemicals, is now a mecca for entrepreneurs out to make the next great no-carbon technology. The city remains the place to forge oil and gas deals, as thousands of energy companies, large and small, have their headquarters in…
March 28, 2024Infrastructure
U.S. Residential, Commercial Demand for Natural Gas Rising, Says AGA’s Harbert
Think U.S. natural gas consumption is declining? Think again. In some parts of the country, efforts to stem the growth of natural gas have gone askew, a signal that the future of the abundant, low-carbon fuel may not be in jeopardy. The fact is, consumers like natural gas, American Gas Association (AGA) CEO Karen Harbert…
March 28, 2024Natural Gas Prices
Attack on Ukrainian Storage Site Pushes European Natural Gas Prices Higher
Ukrainian natural gas storage operator Ukrtransgaz JSC said a Russian attack on its infrastructure caused no major damage, but withdrawal capacities at the facility would be limited until repairs are completed. Natural gas withdrawals were halted after the strike on Sunday (March 24). However, the company was able to compensate for the limited withdrawals with…
March 28, 2024E&P
U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show
The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…
March 28, 2024LNG
Japan’s Low LNG Inventories Could Spur Spot Buying – Three Things to Know About the LNG Market
NO. 1: Japan’s LNG inventories have hit the lowest level in years. Stocks fell 5% week-over-week on March 24 to 1.52 million tons (Mt), according to the Ministry of Economy, Trade and Industry. Stockpiles are below the five-year average of 2.14 Mt. Jera Co. Inc. was reportedly implementing planned outages at four gas-fired power plants…
March 28, 2024Recent News
Natural Gas Prices
Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight
Mar 28, 2024Markets
Natural Gas Futures Gains Diminished as EIA Reports Storage Draw Above Expectations
Mar 28, 2024Natural Gas Prices
Attack on Ukrainian Storage Site Pushes European Natural Gas Prices Higher
Mar 28, 2024Energy Transition
Tudor Champions Houston to Lead Charge for Decarbonizing Oil, Natural Gas
Mar 28, 2024Infrastructure
U.S. Residential, Commercial Demand for Natural Gas Rising, Says AGA’s Harbert
Mar 28, 2024Natural Gas Prices
E&Ps ‘Keeping Powder Dry’ Amid Low Natural Gas Prices, LNG Uncertainty, Says Dallas Fed
Mar 28, 2024Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Markets
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, 2024Markets
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
March 28, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Natural 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 Futures Gains Diminished as EIA Reports Storage Draw Above Expectations
March 28, 2024Mexico
Mexico Presidential Frontrunner Sheinbaum Promises Dominant CFE, Pemex if Elected
March 27, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
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
March 28, 2024Natural Gas Prices