Storage

Production Surge Keeping Natural Gas Futures Bears in Control; Spot Prices Pull Back

Bears tightened their grip on the natural gas futures market Tuesday, sending prices lower as production continues to overshadow summer heat and storage deficits. Spot prices backed off Monday’s gains, including sharp declines in California and the Northeast coinciding with forecasts for less intense heat; the NGI National Spot Gas Average dropped 8 cents to $2.66/MMBtu. Read More

Natural Gas Futures Slide Despite Heat as SoCal Citygate Spot Prices Soar

Natural gas futures slid Thursday as production concerns and some anticipated cooling in the Northeast sent prices lower, despite a generally bullish forecast for the next two weeks. In the spot market, projected triple-digit heat sent SoCal Citygate prices spiking, while East Coast points fell on cooler temperatures ahead; the NGI National Spot Gas Average added 2 cents to $2.72/MMBtu. Read More