Bearish January Forecasts Sink Natural Gas Below $3 to Start 2019

  • February Nymex futures settle at $2.958, up 1.8 cents; March down 2.2 cents to $2.829
  • More cold needed in long-range to hold support at $2.92: Bespoke
  • “Risks of severe price spikes have been largely eliminated,” says EBW’s Weissman
  • NatGas to see more volatility in 2019 as shifts in electric generation mean heightened weather sensitivity, says RBN’s Braziel
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NGI’s Top Five Mexico Natural Gas Trends in 2018

2018 was a momentous year for Mexico’s energy sector, and could very well define hydrocarbon production and distribution in the country for the foreseeable future. Although there is much to pick from, NGI’s Mexico GPI has narrowed down the major Mexican natural gas trends for 2018 to five: Read More

January Natural Gas Expires Sharply Higher Despite Lack of Fundamental Support; Spot Gas Rises in Texas

  • Expiring Nymex January natural gas futures contract shuns weather, shoots nearly 10 cents higher as it rolls off board
  • Lack of supportive weather could leave February contract struggling to maintain gains
  • Spot gas prices in Texas rise even as exports to Mexico ease during holiday season
  • BREAKING: EIA reports a 48 Bcf storage withdrawal for the week ending Dec. 21
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January Natural Gas Rises in Erratic Post-Christmas Session; Spot Gas Slides

  • January natural gas continues wild intraday swings before settling more than nickel higher
  • Cold risks expected to gradually increase through January before peaking in February
  • Energy Information Administration set to release storage report on Friday due to Christmas holiday; deficits expected to improve next couple of weeks
  • West spot gas prices surge; most other markets continue to drop in light holiday week
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Futures Rally to Cap Off Wild Week for Natural Gas; Cash Down Ahead of Weekend

  • January Nymex up 23.3 cents to $3.816; February up 22.4 cents to $3.750
  • “Most of the data sees mild conditions returning across the eastern half of the country Jan. 4-7, but that’s not guaranteed,” says NatGasWeather
  • EIA-reported 141 Bcf withdrawal implies market 3.4 Bcf/d looser year/year weather-adjusted: Raymond James
  • More NGPL maintenance could impact Permian flows: Genscape
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Whipsaw Trading Action Ends with Natural Gas Futures Lower as Market Mulls Storage, Weather

  • January Nymex settles 14.3 cents lower at $3.583; February settles at $3.526, down 12.7 cents
  • “The gas market continues to overreact in both directions to varied weather model guidance,” says Bespoke
  • Crude futures continue to slide amid broader economic concerns
  • El Paso’s Permian North expansion adding 182 MMcf/d of incremental capacity since Dec. 5: Genscape
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Natural Gas Futures Fall Through Chimney as Volatility Continues; Spot Gas Eases

  • Intraday volatility still high even as January natural gas tumbles again
  • 2019 production growth could slow as economic concerns and low oil prices lead to slower drilling activity
  • Spot gas prices slide again as demand remains soft ahead of two-week holiday break
  • BREAKING: EIA reports a 141 Bcf storage withdrawal for the week ending Dec. 14
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