Physical natural gas for Thursday delivery and futures raced each other lower by double digits Wednesday as traders had to digest ongoing warmth and a stiff commensurate loss in heating load. In physical trading all points but one suffered declines with California, West Texas and Appalachia falling by double digits. The NGI National Spot Gas Average dropped 7 cents to $2.59.
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Weather Models Cooling; November Called 6 Cents Higher
November natural gas is set to open 6 cents higher Tuesday morning at $3.01 as weather models insert cooler temperatures in the latter stages of the near-term forecast. Overnight oil markets rose.
October 17, 2017
NatGas Cash Drops A Penny, Futures Rise 2 Cents In Slow Trading
It was a contest Tuesday to see whether natural gas cash or futures would take the crown of most lethargic. Declines in Appalachia, the Northeast, and California were met head on with firm pricing in Texas, Louisiana, and steady quotes in the Midwest and Midcontinent. The NGI National Spot Gas Average fell a penny to $2.66.
October 17, 2017
Weather Bears Stirring; November Called 8 Cents Lower
November natural gas is expected to open 8 cents lower Monday morning at $2.92 as overnight weather models called for decreased heating load. Overnight oil markets rose.
October 16, 2017
California NatGas Cash Jumps Over $2, But Futures Glide Lower; November Loses A Nickel
Physical natural gas for Tuesday delivery soared as outage-driven strength in California along with robust gains in Appalachia and the Northeast were more than enough to counter broad weakness in Texas and Louisiana. The NGI National Spot Gas Average jumped 11 cents to $2.67 with plus-$2 advances at SoCal Citygate leading the charge higher.
October 16, 2017
Forecasts Remain Mild, Yet November Seen 3 Cents Higher
November natural gas is set to open 3 cents higher Friday morning at $3.02 as weather forecasts retain their overall theme of warmth with only minor changes. Overnight oil markets surged.
October 13, 2017
Weekend NatGas Cash Edges Up A Bit; November Adds A Penny
Natural gas for weekend and Monday delivery rose in Friday’s trading, with gains across a broad front, including New England, the Midwest, Midcontinent, Rockies and California, just able to offset weakness in the Mid-Atlantic. The NGI National Spot Gas Average gained a penny to $2.56.
October 13, 2017
Weekly NatGas Cash Bounces Back, But Futures Post Greater Gains
In spite of a continued loss of seasonal heating load in key eastern markets, weekly natural gas prices managed nearly a dime gain overall. Breaking a string of two consecutive weekly setbacks, theNGIWeekly Spot Gas Average added 8 cents to $2.57. Gains were not great, typically a nickel to a dime, and all regions advanced.
October 13, 2017
Market Makes Counterintuitive Move Post EIA Stats
November futures made an unusual move Thursday following a report by the Energy Information Administration (EIA) showing a storage injection that was greater than traders were expecting.
October 12, 2017
Increased Production Balancing Market, Analyst Says; November Called 4 Cents Higher
November natural gas is expected to open 4 cents higher Thursday morning at $2.93 as overnight weather models hint at cooler temperatures late in the forecast period. Overnight oil markets retreated.
October 12, 2017