Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.
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Articles from Chris Newman
Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble
Weekly natural gas cash prices gained ground on the back of strong gains in West Texas in a week that was marked by stronger LNG feed gas flows and modestly higher weather-driven demand. NGI’s Weekly Spot Gas National Avg. for the April 22-26 trading period climbed 9.5 cents to $1.230/MMBtu. Among the top weekly gainers,…
May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall
Natural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations for summer’s heat to arrive. At A Glance: May Nymex rolls off board LNG exports…
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
Natural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down Following a nearly 16-cent decline, the May Nymex contract settled down 1.5 cents day/day at…
May Natural Gas Futures Shake Off Plump Build to Narrow Declines
The latest natural gas storage report by the U.S. Energy Information Administration (EIA) surprised the market with a bigger-than-expected 92 Bcf injection for the week ended April 19. Natural gas futures initially responded by trading lower before narrowing their day/day decline. The May Nymex contract was trading 3.6 cents lower day/day at around $1.617/MMBtu in…
Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders
More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday. At A Glance: Freeport LNG Train 3 trips EQT sees curtailments through May Analysts expect above-average build The May Nymex contract dove around 10.0 cents in the…
Natural Gas Futures Climb for Second Day as Maintenance Sends Output Lower
Natural gas futures finished higher Tuesday after a choppy session that began in the red, supported by a rebound in U.S. LNG exports and a blitz of pipeline maintenance that sent gas production estimates lower. At A Glance: West Texas prices flip positive MVP pipeline ready to start in May Production falls below 97 Bcf/d…
Natural Gas Futures Get Boost from Freeport Restart, Cool Weather-Driven Demand
Natural gas futures resumed their climb on Monday, buoyed by a recovery in Gulf Coast LNG feed gas demand above 12 Bcf/d and Lower 48 gas production staying subdued. A jump in Henry Hub cash prices also added support. At A Glance: NGI estimates 86 Bcf injection Freeport restarts LNG exports Production at 98.2 Bcf/d …
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line
Natural gas futures gained on Thursday, supported by colder forecasts for next week and a government inventory report that showed supplies did not grow faster than expected. At A Glance: EIA reports 50 Bcf injection Forecasts colder for next week Production at 97.8 Bcf/d Coming off two days of price volatility caused in part by…
May Natural Gas Futures Jump After Storage Print Lands Near Expectations
Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week’s bearish print, sent futures higher. Ahead of the 10:30 a.m. ET government report, May Nymex futures were trading 4.9 cents higher…
March CPI Data Show Energy Inflation Reawakened Despite Depressed Natural Gas Prices
Stable natural gas prices were not enough to offset spikes in other energy costs in March, pushing the government’s measure of energy prices higher for the first time in a year. The U.S. Department of Labor said the Consumer Price Index (CPI) increased at a rate of 3.5% in the 12-month period through March. That…