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
December Natural Gas Futures Tread Water as Scheduled EIA Maintenance Delays Storage Report
December Nymex natural gas futures struggled to find direction Thursday as the market was without a key trading catalyst, following the scheduled delay of the latest government storage report. The print, which could mark the first withdrawal of the season, will be a double shot next week, in tandem with this week’s storage results. The…
November 9, 2023
Natural Gas Futures Lose Ground As Production Stays High; Cash Prices Halt Losing Streak
Bears kept natural gas futures on the back foot again on Wednesday, extending the prompt month’s losing streak to three sessions. Production estimates again touched a new all-time high while weather forecasts stayed mild, likely keeping gas in storage leaning toward injection this week. At A Glance: Prompt month falls to $3.106 Cash prices halt…
November 8, 2023
December Natural Gas Futures Slide Again On Warm Weather; SoCal Citygate Leads Cash Lower
Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. NGI’s Spot Gas National Avg. fell 12.5 cents to $1.790, its sixth…
November 8, 2023
Natural Gas Futures, Cash Prices Fall Again As Warm Weather Douses Demand; SoCal Citygate Swings
Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. At A Glance: Prompt month sheds 12.4 cents Cash prices slide for…
November 7, 2023
Prompt Natural Gas Futures Plunge Amid Record Output, Mild Forecast
Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564. The session’s 7% slide followed a topsy-turvy week that saw trading lower three…
November 7, 2023
December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh
Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564. At A Glance: Front month sheds 25.1 cents day/day Production approaches 105 Bcf/d…
November 6, 2023
Weekly Natural Gas Spot Prices Fly On Season’s First Cold Blast; Futures Up Modestly
Weekly natural gas cash prices jumped on a surge in early-season heating demand brought on by frigid temperatures that reached deep into the bottom half of the country. NGI’s Weekly Spot Gas National Avg. for the four-day Oct. 31-Nov. 3 trading period rose 41.0 cents to $2.800. A cold shot of weather gave large portions…
November 3, 2023
Natural Gas Futures Snap Losing Streak With LNG Exports In Focus; Cash Prices Slide Again
Natural gas futures forged higher on Friday, bolstered by elevated LNG exports and momentum from this week’s cold shot that may have been enough to trigger the season’s first withdrawal. The December Nymex gas futures contract rose 4.3 cents day/day to settle at $3.515/MMBtu. January rose 4.5 cents to $3.795. At A Glance: December contract…
November 3, 2023
Natural Gas Bulls and Bears Play Tug-of-War After In-Line Storage Build
Natural gas futures slid for a second session Thursday after the latest government inventory data gave bulls little ammunition to counter against light demand weather forecasts and hefty production levels. Midday weather models didn’t help either, shaving off more demand, yet bulls fought on to narrow the session’s declines. Coming off an 8-cent decline the…
November 3, 2023
Natural Gas Futures Fall Second Day After In-Line Storage Report Keeps Build Trend Intact
Natural gas futures slid for a second session Thursday after the latest government inventory data gave bulls little ammunition to counter against light demand weather forecasts and hefty production levels. Midday weather models didn’t help either, shaving off more demand, yet bulls fought on to narrow the session’s declines. Coming off an 8-cent decline the…
November 2, 2023