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Chris Newman

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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Senior Markets Reporter | Fairfax, VA

@Natgasnewman

email chris.newman@naturalgasintel.com

March Natural Gas Futures Debut Higher Even as Forecasts Stay ‘Massively Warmer’

March Natural Gas Futures Debut Higher Even as Forecasts Stay ‘Massively Warmer’

The March natural gas futures contract held above $2.000/MMBtu Tuesday and closed higher on its first day as the front month, aided by technical levels and daily production declines. The March Nymex gas futures contract rose 2.3 cents to settle at $2.077, after trading as low as $2.046. NGI’s Spot Gas National Avg. fell 37.5…

January 31, 2024
March Natural Gas Futures Hold Ground in Debut; Spot Prices Slide

March Natural Gas Futures Hold Ground in Debut; Spot Prices Slide

The March natural gas futures contract held above $2.000/MMBtu Tuesday and closed higher on its first day as the front month, aided by technical levels and daily production declines. At A Glance: Production slips to 104.5 Bcf/d Forecasts stay ‘massively warmer’ Northeast leads cash lower The March Nymex gas futures contract rose 2.3 cents to…

January 30, 2024
February Roll-Off Juices Volatility for Falling Natural Gas Futures; East-West Cash Prices Diverge

February Roll-Off Juices Volatility for Falling Natural Gas Futures; East-West Cash Prices Diverge

Natural gas futures sank Monday as warmer forecasts and rebounding production volumes weighed on outlooks, with the February contract volatile on its last trading day. At A Glance: NGI models 190 Bcf draw Production rebounds to 106 Bcf/d East cash markets rise The February Nymex gas futures contract dropped 22.2 cents day/day to settle at…

January 30, 2024
Natural Gas Futures Fall as February Contract Rolls Off; Cash Mixed as South Cools Down

Natural Gas Futures Fall as February Contract Rolls Off; Cash Mixed as South Cools Down

Natural gas futures sank Monday as warmer forecasts and rebounding production volumes weighed on outlooks, with the February contract volatile on its last trading day. At A Glance: NGI models 190 Bcf draw  Southeast bucks warm trend Production recovery continues The February Nymex gas futures contract dropped 22.2 cents day/day to settle at $2.490/MMBtu. The…

January 29, 2024
Weekly Natural Gas Spot Prices Slide as ‘Warmest Patterns of the Past 50 Years’ Hits Demand

Weekly Natural Gas Spot Prices Slide as ‘Warmest Patterns of the Past 50 Years’ Hits Demand

Weekly natural gas cash prices fell for a second week as milder winter weather deflated demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 22-26 period tumbled $2.165 to $2.380/MMBtu with declines in all regions. The Northeast led the way down. Iroquois Zone 2 collapsed $13.480 to average…

January 26, 2024
February Natural Gas Futures Shake Off LNG Blues, Rally Ahead of Expiry; Cash Mixed

February Natural Gas Futures Shake Off LNG Blues, Rally Ahead of Expiry; Cash Mixed

February natural gas futures got knocked down by LNG export headwinds early Friday but rallied in thin volumes into the close as mild forecasts turned a touch cooler. At A Glance: Freeport LNG hobbled by train outage Prompt month to roll off Monday Production still 2 Bcf/d off highs The February Nymex gas futures contract…

January 26, 2024
Record Storage Draw Fails to Boost Natural Gas Futures

Record Storage Draw Fails to Boost Natural Gas Futures

A two-day rally in natural gas futures ran out of steam Thursday after the third-highest storage withdrawal on record landed in line with expectations and failed to impress. At A Glance: Print lands near consensus Production at 103.5 Bcf/d Models tease cooler mid-February After bouncing off double-bottom lows since Tuesday, the February Nymex gas futures…

January 26, 2024
Natural Gas Futures Fade Following Record Storage Draw; Spot Prices Rise

Natural Gas Futures Fade Following Record Storage Draw; Spot Prices Rise

A two-day rally in natural gas futures ran out of steam Thursday after the third-highest storage withdrawal on record landed in line with expectations and failed to impress. At A Glance: EIA prints 326 Bcf withdrawal Prompt month to roll off Monday Models trend colder, still mild After bouncing off double-bottom lows since Tuesday, the…

January 25, 2024
Third-Highest Storage Draw Ever Hits Expectations, but Dings Natural Gas Futures

Third-Highest Storage Draw Ever Hits Expectations, but Dings Natural Gas Futures

The U.S. Energy Information Administration (EIA) on Thursday reported a natural gas withdrawal from storage of 326 Bcf for the week ended Jan. 19, the third highest on record, which landed near expectations and blew away the year-earlier decline. Ahead of the 10:30 a.m. ET government report, February Nymex futures were trading up 6.7 cents…

January 25, 2024
Natural Gas Futures, Spot Prices Rally as Mild Forecasts Shed Warmth, Huge Draw Looms

Natural Gas Futures, Spot Prices Rally as Mild Forecasts Shed Warmth, Huge Draw Looms

Natural gas futures rose for a second day Wednesday, supported by still-mild weather forecasts shedding some of their spring-like warmth and a burst of technical momentum across the forward curve. At A Glance: Plus-300 Bcf storage draw expected Forecast remains warmest in 45 years Production rises to 103 Bcf/d Building on a 3.1-cent gain Tuesday,…

January 24, 2024