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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

Natural Gas Futures Slip on Warm Forecast, but ‘Mother Nature Decides’ When Winter Over

Natural Gas Futures Slip on Warm Forecast, but ‘Mother Nature Decides’ When Winter Over

Natural gas futures on Tuesday forged ahead for the first time in six sessions, supported by production hiccups and expectations for a near-record storage draw. At A Glance: Futures mount late-day rally Production off by 0.3 Bcf day/day Models point to warmth into February The February Nymex gas futures contract rose 3.1 cents to $2.450/MMBtu.…

January 24, 2024
Natural Gas Futures Bounce as Production Taps Brakes, Monster Draw Looms; Spot Prices Slip

Natural Gas Futures Bounce as Production Taps Brakes, Monster Draw Looms; Spot Prices Slip

Natural gas futures on Tuesday forged ahead for the first time in six sessions, supported by production hiccups and expectations for a near-record storage draw. At A Glance: Massive storage draw expected Production slows modestly day/day Midweek warm-up looms The February Nymex gas futures contract rose 3.1 cents to $2.450/MMBtu. The contract fell to an…

January 23, 2024
Bears Extend Dominance For Fifth Session as Warmer Forecasts Send Futures, Cash Lower

Bears Extend Dominance For Fifth Session as Warmer Forecasts Send Futures, Cash Lower

Natural gas futures and cash prices tumbled Monday as forecasts doubled down on warmer weather into February, drowning out bullish vibes for an expected near-record storage draw print later this week. At A Glance: Prompt month sheds $1 in a week Production regains 101 Bcf/d level NGI models 320 Bcf withdrawal The February Nymex gas…

January 23, 2024
Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February

Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February

Natural gas futures and cash prices tumbled Monday as forecasts doubled down on warmer weather into February, drowning out bullish vibes for an expected near-record storage draw print later this week. At A Glance: Forecasts point to warmer week  Production reaches 101 Bcf/d NGI models 320 Bcf withdrawal The February Nymex gas futures contract fell…

January 22, 2024
Weekly Natural Gas Spot Prices, Futures Sputter After Winter’s Worst Cold

Weekly Natural Gas Spot Prices, Futures Sputter After Winter’s Worst Cold

Weekly natural gas cash prices lost ground for the first time this year with the brunt of the season’s worst winter storm passed and set to give way to warmer temperatures. NGI’s Weekly Spot Gas National Avg. for the holiday-shortened Jan. 16-19 period fell $1.520 to $4.545/MMBtu. Prices in most regions declined in the trading…

January 19, 2024
Natural Gas Futures Extend Slump as Warmer Weather Set to Take Hold; Spot Prices Drop

Natural Gas Futures Extend Slump as Warmer Weather Set to Take Hold; Spot Prices Drop

Natural gas futures fell on Friday for a fourth straight day as warmer forecasts and rebounding production put the week’s polar vortex firmly in the rearview mirror. The February Nymex gas futures contract fell 17.8 cents and settled at $2.519/MMBtu.  At A Glance: Late-January warm-up looms Production rises above 100 Bcf/d Weekend cold boosts Southeast…

January 19, 2024
Warmer Forecasts Overshadow Triple-Digit Storage Pull to Send Natural Gas Futures Lower

Warmer Forecasts Overshadow Triple-Digit Storage Pull to Send Natural Gas Futures Lower

February natural gas futures fell for a third session Thursday after a government inventory report landed short of expectations and doubts emerged about colder conditions returning in early February. At A Glance: EIA prints 154 Bcf withdrawal Spot gains ahead of weekend cold Early February forecasts warmer The prompt-month Nymex gas futures contract shed 17.3…

January 19, 2024
Natural Gas E&Ps Grab the Baton for M&A in Early 2024 After Record Year of Permian Deals

Natural Gas E&Ps Grab the Baton for M&A in Early 2024 After Record Year of Permian Deals

Could more natural gas-focused exploration and production (E&P) or midstream transactions be in the works after Chesapeake Energy Corp. and Southwestern Energy Co. agreed to combine into the Lower 48’s largest gas producer? Oil-focused dealmaking powered much of the consolidation in the U.S. oil and gas industry in 2023, with associated gas production riding the…

January 19, 2024
Triple-Digit Storage Draw Not Enough to Support Natural Gas Futures; Spot Prices Bounce

Triple-Digit Storage Draw Not Enough to Support Natural Gas Futures; Spot Prices Bounce

February natural gas futures fell for a third session Thursday after a government inventory report landed short of expectations and doubts emerged about colder conditions returning in early February. The prompt-month Nymex gas futures contract shed 17.3 cents to settle at $2.697/MMBtu. The contract traded as high as $2.960 Wednesday night before trending lower through…

January 18, 2024
Triple-Digit Storage Draw Lands Short of Analyst Targets to Send Natural Gas Futures Lower

Triple-Digit Storage Draw Lands Short of Analyst Targets to Send Natural Gas Futures Lower

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal from storage of 154 Bcf of natural gas for the week ended Jan. 12, falling short of median estimates. Some analysts pointed to stronger wind generation as the difference. Ahead of the 10:30 a.m. ET government report, February Nymex futures were trading down 7.2…

January 18, 2024