Natural Gas Prices

Weekly natural gas cash prices were mixed as continued declines in production and pockets of strong demand empowered bulls, but weakness in West Texas kept bears in that region on the prowl.   NGI’s Weekly Spot Gas National Avg. for the May 6-10 period rose 4.0 cents to $1.425/MMBtu. Futures, meanwhile, rallied much of the week.…

Natural Gas Prices

Natural gas futures finished Friday on a low note yet capped a solid week overall that was built on fading production, LNG advances and sections of strong weather-driven demand. The June Nymex gas futures contract settled at $2.252/MMBtu on Friday, down 4.9 cents day/day but up from the prior week’s $2.142 close. NGI’s Spot Gas…

Natural Gas Prices

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis In…

Mexico

“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of this administration, the doors were closed for us and members of the sector and we…