Northwest Sumas Rocky Mountains Natural Gas Prices

Published: May 1, 2019
Bidweek Change
-0.770
-29.10%
Year/Year Change
0.195
11.60%
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Region Location
Rmtsumas_may2019_ac173e64-b53f-4a97-9baf-d58fc56845a8

Northwest Sumas Description

Deliveries from Westcoast Energy Pipeline into Northwest Pipeline at the Sumas, WA/Huntington, BC border. Prices are listed in $US/MMbtu.

Production Dip, Demand Gains Power Natural Gas Futures Rally

Natural gas futures rallied several cents Tuesday, aided by an uptick in anticipated weather-driven demand and a dip in daily production estimates. Spot prices, meanwhile, were mixed, as declines in the Northeast countered gains further west; the NGI Spot Gas National Avg. added 0.5 cents to $2.305/MMBtu. Read More

Natural Gas Futures Rally Said ‘Peculiar’ as Uncertainty Remains Over Arrival of Summer Heat

The latest forecasts showed sustained summer heat could still be weeks away, but that didn’t discourage natural gas futures bulls from driving front month prices higher Friday. Read More
EIAStorage0509

Coming Off Rally, Natural Gas Futures Post Small Loss; Cash Weak on Stormy Pattern

Coming off a sharp rally the day before, one that seemed to surprise analysts, natural gas futures bulls mostly held their ground... Read More

Natural Gas Bears Pause For Breather as Futures Post Small Gain

After driving prices lower the previous few sessions, natural gas bears took a break Tuesday as prices notched a small increase despite an uninspiring forecast. In the spot market, some springtime snow and chilly temperatures accompanied further gains in the Rockies as shoulder season conditions resulted in minimal day/day adjustments for most other regions; the NGISpot Gas National Avg. added 6.0 cents to $2.205/MMBtu.

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EIAStorage042619

Weekly Natural Gas Spot Prices Rise; Big EIA Injection Pressures Futures

A shoulder season mix of both heating and cooling demand supported modestly higher natural gas spot prices for the week ended May 3; the NGIWeekly Spot Gas National Avg. climbed 11.0 cents to $2.165/MMBtu. Read More

Bearish Weather, Fundamentals Drop Natural Gas Futures; Mild Temps Drive Discounted Spot Prices

A lack of weather-driven demand, combined with an exceptionally large weekly inventory build, proved too much for natural gas futures bulls to overcome Friday as prices skidded lower for a second straight session. In the spot market, shoulder season temperatures tamped down buying interest in deals for weekend and Monday delivery; the NGI Spot Gas National Avg. slumped 9.0 cents to $2.105/MMBtu. Read More
BidweekMaytracker

Projected Triple-Digit Storage Builds Send May NatGas Bidweek Prices Tumbling

After natural gas futures prices in April plunged to their lowest level since 2016, and with a bearish weather outlook that is seen tightening storage... Read More

Natural Gas Futures Slip as Weather Data Still Unclear for May; Cash Up on Pipe Work

With the strongest demand on tap for this week and the potential for moderating temperatures in May, traders quickly reversed the previous day’s gains and sent natural gas futures slightly lower on Tuesday. The June Nymex gas contract slipped 1.8 cents to $2.575, and July fell 2.3 cents to $2.617. Read More

May Natural Gas Futures Expire Higher Amid More Demand Gains; Cash Firms Ahead of Cold

After a brief dip into the red, the May Nymex gas futures contract rolled off the board 5.2 cents higher at $2.566/MMBtu Friday as weather models intensified an expected cold snap in the northern United States while also increasing heat for the southern states. June, which takes over the prompt-month position on Monday, settled at $2.58, up 3.2 cents. Read More
Waha-and-El-Paso-Permian-Forward-Fixed-Price-Curves-20190425

Natural Gas Forwards Slide as Mild Spring Gives Storage Refill Season an Early Boost

Despite prospects for brief upswings in natural gas demand, an overwhelming bearish sentiment continued to weigh on forward prices... Read More