PG&E Citygate California Natural Gas Prices

Published: Jan 1, 2020
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PG&E Citygate Description

Deliveries to customers behind PG&E's local distribution system in Northern California.

Natural Gas Futures Gain Slightly on Tighter Balances; Cash Steady

Despite warmer trends in the weather models, natural gas bulls managed to take back a few cents in the futures market Tuesday, drawing support from tighter balances. The soon-to-expire February Nymex contract settled at $1.934, up 3.2 cents; March gained 3.0 cents to settle at $1.908. Read More

Natural Gas Bulls Not Enthused by EIA Storage Data as Prices Pull Back

The Energy Information Administration Thursday reported a net 92 Bcf weekly withdrawal from U.S. natural gas stocks, slightly to the tighter side of consensus; futures prices, already rallying, pulled back on the news. Read More

Flash of Volatility For New England Cash as Winter Continues Disappointing Natural Gas Markets

Hints of volatility in the Northeast and moderation out West highlighted a relatively uneventful week of winter trading in the natural gas spot market during the Jan. 13-17 period; NGI’s Weekly Spot Gas National Avg. picked up 13.0 cents to $2.155/MMBtu.

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Natural Gas Futures ‘Crushed’ by Mild Weather; Prompt Month Holds Just Above $2/MMBtu

Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents. Read More

Natural Gas Futures Rally as ‘Weekend Risk’ Expected From Forecasts

The prospect of a return to something resembling winter temperatures later this month provided enough impetus Friday to lift natural gas futures ahead of another potentially pivotal weekend of weather data. The February Nymex contract picked up 3.6 cents to settle at $2.202/MMBtu; March settled at $2.168, up 2.0 cents. Read More

Winter Weather Underwhelms as Weekly Natural Gas Spot Prices Grind Lower

The start of a new year and a new decade brought the same underwhelming winter weather that kept the pressure on natural gas prices to close out 2019; heavy discounts along the East and West coasts during the trading week ended Jan. 3 dropped NGI’s Weekly Spot Gas National Avg. 11.5 cents to $1.970/MMBtu.

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Natural Gas Futures Steady as Market Waits for Signs of Cold

On a day when Middle East tensions roiled oil markets and dominated energy headlines, natural gas futures turned in a quiet session Friday, with continued warmth... Read More

Natural Gas Traders Keep Powder Dry as EIA Storage Number Lands Near Consensus

The Energy Information Administration on Friday reported a 58 Bcf weekly net withdrawal from U.S. natural gas stocks that came close to... Read More

Natural Gas Bidweek Prices Tumble as Record Warmth Set for January

With January projected to be one of the Top-10 warmest on record, the double-digit decreases in bidweek prices reflect just how much things can change in a year. NGI’s January Bidweek National Avg. dropped 26.0 cents to $2.565.

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‘Heavily Overweight’ Shorts May Be Behind Natural Gas Futures’ Bounce to Close Out 2019; Cash Drops

Although eager to put 2019 in the rearview mirror, natural gas bulls managed to close out the year on a slightly positive note, sending futures a few ticks higher during the final trading session of the decade. The February Nymex gas futures contract settled Tuesday at $2.189/MMBtu, up three-tenths of a cent from Monday’s close. March rose just .001 cents to $2.158. Read More