Westcoast Station 2 Canada Natural Gas Prices

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Westcoast Station 2 Description

Gas delivered into Station 2 along Spectra's Westcoast Energy (WEI) pipeline. Station 2 is located near Chetwynd, BC, and is the main aggregation point from which supplies from the Northeastern part of British Columbia are shipped south along the main WEI pipeline. Reported in $C/GJ.

Strong Power Burns Boost Weekly Natural Gas Prices; Futures Nearly Unchanged After Volatile Week

Spot gas prices for the April 6-9 week posted stout gains across much of the Lower 48 as sub-$2/MMBtu gas continued to incentivize strong power burns despite a lack of significant demand. Led by gains on the West Coast, NGI’s Spot Gas Weekly National Avg. jumped 16.0 cents to $1.520.

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PM markets

Late-Session Rally Boosts Natural Gas Futures as Weather Models Turn Chillier

Even as Covid-19 continues to shatter demand across the Lower 48, weather reclaimed its dominance on natural gas futures Friday as persistently colder forecasts pushed up prices to end the week. After trading a few pennies higher for most the day, a late-session bid sent the May Nymex contract up 6.9 cents to settle at $1.621. June climbed 6.6 cents to $1.738.

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Coronavirus Adds to Shoulder Season Slump for Weekly Natural Gas Spot Market

With seasonal factors and underlying fundamentals already keeping a lid on the natural gas spot market, the addition of coronavirus demand destruction gave prices nowhere to go but down during the trading week ending March 27; NGI’s Weekly Spot Gas National Avg. shed 15.0 cents to $1.405/MMBtu.

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Natural Gas Futures Steady as Oil Patch in Turmoil

Amid upheaval in the oil patch and uncertainty over the demand impacts of the coronavirus pandemic, natural gas futures managed to hold relatively steady in Friday’s trading. The April Nymex contract rolled off the board at $1.634/MMBtu, off 0.3 cents day/day. The May contract slid 1.8 cents to $1.671.

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Natural Gas Futures Follow Equities Higher as Coronavirus Continues to Weigh on Outlook

Mirroring gains in equities as markets looked to lawmakers for economic relief in the face of the coronavirus pandemic, natural gas futures rallied Tuesday. The April Nymex contract settled at $1.653/MMBtu, up 5.1 cents on the day. Read More

Natural Gas Futures Slide; Analysts Brace for ‘Startling’ Coronavirus-Related Demand Hit

The volatility in the broader economy continued to make its presence felt in the natural gas futures market Friday, with prices ultimately sliding amid uncertainty over the full impact of the coronavirus. After trading as high as $1.700/MMBtu and as low as $1.574, the April Nymex contract went on to settle at $1.604, down 5.0 cents on the day. Read More

Front of Natural Gas Futures Curve Sags Under Weight of Slowing Economy

As natural gas futures traders continued weighing coronavirus demand destruction against future production cuts, the bearish side of the argument won out Tuesday, at least for the near term. The April Nymex contract tumbled 8.6 cents to settle at $1.729/MMBtu.

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Coronavirus Looms, but Natural Gas Bulls Find New Lease on Life During Wild Trading Week

The upheaval in oil markets provided natural gas bulls with a new lease on life during the trading week ended March 13, as the promise of future production cuts helped to rally both cash and futures; NGI’s Weekly Spot Gas National Avg. climbed 12.0 cents to $1.635/MMBtu. Read More

Natural Gas Futures Inch Higher to Close Out Wild Week for Markets

Capping off a wild week of trading for both energy markets and beyond, natural gas futures inched higher Friday, boosted by a more supportive weather outlook and the prospect of future production cuts. The April Nymex contract picked up 2.8 cents to settle at $1.869/MMBtu after trading as high as $1.951 and as low as $1.795. Read More

Natural Gas Futures Extend Rally in Wake of Energy Market Shake-Up

Extending the previous day’s gains, natural gas futures staged a furious rally Tuesday as the potential upstream fallout from plummeting oil prices has breathed new life into a chronically oversupplied market. The April Nymex contract surged 15.8 cents to settle at $1.936/MMBtu. Read More