Natural Gas Intelligence is a leading daily provider of natural gas prices, natural gas news, and gas pricing data to the deregulated North American natural gas industry
Daily, Weekly and Bidweek Prices are in U.S.$/MMBtu except for locations in the Canada section which are in Cdn$/GJ. The deals column represents the number of transaction reports used by NGI in the calculation of the price and the volume column, while the sum of the volume of those deals, in thousand MMBtus/day. For more information, please see NGI's Price Methodology.
Forward Prices are expressed in U.S.$/MMBtu and based on indicative data obtained from traders, exchanges and deals provided by energy companies. "Fixed Price" represent the forward prices of gas delivered for each reference period at the various locations/hubs. "Basis Price" represent the differential, for each reference period, between the Henry Hub and various locations/hubs. The Summer and Winter prices are simple averages of Apr-Oct (7 months) and Nov-Mar (5 months) respectively. "Bal Smr" and "Bal Wtr" prices represent simple averages of the remaining months in those seasonal strips (after at least one month has passed). For daily updates of these data in monthly bullets going out 5 years, contact sales at info@natgasintel.com.
With major weather models Friday continuing to show a shift to colder temperatures for key markets later this month, natural gas futures rallied sharply to set up a potentially pivotal weekend for prices. In the spot market, East Coast points eased off after recent weather-driven gains as prices remained steady across most other regions; the NGI Spot Gas National Avg. slumped 17.0 cents to $3.005/MMBtu.
Forecasts advertising a potential shift to chillier conditions in the East later this month helped boost natural gas futures Tuesday, though prices ultimately finished well off the session’s highs. In the spot market, expectations for cooler temperatures in the Midwest and East later this week coincided with double-digit gains across the eastern two-thirds of the Lower 48; the NGI Spot Gas National Avg. climbed 19.0 cents to $2.855/MMBtu.
Continued mild weather to start the new year meant storage fears -- and natural gas prices -- continued to fade during the week ended Friday (Jan. 4); selling across most of the Lower 48 saw the NGI Weekly Spot Gas National Avg. drop 26.5 cents to $2.805/MMBtu.
A new year brought a new outlook for natural gas markets Wednesday, with a mild forecast for the first half of January bringing a return to sub-$3 prices as the storage concerns that drove up risk premiums earlier in the heating season appear largely assuaged. Influenced by sagging futures, spot markets struggled through a post-New Year’s hangover, though a few locations in the West gained ahead of cold temperatures and precipitation expected this weekend; the NGI Spot Gas National Avg. tumbled 26.5 cents to $2.915/MMBtu.
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It was a bumpy road for January natural gas on Wednesday as thin trading after the Christmas holiday made for a volatile session before the prompt month eventually settled higher day/day. The Nymex January gas futures contract rose 7.6 cents to $3.543. Both the February and March contracts were up less than a nickel.
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