Northwest Sumas Rocky Mountains Natural Gas Prices

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Northwest Sumas Description

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

June Natural Gas Bidweek Prices Retreat as Demand Struggles to Gain Momentum

A mild start to the summer, combined with demand that continues to struggle amid the coronavirus pandemic, weighed down June natural gas bidweek prices. Although pockets of heat boosted prices in California, small losses were seen in most markets across the Lower 48, sending NGI’s June Bidweek National Avg. down 8.5 cents to $1.545/MMBtu. Read More

Natural Gas Futures Firm as Demand Picture Slowly Improves; Cash Surges Post-Holiday

Natural gas futures strengthened Tuesday, with demand continuing to increase as economies reopen amid the coronavirus pandemic and as weather models boosted heat in the coming weeks. The June Nymex gas futures contract climbed 6.2 cents to settle at $1.793. July picked up 6.4 cents to $1.945.

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Strong Power Burns Boost Weekly Natural Gas Cash Prices

A popular mantra in the world of energy is that there’s no better cure for low prices than low prices, and that slogan rang true for the May 18-22 period as cheap natural gas incentivized power burns across the Lower 48, driving up weekly spot gas prices. Despite a generally mild weather pattern over most areas, NGI’s Weekly Spot Gas National Avg. jumped 9.5 cents to $1.615.

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PM markets

Natural Gas Futures See Modest Bump Ahead of Holiday Weekend; Cash Mixed

Natural gas futures traded both sides of even on Friday as the market steadied a bit while continuing to weigh steep production cuts, seasonal weather and hefty liquefied natural gas demand losses. The June Nymex gas futures contract ultimately closed the week at $1.731/MMBtu, up 2.1 cents from Thursday’s close. July picked up 2.9 cents to reach $1.881.

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Natural Gas Futures Pull Off Another Rally, Break Technical Resistance

Fresh off a nearly 14-cent run, natural gas futures edged higher again Tuesday as the market continued to digest the sharp drop in production over the weekend. With weather models hinting at an increasingly supportive picture for summer heat, the June Nymex gas futures contract settled at $1.830, 4.7 cents higher day/day. July rose 2.6 cents to $1.985.

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Natural Gas Futures Slip in Choppy Trade; Cash Bounces Despite ‘Comfortable’ Weather Pattern

Natural gas futures bounced around a bit on Friday, but ultimately capped the week on a soft note despite some slight tightening in supply/demand balances. The June Nymex gas futures contract settled at $1.646, down 3.5 cents from Thursday’s close. July fell 5.1 cents to $1.833.

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Weather Drives Big Moves for Weekly Natural Gas Spot Prices

Spot natural gas prices came roaring back for the first week of May, driven higher by cooling demand from the West Coast to the Southeast and heating demand in the Midwest and East. An surge in futures early in the week also lent support to markets, with the NGI Weekly Spot Gas National Avg. rocketing some 20.5 cents higher to $1.750.

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PM markets

Natural Gas Futures Extend Losses, but ‘Meaningful’ Tightening Seen as Shutdowns Ease

Natural gas futures capped the first week of May with a third straight day of losses as near-term demand weakness trumped a sustained drop in production. The June Nymex gas futures contract settled Friday on the lower end of its trading range, off 7.1 cents day/day at $1.823. July fell 5.0 cents to $2.077.

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PM markets

Natural Gas Futures Dragged Lower by Weak Cash in Choppy Session

Friday marked another choppy day for natural gas futures, with prices initially fueled by a sharp decline in production but then pressured by weak cash prices and soft demand. The June Nymex gas futures contract ultimately settled at $1.890, down 5.9 cents from Thursday’s close. July slipped 3.6 cents to $2.134.

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Waha Falls to Record Low as Springtime Chill Lifts Most Other Lower 48 Weekly Cash Markets

A chilly start to the week for much of the United States, and lingering cool weather on the East Coast to end the week, led to robust gains for spot gas prices for the April 20-24 week. NGI’s Weekly Spot Gas National Avg. jumped 10.0 cents to $1.595.

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