Algonquin Citygate Northeast Natural Gas Prices

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Algonquin Citygate Description

Includes transactions to delivery points within the Algonquin system. Excludes gas deliveries into Algonquin from connecting pipelines, as that is a separate index.

Pipeline Work No Match for Warmer Temperatures as Weekly Prices Crash

The natural gas market firmly shifted into springtime mode, with weekly prices tumbling down as any remnants of winter demand had dissipated by midweek. Not even a host of pipeline maintenance events across the country could save prices during the short holiday week, and the NGI Weekly Spot National Avg.plunged 31.5 cents to $2.035. Read More

Risky Business? Natural Gas Traders Send May Prices Below $2.50 Ahead of Holiday Weekend

In a move that could be considered risky given the long Easter holiday weekend, natural gas... Read More

EIA Reports 92 Bcf Storage Build as May Natural Gas Futures Sit Near $2.50

The Energy Information Administration (EIA) reported a 92 Bcf injection into storage inventories for the... Read More

Small Demand Additions Can’t Stop Natural Gas Futures Slide; Cash Mixed

Strong bearish sentiment was too much for natural gas bulls to overcome Tuesday even as the latest weather data added some demand back into forecasts. However, after Monday’s 7-cent plunge, the Nymex May gas futures contract took somewhat of a breather and ultimately settled only 1.8 cents lower at $2.572/MMBtu. June slid 1.6 cents to $2.617. Read More

Pipeline Maintenance in High Gear, But Weekly Prices Fail to Rally

A slew of pipeline maintenance and one of several blasts of cold air expected to move through parts of the country in the weeks ahead did little to spark any interest from natural gas traders this week. Most prices outside of the West finished the April 8-12 week in the black, although gains were limited to less than a dime at most market hubs. Permian Basin locations posted far more substantial increases that pushed prices back into positive territory, and the NGI Weekly National Avg. rose 8.5 cents to $2.35. Read More

Natural Gas Futures Pause Amid Stable Weather Models; Cash Slides

Natural gas futures resumed their sideways action in a quiet session Friday, with prices fluctuating within a tight band of less than a nickel throughout the day. The Nymex May gas futures contract eventually settled just 0.4 cents lower at $2.660/MMBtu, as did June, which slipped to $2.704. Read More

Bullish Natural Gas Storage Data No Deterrent for Bears; Permian Cash Climbs Again

After a couple of days at a stalemate, natural gas bears took control over the futures market Thursday as they... Read More

Natural Gas Futures Trade in Tight Range as Market Mulls Shoulder Season Balances

Mixed forecast trends and ongoing concerns over loose shoulder season balances left natural gas futures stuck in neutral Tuesday. In the spot market, late-season wintry conditions inspired modest gains in the Rockies and Northeast, while West Texas returned to negative territory; the NGI Spot Gas National Avg. slid 1.5 cents to $2.37/MMBtu. Read More

Profit-taking Leads to Small Bump for Natural Gas Futures; Spot Gas Slips

Much like the rest of the week, there was little fundamental change Friday to move natural gas futures prices significantly in one direction or the other. The Nymex May gas futures contract climbed 2.1 cents to settle at $2.664, capping off a week in which prices budged less than a nickel each day. June also tacked on 2 cents to settle at $2.706. Read More

Large Storage Build Sends Natural Gas Futures Lower; Permian Cash Bounces

After a temporary stall, natural gas futures moved decisively lower Thursday as the potential for more cold later this month didn’t appear... Read More