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. For more information, please see NGI's Price Methodology.
NGI's Natural Gas Forward Basis 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 natural gas delivered for each reference period at the various locations/hubs. "Basis Price" represent, 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 natural gas forward basis data in monthly bullets going out 5 years, contact sales at info@natgasintel.com.
Natural gas bidweek traders could be forgiven for feeling some buyer’s remorse on Cyber Monday, as just days after they locked in deals for December delivery, milder forecasts over the Thanksgiving holiday lent a decidedly more bearish outlook to winter pricing. NGI’s December Bidweek National Avg. finished at $2.825/MMBtu.
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Natural gas futures slouched into the front-month expiration Tuesday, unable to shake off the burden of a weakening outlook for weather-driven demand and indications of new record highs for production. The December Nymex contract rolled off the board at $2.470/MMBtu, off 6.1 cents. January settled just a few pennies above the $2.500 mark at $2.533, down 5.1 cents day/day.
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The natural gas spot market turned in a decidedly mixed week of price action during the trading week ended Nov. 22, including big gains out West and discounts for much of the eastern two thirds of the Lower 48; NGI’s Weekly Spot Gas National Avg. slipped 20.5 cents to $2.490/MMBtu.
Absent any clear cold signals to excite a weather-focused natural gas market, futures prices continued on a downward trajectory Tuesday. Coming off a 12.2-cent sell-off a day earlier, the December Nymex contract fell another 5.6 cents to settle at $2.510, near the session’s low of $2.501. January settled at $2.576, down 5.4 cents.
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Helped by recent model runs returning cold to the outlook, natural gas futures gained Friday as the market looked ahead to the weekend weather data for more clarity on the upcoming pattern. The December Nymex contract picked up 4.1 cents to settle at $2.688/MMBtu after trading as high as $2.724 and as low as $2.606. January settled at $2.750, up 3.1 cents.
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A broad swath of chilly temperatures, especially for regions east of the Rockies, sent natural gas spot prices notably higher for the trading week ended Nov. 8; led by big increases in New England, NGI’s Weekly Spot Gas National Avg. gained 31.5 cents to $2.585/MMBtu.
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With forecasts over the weekend expected to offer potentially pivotal insight into temperature trends later this month, natural gas futures prices failed to chart a definitive move in either direction Friday. The December Nymex contract traded both sides of even on the way to settling at $2.789/MMBtu, 1.7 cents higher on the day. January added 1.4 cents to $2.873.
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Natural gas futures pulled back a few cents Wednesday as the bullish momentum generated by a recent stretch of strongly colder-trending forecasts showed signs of petering out. The December Nymex contract slid 3.4 cents to settle at $2.828/MMBtu after going as high as $2.891. January settled at $2.907, off 3.3 cents.
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Further cold trends for an already chilly early-season forecast helped extend a natural gas futures rally Tuesday, although analysts pointed to risks for a reversal given structural oversupply in the market. The December Nymex contract added 4.1 cents to settle at $2.862/MMBtu. January settled at $2.940, up 4.2 cents.
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Further cold trends from the latest guidance kept the fire burning for natural gas futures prices Monday, extending last week’s gains for a market focused on early-season weather signals. The December Nymex contract settled 10.7 cents higher at $2.821/MMBtu after probing as high as $2.842. January picked up 9.6 cents to settle at $2.898, while February settled 8.7 cents higher at $2.849.
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