Items Tagged with 'prices'

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Warmer Turn in Weather Models Ends Rally for Natural Gas Futures; Cash Slides in West

The saying goes that all good things must come to an end, and for the natural gas market, that happened on Wednesday as prices retreated following a three-day rally that sent the prompt month some 30 cents higher. With a warmer turn in the latest weather forecasts, the May Nymex gas futures contract settled at $1.783, down 6.9 cents day/day. June fell 5.3 cents to $1.896. Read More
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Another Down Day for Natural Gas Futures Ahead of Highly Anticipated EIA Report

Natural gas traders continued to sell off positions Wednesday in anticipation of critical data that may offer the first clues on how much U.S. demand has been lost in the wake of the coronavirus. The May Nymex gas futures contract hit a $1.679/MMBtu intraday high but ultimately settled at $1.587, down 5.3 cents day/day. June fell 4.4 cents to $1.712. Read More
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COLUMN: The Promise and Peril of a Changing LNG Market

NGI has for nearly 40 years now covered the evolution of North American natural gas. From deregulation and the rise of a highly competitive market, to the collapse of Enron Corp. and the dawn of unconventional development, the organization has adapted and pressed ahead to what’s next. Read More

Natural Gas Futures Weathering Coronavirus Storm as Prices Slide

With day-to-day life upended by the coronavirus outbreak and stocks plummeting, natural gas futures sagged under the pressure as markets weighed the prospect of demand destruction from the nation’s new social distancing regimen. The April Nymex contract fell 5.4 cents to settle at $1.815/MMBtu after trading in a range from $1.778 to $1.854. Read More
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Natural Gas Futures Volatile as Economic Uncertainty Abounds

As the coronavirus officially became a pandemic, and as energy traders continued to try to steer through a whirlwind of economic uncertainty, natural gas futures turned in a volatile day of trading Wednesday. After approaching the $2.000/MMBtu mark, the April Nymex contract ultimately fell back to settle at $1.878, down 5.8 cents. Read More