Natural Gas Prices

Natural gas cash prices spiked early in the past week amid a blast of frigid air. But milder temperatures settled in during the weekly trading period and strong production pushed the physical market into negative territory. NGI’s Weekly Spot Gas National Avg. for the Nov. 30-Dec. 1 period shed 10.5 cents to $2.745. Conditions during…

Energy Transition

A nationwide system to monitor and reduce U.S. emissions, initially through a two-year pilot, was given the green light on Wednesday by the Biden-Harris administration.  The goal, said officials, would advance the “U.S. commitments” made in 2015 with nearly 200 countries under the United Nations climate accord, aka Paris Agreement to reduce greenhouse gas (GHG)…

Markets

Nymex January natural gas futures traded near unchanged in the week’s closing session, picking up a slight 1.2 cents to a settlement at $2.814/MMBtu. Participants expected the recent blast of cold weather would drive the first substantial withdrawal from natural gas inventories but saw little additional weather-related demand to support sharper gains. At A Glance:…

Natural Gas Prices

Natural gas prices were a mixed bag in December bidweek trading, with some support coming via the arrival of robust heating demand in northern markets and new pipeline capacity out of West Texas broadening its sales base. However, relatively balmy forecasts for early December and a hefty wall of new gas supply doused some of…