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April Bidweek Trading Concludes as Hefty Storage, Incoming Weak Demand Weigh
Natural Gas Prices
April Natural Gas Bidweek Prices Stay Lower on Second Day of Trade
The second day of natural gas bidweek trading Monday (March 25) saw baseload prices maintain the weakening trend that began Friday, according to NGI’s Bidweek Alert (BWA). Deal volumes slowed somewhat from Friday levels. Bidweek trading concludes on Tuesday. Leading on volume for deals, Dawn in the Midwest saw 80 total deals. Its basis trading…
March 26, 2024Natural Gas Prices
Winter’s Supply Overhang Weighing on April Natural Gas Bidweek Prices
Baseload natural gas prices were trending lower for April delivery as excess end-of-winter inventory levels kept bidders hesitant on the first day of bidweek trading Friday (March 22), according to NGI’s Bidweek Alert (BWA). Trade was most active in Texas, where the supply glut has pushed Permian Basin prices negative, following in the footsteps of…
March 25, 2024Bidweek Alert
March Bidweek Trading Starts on Downslope as Weather Seen Driving Wider Storage Surplus
Hamstrung by a growing surplus of natural gas in inventories and with a spring-like February running into a mild March, traders tugged natural gas prices lower for March baseload delivery, according to NGI’s Bidweek Alert (BWA). Losses were largest in the West, where California’s SoCal Citygate traded about $2.20 lower month/month at around $3.170/MMBtu, BWA…
February 26, 2024Natural Gas Prices
February Bidweek Trading Gets Off to Choppy Start Following Record Storage Draw, Lingering Outages
Spooked by the natural gas market’s third-largest storage withdrawal on record that took a huge bite out of the supply surplus, traders sent February baseload prices higher for several U.S. locations on the first day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Gains were strongest in the West, where California’s SoCal Citygate traded…
January 26, 2024Trending News
Natural Gas Prices
Winter’s Supply Overhang Weighing on April Natural Gas Bidweek Prices
Mar 25, 2024Bidweek Alert
March Bidweek Trading Starts on Downslope as Weather Seen Driving Wider Storage Surplus
Feb 26, 2024Natural Gas Prices
February Bidweek Trading Gets Off to Choppy Start Following Record Storage Draw, Lingering Outages
Jan 26, 2024Natural Gas Prices