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July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines
Markets
June Natural Gas Bidweek Prices Retreat as Demand Struggles to Gain Momentum
A mild start to the summer, combined with demand that continues to struggle amid the coronavirus pandemic, weighed down June natural gas bidweek prices. Although pockets of heat boosted prices in California, small losses were seen in most markets across the Lower 48, sending NGI’s June Bidweek National Avg. down 8.5 cents to $1.545/MMBtu.
June 1, 2020Markets
With Peak Demand Loss Possibly in the Rear-View Mirror, May Bidweek Natural Gas Prices Rally
Buoyed by an easing of stay-at-home and shutdown mandates amid the ongoing fight against the coronavirus pandemic, May bidweek prices across the Lower 48 emerged from a month of unprecedented demand loss with quarter-plus gains at the majority of pricing hubs.
May 1, 2020Markets
Natural Gas Markets Brace for Difficult Month as April Bidweek Prices Slide
Against a backdrop of profound macro uncertainty, natural gas bidweek traders negotiated heavy discounts for April, bunkering down for a potentially tough month ahead.
April 1, 2020Markets
March NatGas Bidweek Prices Crater as Coronavirus Fears Hit Increasingly Globalized U.S. Market
With March forecasts pointing to another possible record warm month, and natural gas storage inventories heading toward a robust 1.9 Tcf for the end of winter, natural gas March bidweek prices plunged further below the $2/MMBtu threshold. NGI’s March Bidweek National Avg. dropped 28 cents from February bidweek to $1.530*, which is also a $1.415 discount to the March 2019 Bidweek average.
March 2, 2020Trending News
Infrastructure
