November Natural Gas Bidweek Prices Post Massive Gains as LNG Demand Roars Back

With some early-season cold in tow, a big recovery in natural gas export demand led to extensive gains for November bidweek prices. Led by $1.00-plus increases in the Northeast, thanks to a fast-moving cold front, NGI’s November Bidweek National Avg. jumped 88.0 cents month/month to $2.745. The November 2020 bidweek average also was considerably higher…

October Bidweek Prices Slump as Weather Demand Fades, LNG Potential Still Uncertain

Natural gas prices moved lower in October bidweek trading as markets mulled prospects for waning weather-driven demand and the uncertain potential for a sustained recovery in liquefied natural gas (LNG) volumes. NGI’s October Bidweek National Avg. declined 33.0 cents month/month to $1.865/MMBtu and was well below the $2.005 average recorded during October 2019 bidweek. The…

October 1, 2020

September Bidweek Prices Rally as Natural Gas Traders Look Ahead to Rising LNG, Bullish Winter

While weathering a tumultuous stretch in the natural gas market headlined by a Category 4 hurricane crashing into the Gulf Coast, bidweek traders throughout much of the North American market locked in premiums for the month of September.  Strengthening futures prices bolstered by expectations for rising liquefied natural gas (LNG) demand in the month ahead…

September 1, 2020

August Natural Gas Bidweek Prices Jump on Late Summer Heat

Natural gas prices climbed higher in August bidweek trading as markets mulled prospects for ongoing seasonal cooling demand, strong power burns and robust Mexican export levels. NGI’s August Bidweek National Avg. rose 23.0 cents month/month to $1.680/MMBtu. The August Nymex natural gas futures contract rolled off the board last Wednesday at $1.854, up 5.4 cents…

August 3, 2020

July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…

July 1, 2020