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October Natural Gas Bidweek Prices Spike Amid Global Supply Trouble, Potential for Winter Crisis
Markets
September Natural Gas Bidweek Prices Mount Huge Gains on Supply Concerns Worsened by Ida
With the ongoing uncertainty of former Hurricane Ida’s impact on natural gas supply and demand permeating throughout the U.S. market, the weight of dangerously low storage inventories fueled steep price increases across most of the country during natural gas bidweek trading. NGI’s September Bidweek National Avg. jumped 24.0 cents month/month to $4.140/MMBtu. Notably, September bidweek…
September 1, 2021Markets
August Natural Gas Bidweek Prices Sail Higher on Domestic Weather Demand, LNG Strength
Natural gas prices moved steadily higher in bidweek trading as markets absorbed prospects for continued strong weather-driven demand and robust liquefied natural gas (LNG) volumes. NGI’s August Bidweek National Avg. climbed 35.0 cents month/month to $3.900/MMBtu. It marked a distinct diversion from a year earlier, when the pandemic weighed on the demand outlook. The 2020…
August 2, 2021Markets
Natural Gas Bulls Romp in Bidweek Trading as Demand, July Heat Fuel Price Rally
A weather outlook signaling sustained robust cooling demand during the month of July helped send natural gas prices soaring in bidweek trading. In parallel with steep gains in the futures market, NGI’s July Bidweek National Avg. surged 72.5 cents higher month/month to $3.550/MMBtu. The bullish bidweek prices this summer stand in sharp contrast to the…
July 1, 2021Markets
On Summer’s Arrival, Natural Gas Markets Heating Up; Widespread Gains for June Bidweek
With summer unofficially underway, the mercury is poised to rise and recent price action Tuesday — in both June bidweek and futures trading — showed natural gas markets heating up. Widespread gains, particularly in the Northeast and in the West, lifted NGI’s June Bidweek National Avg. to $2.825/MMBtu, a 14-cent increase from May prices and…
June 1, 2021Recent News
Natural Gas Prices