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August Natural Gas Bidweek Prices Jump on Late Summer Heat
Markets
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, 2020Markets
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, 2020Trending News
