December Natural Gas Bidweek Prices Soar as Wintry Weather Sends Demand Surging

Natural gas prices spiked in December bidweek trading as markets absorbed the demand impacts of cold wintry blasts that permeated the West, central United States and parts of the East. Early snowstorms and freezing conditions propelled heating demand and interrupted production, buttressing prices. NGI’s December Bidweek National Avg. spiked $3.470 month/month to $8.420/MMBtu. That far…

November Natural Gas Bidweek Prices Mostly Sink, but Threat of Cold Spooks Constrained Markets

Baseload natural gas prices for November were mostly lower as the chances for widespread cold continue to get pushed further down the road, limiting gas demand for heating. Against the backdrop of stout production, vastly improved storage inventories and ongoing LNG export restrictions, NGI’s November Bidweek National Avg. lost 51.0 cents month/month to reach $4.950/MMBtu.…

November 1, 2022

October Natural Gas Bidweek Prices Plummet as Demand Fades, Production Climbs and Hurricane Ian Strikes

Natural gas cash prices slumped in October bidweek trading as markets absorbed the demand impacts of mild fall weather and Hurricane Ian alongside stout production levels.   NGI’s October Bidweek National Avg. dropped $3.320 month/month to $5.460/MMBtu. It was below the year-earlier average of $5.495. Hubs throughout the Lower 48 posted steep losses during bidweek trading,…

October 3, 2022

Cali Heats Up, Southeast Cools Off as Natural Gas Prices Climb in September Bidweek

Against a backdrop of European price volatility, and with domestic inventories still lagging historical norms, natural gas prices largely shifted higher in September bidweek trading. Compared to month-earlier levels, the NGI September Bidweek National Avg. ticked 1.5 cents higher to $8.780/MMBtu. Reflecting gas traded Aug. 25-29 for September baseload delivery, the $8.780 September bidweek average…

September 1, 2022

August Natural Gas Bidweek Prices Soar as Heat Wave Drives Robust Demand

Natural gas prices spiked in August bidweek trading as markets absorbed the impacts of stifling heat across most of the Lower 48, and traders took note of forecasts for robust cooling demand to continue in the month ahead. Choppy production levels, along with steady demand for American exports of LNG, added further fuel for the…

August 1, 2022