Oil Downturn Boon for Permian, West Coast Natural Gas Markets

The oil market turmoil earlier this year provided a “rock solid bull trade for natural gas” that lifted basis to levels that should hold through 2021, particularly for West Coast locations and the upstream markets that serve them, according to market experts. Speaking Wednesday during a webinar hosted by Bloomberg and Natural Gas Intelligence, NGI’s…

Natural Gas Forward Prices Fueled by Heat, Improving Export Outlook and Lower Production Trajectory

Natural gas traders couldn’t bear the scorching temperatures any longer, as heat indexes surged above 100 degrees across the United States and boosted forward prices for the July 23-29 period, according to NGI’s Forward Look. With the prospect of improving export demand and lower gas production in the months ahead, prices for the winter and…

July 30, 2020

Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

In an ominous sign of what may evolve to the end of the year, scorching heat across most of the country failed to spark a rally in natural gas forward prices for the July 16-22 period, according to NGI’s Forward Look. Instead, persistently weak global exports and continued uncertainty over the level of economic recovery…

July 23, 2020

Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Coming off a sharp surge from the prior week, natural gas forwards sputtered a bit during the July 9-15 period as spiking coronavirus cases across the United States threatened continued economic and energy demand recovery, according to NGI’s Forward Look. Meanwhile, higher oil prices have incentivized producers to return to the oil patch, resulting in…

July 16, 2020

Sweltering Heat Sparks Surge for Natural Gas Forward Prices

Intensifying heat across the United States led a sharp rally for natural gas forward prices at a time when exports remain slow and uncertainty continues over energy demand recovery amid the coronavirus pandemic. Prices for August natural gas jumped 15.0 cents on average during the July 2-8 period, as did the balance of summer (August-October),…

July 9, 2020