Natural Gas Forwards Mixed as Weather Maps Fail to Impress Overall

Reflecting a spectrum of blue and orange temperature projections on weather maps at this early juncture in the season, natural gas forwards trading was mixed during the Nov. 23-Dec. 1 trading period. Strong gains for western markets countered declines throughout much of the eastern two-thirds of the Lower 48, NGI’s Forward Look data show. Fixed…

Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 22, 2022

Natural Gas Forwards Rally Further as Cold Snap Seen Widening Deficits after Massive Recovery

Natural gas forward prices continued to strengthen during the Nov. 9-16 period amid a continuation of colder-than-normal temperatures ahead of the core of winter, according to NGI’s Forward Look. Gains (again) were most pronounced in New England, where rising heating demand and pipeline constraints combined to drive hefty premiums compared to the rest of the…

November 17, 2022

Brief Wintry Blast Boosts Natural Gas Forwards Prices; New England Sporting Hefty Premiums

With subfreezing temperatures on the way, natural gas forward prices strengthened during the trading period from Nov. 3 to 8, according to NGI’s Forward Look. Price swings were relatively modest at the front of the forward curve when compared with recent weeks, likely because the drop in temperatures is expected to be short lived. The…

November 9, 2022

Mere Tease of Winter’s Arrival Sends Natural Gas Forwards Prices Soaring

Natural gas forward prices surged from Oct. 27 to Nov. 2 as hints of colder weather finally emerged in long-range forecasts, NGI’s Forward Look data showed.  December prices rose an average 41.0 cents through the trading period, while frigid air and early-season snow in the Pacific Northwest and Rockies fueled even more substantial increases in…

November 3, 2022