storage

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

In a choppy and abbreviated week of trading influenced by shifting weather patterns and demand uncertainty, weekly cash prices ultimately posted a slight loss. NGI’s Weekly Spot Gas National Avg. for the Nov. 23-25 period declined a half-cent to $2.325. The market week was shortened to three days due to the Thanksgiving holiday. Natural gas…

Weekly Natural Gas Prices Decline as November Warmth Curbs Demand

In a week that started slowly as traders mulled modest shifts in weather forecasts, weekly natural gas cash prices ultimately finished in the red, dragged down by a midweek drop that coincided with the arrival of unseasonably warm air in the Upper Midwest. Cash prices sank 37.5 cents on Wednesday, more than erasing a modest…

November 20, 2020

Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

November 13, 2020

Weekly Natural Gas Prices Plunge as Mild Temperatures Sap Demand

In a stark reversal from the prior week, temperatures climbed rapidly out of freezing territory and into the 60s and 70s across much of the Midwest, cutting off heating demand and driving down weekly cash prices. NGI’s Weekly Spot Gas National Avg. for the Nov. 2-6 period nosedived 61.5 cents to $2.385 as comfortable fall…

November 6, 2020

Weekly Natural Gas Prices Spike as Chilly Air Intensifies, Zeta Strikes

In an abbreviated week of spot trading influenced by colder weather and yet another hurricane in the Gulf of Mexico (GOM), weekly cash prices surged. NGI’s Weekly Spot Gas National Avg. for the Oct. 26-29 period jumped 59.5 cents to $3.000. This week’s average only includes trades conducted through Thursday, the cutoff for gas delivery…

October 30, 2020