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Natural Gas Weekly Cash, Futures Prices Pummeled by Moderating Heat, Freeport Uncertainty
Markets
After Record Heat, Cooler Forecast Leads to Sharp Discounts for Natural Gas Weekly, Futures Prices
Spot gas prices crumbled during the June 21-24 trading week despite heat becoming more widespread, for a few days at least, across the country’s midsection. NGI’s Weekly Spot Gas National Avg. plummeted $1.225 to $6.340/MMBtu. Nymex futures action, meanwhile, continued to be dominated by the Freeport liquefied natural gas (LNG) outage, with the market questioning…
June 24, 2022Markets
Despite Strong Demand, Weekly Natural Gas Prices Dragged Down by LNG Mishap
Weekly cash prices gave up ground despite modest production and robust cooling demand across much of the Lower 48 that fueled several daily gains. NGI’s Weekly Spot Gas National Avg. for the June 13-17 period declined 94.5 cents to $7.565, dragged lower by an outsized loss on Tuesday tied to broader natural gas market sentiment…
June 17, 2022Markets
Scorching Heat Wave Lifts Weekly Natural Gas Cash Prices, but Freeport LNG Outage Pressures Futures
Record-breaking temperatures and a precipitous drop in wind generation fueled impressive gains for natural gas prices across the Lower 48 during the June 6-10 trading week. NGI’s Weekly Spot Gas National Avg. picked up 36.5 cents to reach $8.510/MMBtu. Futures, however, finished lower on the week as traders struggled with how an outage at the…
June 10, 2022Markets
Notice of NGI Data Accessibility Issues for Data Published Friday, June 3 & Monday, June 6
Some Daily Datafeed, Mexico Daily Datafeed and Shale Daily data customers that access data via API and/or FTP may have been unable to retrieve data for publication date Monday, June 6 because of an internal processing error. Our IT team has solved the problem, and you should now be able to access those data as normal.
June 6, 2022Recent News
