Story of the day
Soft Demand, Stout Supplies Bruise Weekly Natural Gas Spot Prices, Futures
Markets
Weekly Natural Gas Spot Prices, Futures Advance Amid Signs of Production Pullback
Weekly natural gas cash prices snapped a May losing streak, bolstered by expectations that production will scale back in the coming weeks and months. NGI’s Weekly Spot Gas National Avg. for the May 15-19 period rose 33.5 cents to $2.050/MMBtu. The average had declined each of the two previous weeks amid pleasant weather. Weather conditions…
May 19, 2023Markets
Weekly Natural Gas Spot Prices Stumble; Futures See-Saw But Finish Strong
Weekly natural gas cash prices fell again amid benign shoulder season weather and stout supplies. NGI’s Weekly Spot Gas National Avg. for the May 8-12 period slumped 15.0 cents to $1.715. The average dropped 30.0 cents the prior week. Production pulled back early in the week amid maintenance events and wildfires in western Canada. But…
May 12, 2023Markets
Weekly Natural Gas Spot Prices, Futures Fall as Demand Dips, Supplies Swell
Weekly natural gas cash prices dropped amid mild temperatures and weakening demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 1-5 period fell 30.0 cents to $1.865/MMBtu. Conditions during the week largely favored bears. Production held around 100 Bcf/d most days – well above year-earlier levels and within…
May 5, 2023Markets
Spring Chill Fuels Weekly Spot Natural Gas Prices, while Technicals Lift Nymex Futures
Cooler spring temperatures provided modest support to spot natural gas prices across most of the United States during the April 24-27 trading period, which covered gas deliveries through April 30. However, warmer temperatures arriving on the West Coast led to sharp price declines there, leaving NGI’s Weekly Spot Gas National Avg. off a half-cent to…
April 28, 2023Recent News
Markets
