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Weekly Natural Gas Spot Prices, Futures Flounder Amid Mild Weather Outlook, West Texas Weakness
Natural Gas Prices
Weekly Natural Gas Cash Prices Vary as Late Chill Supports
Weekly natural gas cash prices were mixed during the week as some regions were supported by cold weather-driven demand, offset by widening storage surpluses and Freeport LNG’s plans to take two trains offline. NGI’s Weekly Spot Gas National Avg. for the March 18-22 trading period gained 13.0 cents/MMBtu to $1.355. West Texas hub values mostly…
March 22, 2024Natural Gas Prices
Weekly Natural Gas Cash Prices Knocked Down by Early Spring Weather
Weekly natural gas cash prices fell during the week to their lowest levels in years, undercut by the early onset of weak spring-like seasonal demand and continued delays in the restart of Freeport LNG’s third train. NGI’s Weekly Spot Gas National Avg. for the March 11-15 trading period fell 24.5 cents/MMBtu to $1.225 as some…
March 15, 2024Natural Gas Prices
Weekly Natural Gas Cash Prices Rise as Production Cuts Take Hold
Weekly natural gas cash prices rose in the week as production cuts played catch-up with winter’s early demise in an attempt to balance markets and slow growing storage surpluses. NGI’s Weekly Spot Gas National Avg. for the March 4-8 trading period rose 3.0 cents/MMBtu to $1.470. Bucking the trend higher, West Texas spot prices fell…
March 8, 2024Natural Gas Prices
Weekly Natural Gas Cash Prices Fail to Follow Futures Higher As Winter Fades
Weekly natural gas cash prices sank to their lowest levels of the year as weakening weather-driven demand outweighed supportive trends in production and LNG exports. NGI’s Weekly Spot Gas National Avg. for the February 29 to March 1 trading period for March gas delivery fell 11.0 cents/MMBtu to $1.440. Leading regional declines were the Northeast…
March 1, 2024Recent News
Natural Gas Prices
Weekly Natural Gas Cash Prices Fail to Follow Futures Higher As Winter Fades
Mar 1, 2024Natural Gas Prices