Algonquin Citygate

Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble 

Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble 

Weekly natural gas cash prices gained ground on the back of strong gains in West Texas in a week that was marked by stronger LNG feed gas flows and modestly higher weather-driven demand.  NGI’s Weekly Spot Gas National Avg. for the April 22-26 trading period climbed 9.5 cents to $1.230/MMBtu. Among the top weekly gainers,…

April 26, 2024
Natural Gas Futures Climb for Second Day as Maintenance Sends Output Lower

Natural Gas Futures Climb for Second Day as Maintenance Sends Output Lower

Natural gas futures finished higher Tuesday after a choppy session that began in the red, supported by a rebound in U.S. LNG exports and a blitz of pipeline maintenance that sent gas production estimates lower. At A Glance: West Texas prices flip positive MVP pipeline ready to start in May Production falls below 97 Bcf/d…

April 23, 2024
May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip

May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip

Natural gas futures struggled to find direction on Friday, trading in a narrow range of gains and losses throughout the session. Favorable near-term weather forecasts and continued light production estimates were countered by export weakness and only modest improvement in supply/demand balances evidenced in the latest government inventory data. At A Glance: Output near 98…

April 19, 2024
Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk

Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk

Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…

April 11, 2024
April Natural Gas Price Rally Stifled by Weather Outlook, Possible Storage Build; Cash Prices Mixed

April Natural Gas Price Rally Stifled by Weather Outlook, Possible Storage Build; Cash Prices Mixed

April Nymex natural gas futures’ advance was cut short after two days as weather outlooks that supported gains early in the week shifted warmer midweek. Pressure was added while the market braces for a possible small storage injection in the U.S. Energy Information Administration (EIA) storage data that would further widen the inventory overhang. At…

March 20, 2024
Natural Gas Futures Head for Positive Session But Fall from Morning Highs — MidDay Market Snapshot

Natural Gas Futures Head for Positive Session But Fall from Morning Highs — MidDay Market Snapshot

Natural gas futures retreat from early highs as market continues monitoring signs of production decline Expiring March Nymex contract trading at $1.656 as of 2:28 p.m. ET, up 5.3 cents day/day but off from $1.730 high Bloomberg estimates put domestic production at 102.5 Bcf/d for Monday; Wood Mackenzie’s estimate at 102.9 Bcf/d Per Gelber &…

February 26, 2024
Natural Gas Futures Finally Find Fresh Footing, Post Modest Advance; Cash Prices Mixed

Natural Gas Futures Finally Find Fresh Footing, Post Modest Advance; Cash Prices Mixed

For the first time in nine sessions, natural gas futures on Friday forged ahead as discount buying finally overtook the mild weather forecasts and elevated supplies that had sapped the will of price bulls most of this month. At A Glance: Prompt month gains 2.8 cents  Bargain buying saves the day Fundamentals ‘indelibly weak’ The…

February 16, 2024
Loveless Day for Natural Gas Futures as March Tanks Amid Heartless Fundamentals

Loveless Day for Natural Gas Futures as March Tanks Amid Heartless Fundamentals

March Nymex natural gas futures sank another 8.0 cents as the market searched for a low that would coax producers to trim output amid dashed hopes for enough cold weather to tighten supplies ahead of the shoulder season. At A Glance: March futures crumble 8.0 cents No demand support from weather Producer signals strong output…

February 14, 2024
National Grid Seeks to Keep Everett LNG Open Through the Decade as East Coast Supply Safeguard

National Grid Seeks to Keep Everett LNG Open Through the Decade as East Coast Supply Safeguard

National Grid plc has asked Massachusetts regulators to approve a deal with Constellation Energy Corp. that could keep the Everett LNG terminal open to serve almost one million East Coast natural gas customers during periods of peak demand. With its 1,400 MW Mystic Generating Station slated for retirement later in the year, Constellation has said…

February 13, 2024
March Natural Gas Rout Extended as ‘Search of Bullish Catalysts’ Continues; Cash Up

March Natural Gas Rout Extended as ‘Search of Bullish Catalysts’ Continues; Cash Up

Natural gas futures extended losses into a fifth consecutive session Monday as fundamental support continued to evade, leaving little for the market to latch onto to drive March Nymex natural gas out of the basement and off more than three-year lows. At A Glance: Futures tumble 7.9 cents  Bearish fundamentals persist West Texas bucks cash…

February 12, 2024
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