Bidweek

After one of the hottest months on record for some key natural gas regions, September baseload natural gas was trending mixed during the first two days of bidweek trading, which runs from Aug. 25-29. NGI’s Bidweek Alert showed the majority of U.S. locations falling month/month as temperatures are expected to ease seasonally in September. However,…

Chesapeake Energy Corp. executives said Wednesday they expect to announce more deals tied to the LNG market as the company aims to expose 15-20% of its natural gas production to international trade of the super-chilled fuel.  Earlier this year, Chesapeake clinched a tentative arrangement with global commodities trader Gunvor Group Ltd. to supply up to…

Baseload natural gas prices for August trended lower on the first day of bidweek trading, according to NGI’s Bidweek Alert. The modest price declines occurred against a backdrop of stubbornly high storage levels and lofty production levels, which have been offset only by strong summer heat in the West and Texas. Despite the modest weakness…

With intense summer heat in Texas and the South forecast to become more widespread beginning next month to drive up cooling demand, natural gas prices for July baseload delivery strengthened, according to NGI’s Bidweek Alert. Price increases were most significant on the West Coast, where triple-digit desert highs combined with an ongoing deficit in storage…

Baseload natural gas prices for May remained under pressure relative to benchmark Henry Hub as bidweek trading commenced on Monday, hindered by benign weather and continued strong production levels. Weakness was pronounced in the nation’s midsection, according to NGI’s Bidweek Alert (BWA), with prices low across the Midwest and Midcontinent. Chicago Citygate basis was trading…

Baseload natural gas prices for April were poised to plummet from already low levels, with weather models taking a decidedly warmer turn as bidweek trading got underway Monday. Losses were stout in the Northeast, according to NGI’s Bidweek Alert (BWA), even with the region likely to see chilly weather linger over the next few weeks.…

Natural gas prices are set to remain strong for September baseload gas amid domestic supply concerns and surging global prices ahead of the peak winter season, NGI’s Bidweek Alert (BWA) data showed. The majority of U.S. locations escaped wild swings month/month, but the hikes to already elevated prices are noteworthy given moderating weather across much…

Two leading Price Reporting Agencies (PRA) indicated that the decline in reported transactions has leveled off in recent years, and they remain confident that the data received from the market is sufficient to determine published natural gas indexes. Representatives from Natural Gas Intelligence and S&P Global Platts each cited recent stabilization in reporting numbers and…

Natural gas prompt-month futures traded about a penny higher ahead of expiration Monday, with the market’s attention turning to injection season as weather models pointed to some lingering cold risks for March. In the spot market, changes were mixed against a backdrop of generally lackluster Lower 48 demand; declines in California and West Texas countered gains along the East Coast, and the NGI National Spot Gas Average added 3 cents to $2.43.