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Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday. At A Glance: Freeport LNG Train 3 trips EQT sees curtailments through May Analysts expect above-average build The May Nymex contract dove around 10.0 cents in the…

April 24, 2024
Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production

Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production

Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…

April 19, 2024
Heavy Supply Overhang, Enduring West Texas Price Pressure Weigh Down Natural Gas Forwards

Heavy Supply Overhang, Enduring West Texas Price Pressure Weigh Down Natural Gas Forwards

Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…

April 18, 2024
May Natural Gas Futures Jump as NGTL Pipeline Incident Rattles Market

May Natural Gas Futures Jump as NGTL Pipeline Incident Rattles Market

Natural gas futures jumped higher Tuesday afternoon after reports of a pipeline incident in Alberta broke up an otherwise quiet shoulder season day of trading. At A Glance: Production at 97.4 Bcf/d Weak spring season demand National Avg. back above $1 The May Nymex contract rose 4.1 cents day/day to settle at $1.732/MMBtu. Futures spiked…

April 16, 2024
Negative West Texas Prices Weigh Down Weekly Spot Natural Gas Average; Futures See-Saw

Negative West Texas Prices Weigh Down Weekly Spot Natural Gas Average; Futures See-Saw

Despite bullish national production readings, weekly natural gas cash prices retreated alongside a West Texas supply glut and festering headwinds in the region.  NGI’s Weekly Spot Gas National Avg. for the April 8-12 period lost 25.0 cents to $1.210/MMBtu. West Texas prices, as they did the prior week, proved the principal source of weakness. Waha…

April 12, 2024
Permian Natural Gas Forwards Plunge; Prices Steady Elsewhere on Shoulder Season Conditions 

Permian Natural Gas Forwards Plunge; Prices Steady Elsewhere on Shoulder Season Conditions 

With the market weighing mild shoulder season weather and bloated storage against weaker production, regional natural gas forward prices generally held steady at the front of the curve during the April 4-10 trading period. Fixed prices at benchmark Henry Hub finished the period at $1.888/MMBtu for May delivery, up 4.3 cents week/week, according to NGI’s…

April 12, 2024
April Natural Gas Bidweek Prices Stay Lower on Second Day of Trade

April Natural Gas Bidweek Prices Stay Lower on Second Day of Trade

The second day of natural gas bidweek trading Monday (March 25) saw baseload prices maintain the weakening trend that began Friday, according to NGI’s Bidweek Alert (BWA). Deal volumes slowed somewhat from Friday levels. Bidweek trading concludes on Tuesday. Leading on volume for deals, Dawn in the Midwest saw 80 total deals. Its basis trading…

March 26, 2024
West Texas Spot Natural Gas Prices Tank as Pipeline Work Traps Supply 

West Texas Spot Natural Gas Prices Tank as Pipeline Work Traps Supply 

Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand. Waha Hub spot prices for next-day delivery tumbled 72.0 cents day/day to minus 54.5 cents. The last time Waha’s…

March 6, 2024
Natural Gas Futures Continue Rally as EQT Cuts Provide Impetus — MidDay Market Snapshot

Natural Gas Futures Continue Rally as EQT Cuts Provide Impetus — MidDay Market Snapshot

Nymex front month maintaining early gains through midday trading, buoyed by EQT Corp. announcing 1.0 Bcf/d production cut April Nymex contract up 9.2 cents to $1.927/MMBtu as of 2:08 p.m. ET; July up 11.0 cents to $2.576 Per EQT: Curtailments began in late February and to continue through March Northeast dry gas production at 33.3…

March 4, 2024
‘Stable’ Natural Gas Still Seen Critical to California Energy Mix Despite Hydro Power Rebound

‘Stable’ Natural Gas Still Seen Critical to California Energy Mix Despite Hydro Power Rebound

As California utilities prepare their systems for upcoming summer demand, hydro-electric generation and other renewable resources remain important tools in the state’s energy resource toolbox. However, natural gas is crucial to the stabilization of the power grid, particularly during extreme events, according to state regulators. The California Energy Commission (CEC) is anticipating more robust hydro…

February 28, 2024
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