Natural gas forward prices for March fell an average 13 cents between Feb. 2 and 8 as only brief periods of cold weather in the forecast were no match for record production, according to NGI’s Forward Look.
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Articles from Fell
No Way But Down For NatGas Forwards Amid Improving Storage, Returning Supply and Mild Temps
Natural gas prices for October fell an average 12 cents from Sept. 1 to 6 as a trifecta of factors created the only logical path for forward markets during the short holiday week, according to NGI’s Forward Look. NGI was closed Sept. 4 in observance of Labor Day.
September 7, 2017
First Storage Build On Tap; April Seen A Penny Lower
April natural gas is expected to open a penny lower Thursday morning at $1.78 as traders juggle a changing weather outlook with indications that storage is filling fast. Overnight oil markets fell.
March 24, 2016
Analysts Looking Long, But November Seen A Nickel Lower
November natural gas is set to open 5 cents lower Wednesday morning at $2.43 as forecasters tweak their predictions to the warm side. Overnight oil markets fell.
October 21, 2015
Weather Inches Warmer; September Called Up 3 Cents
September natural gas is expected to open 3 cents higher Wednesday morning at $2.73 as overnight six- to 10-day weather models turned slightly warmer. Overnight oil markets fell.
August 19, 2015
U.S. Rig Decline Pace Quickened Slightly
The decline in U.S. rigs on a year/year basis gained momentum, as evidenced by the most recent Baker Hughes Inc. rig count. The total U.S. rig count fell 41% year/year for the week ending March 20 versus 38% year/year in the previous week’s count.
March 20, 2015
Physical, Futures, Waltz Lower as Storage Builds, Karen Threatens
Natural gas prices for Friday delivery fell a nickel on average Thursday as most traders elected to get their deals done ahead of a government storage report that was expected to have bearish overtones.
October 4, 2013
Cash, Futures Ease, But Trader Sees Seasonal Advance
Nearly all active physical natural gas trading points declined Friday weekend and Monday delivery. The average setback was 8 cents, with Rockies points dropping a dime and losses at New England points closer to a nickel.
September 23, 2013
Marcellus, Midcontinent No Match For Broad Cash Weakness; Futures Flounder
Physical natural gas prices for Tuesday delivery overall fell a penny on average Monday as most points fluctuated within a few cents of unchanged. Modest strength in the Midcontinent and double-digit gains at certain Marcellus points were unable to offset broad weakness elsewhere. At the close of trading October futures had retreated 8.5 cents to $3.602 and November was off 8.6 cents to $3.677. November crude oil dropped $1.16 to $103.59/bbl.
September 23, 2013
Weak Northeast and East Spark Broad Cash Decline; Futures Advance
Physical natural gas prices for Friday delivery fell an average 9 cents in Thursday’s trading. Physical traders will typically try to get their deals done before the release of government inventory figures, but physical prices had their own volatility to deal with in the form of sharp changes in the near-term weather picture.
September 13, 2013
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