Forward Look

Regional natural gas forwards generally pushed higher at the front of the curve during the Feb. 29-March 6 trading period as ebbing production strengthened the price outlook for a market dealing with excess supply exiting winter, NGI’s Forward Look data show. Fixed prices for April delivery at benchmark Henry Hub added 4.0 cents for the…

A wave of bullish optimism, tied to the production cuts announced recently by Chesapeake Energy Corp., also lifted regional natural gas forwards higher during the Feb. 15-21 trading period, NGI’s Forward Look data show. For numerous Lower 48 trading locations, the most pronounced week/week fixed price gains occurred further along the strip during the 2024…

Regional natural gas forward prices came under bearish pressure across the curve during the Jan. 25-31 trading period as recovering production volumes and blowtorch winter temperatures foreshadowed excess supply heading into the upcoming injection season. Henry Hub fixed prices shed 16.0 cents for March delivery, ending the period at $2.112/MMBtu, NGI’s Forward Look data show.…

Natural gas forwards retreated during the Jan. 11-17 trading period as impacts to both supply and demand from recent Arctic weather began to subside and as a much milder late January pattern came into sharper focus. After surging in the week-earlier period, fixed prices from coast-to-coast fell back down, NGI’s Forward Look data show. Despite…

With a mid-January arctic blast lining up to drive strong heating demand and disrupt production volumes, regional natural gas forwards raced higher during the Jan. 4-10 trading period, NGI’s Forward Look data show. Markets across the country braced for freezing and even subzero temperatures, with frigid temperatures and severe weather already developing ahead of the…

A new year brought a new outlook to regional natural gas forwards markets during the Dec. 28-Jan. 3 period, NGI’s Forward Look data show. Coming off a balmy December, forecasts during the period teased the arrival of markedly more winter-like conditions through this month, and traders responded by locking in double digit near month fixed…

For much of the Lower 48, regional natural gas prices gained during the Dec. 21-27 trading period amid hopes for a chillier new year, though winter basis premiums continued to fade at certain hubs, NGI’s Forward Look data show. January fixed prices at Henry Hub rallied 17.7 cents to exit the period at $2.629/MMBtu. February…

Aside from further discounts at Western Lower 48 hubs, natural gas forwards generally gained ground during the Dec. 14-20 trading period as the prospect of chillier conditions arriving in early 2024 lent support to prices. Fixed prices for January and February delivery rallied week/week at Henry Hub. The January contract at the national benchmark exited…

The combination of unseasonably light weather-driven demand and record-level production continued to deal one bearish blow after another to regional natural gas prices during the Dec. 7-13 trading period, data from NGI’s Forward Look show. Traders locked in fixed price discounts from coast-to-coast for the period, with Henry Hub down to $2.342/MMBtu for January delivery,…