Forward Look

Natural Gas Forwards Prices Vary by Region Amid Evolving Supply/Demand Outlook

Natural Gas Forwards Prices Vary by Region Amid Evolving Supply/Demand Outlook

Natural gas forwards prices were mixed, with mostly modest gains during the July 28-Aug. 3 trading period amid forecasts for minor easing in the intensity of summer heat through the middle of August, NGI’s Forward Look data show. Fixed price trading for September delivery at benchmark Henry Hub climbed 13 cents week/week to $8.135/MMBtu. That…

August 5, 2022
Scorching Summer Forecast Lifts Natural Gas Forwards Prices

Scorching Summer Forecast Lifts Natural Gas Forwards Prices

A sweltering summer temperature outlook overshadowed ongoing demand destruction from the Freeport LNG terminal outage to send natural gas forwards prices soaring during the July 7-13 trading period, NGI’s Forward Look data show. Fixed price trading for August delivery at benchmark Henry Hub surged $1.179 higher week/week to $6.690/MMBtu. That established the baseline for fixed…

July 15, 2022
Southeast Natural Gas Forward Basis Sharply Higher Amid Rampant Cooling Demand

Southeast Natural Gas Forward Basis Sharply Higher Amid Rampant Cooling Demand

Bears continued to tear into natural gas futures for the sixth straight week, sending August fixed prices down 87.0 cents on average for the period ending July 6, according to NGI’s Forward Look. September fixed prices put up similarly steep losses, which extended through the remainder of the summer (August-October). Notably, even the strip for…

July 8, 2022
Freeport LNG Outage Dominates North American Natural Gas Price Outlook

Freeport LNG Outage Dominates North American Natural Gas Price Outlook

An extended outage at the Freeport liquefied natural gas (LNG) terminal continued to dominate the North American natural gas price outlook during the June 9-15 trading period, casting a wide shadow over regional markets from coast to coast, NGI’s Forward Look data show. The initial outage following an explosion at the 2.0 Bcf/d Freeport terminal…

June 17, 2022
Supply Fears Keep Pressure on Natural Gas Forward Prices

Supply Fears Keep Pressure on Natural Gas Forward Prices

With warnings of higher prices still to come, natural gas forward prices mounted hefty gains for the trading period ending May 25, with prices nearing $9.00/MMBtu across much of the country and cresting $10.00 in California, according to NGI’s Forward Look. June fixed prices averaged 65.0 cents higher on the week, while the balance of…

May 27, 2022
Early Heat, Soft Supply Drive Natural Gas Forward Prices Higher; California Seeing $10 Summer

Early Heat, Soft Supply Drive Natural Gas Forward Prices Higher; California Seeing $10 Summer

Natural gas forwards rallied throughout the trading period ending May 18 as early-season heating demand, rising exports and production declines stoked supply concerns. June fixed prices jumped an average 64.0 cents, as did the balance of summer (June-October), according to NGI’s Forward Look. The winter 2022-2023 package (November-March) bounced an impressive 58.0 cents on average…

May 20, 2022
Natural Gas Forwards Fall Despite Escalating Storage Worries; Wildfire Threatening California Markets

Natural Gas Forwards Fall Despite Escalating Storage Worries; Wildfire Threatening California Markets

Against a backdrop of persistently wild swings, natural gas forward prices came tumbling down during the trading period from May 5-11, according to NGI’s Forward Look. June fixed natural gas prices averaged $1.130 lower on the week, with both the balance of summer (June-October) and the upcoming winter (November-March) also dropping more than $1.00, Forward…

May 13, 2022
Natural Gas Forwards Rally Continues, but ‘Feast or Famine’ Open May Lie Ahead

Natural Gas Forwards Rally Continues, but ‘Feast or Famine’ Open May Lie Ahead

Natural gas forward prices made huge leaps during the period ending May 4 as production struggled to grow beyond recent levels and heat began to intensify in parts of the country. With hefty storage deficits poised to hold steady for a while longer, June fixed prices rallied by an average $1.57/MMBtu, according to NGI’s Forward…

May 6, 2022
Natural Gas Forwards Mount Hefty Price Gains amid Robust Demand, Escalating Global Tensions

Natural Gas Forwards Mount Hefty Price Gains amid Robust Demand, Escalating Global Tensions

In a continuation of an eventful shoulder season marked by supply fears and geopolitical anxieties, the April 21-27 trading period brought futures volatility and broad gains at most natural gas forward trading locations, NGI’s Forward Look data show. Outside of a few hubs in the Rockies, Southwest and Texas, where pipeline maintenance appeared to impact…

April 29, 2022
Natural Gas Forwards Rally as Underperforming Production Numbers Put Bulls in Control

Natural Gas Forwards Rally as Underperforming Production Numbers Put Bulls in Control

Eschewing the typical shoulder-season themes characteristic of more moderate weather-driven demand, natural gas forwards rallied sharply during the March 31-April 6 trading period as signs of stubbornly stagnating production levels stoked supply adequacy fears. The majority of Lower 48 hubs posted fixed price gains of around 40-60 cents week/week for the May contract, with benchmark…

April 8, 2022
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