Forward Look

Increasing Warm November Saps Momentum in Natural Gas Forward Prices; Widow-Maker Shrinking

Increasing Warm November Saps Momentum in Natural Gas Forward Prices; Widow-Maker Shrinking

“Insanely tight” supply/demand balances notwithstanding, weather dominated natural gas forward markets for the Oct. 29-Nov. 4 period. With an extremely mild forecast for the next two weeks at least, prices for December and the remaining months of winter fell sharply. Smaller, single-digit losses were seen further out the curve. The steep declines mimicked the slide…

November 6, 2020
Nymex Futures Stabilize, but Some U.S. Markets Pressured by Weak Demand, Pipeline Work

Nymex Futures Stabilize, but Some U.S. Markets Pressured by Weak Demand, Pipeline Work

Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…

October 30, 2020
Rising Export Demand Fuels Big Rally for Natural Gas Forward Prices

Rising Export Demand Fuels Big Rally for Natural Gas Forward Prices

After multiple setbacks, liquefied natural gas (LNG) demand ramped up in a big way during the Oct. 15-21 period, tightening up supply/demand balances and boosting natural gas forward prices across the country, according to NGI’s Forward Look. November prices jumped an average 26.0 cents for the period, with double-digit gains extending through the winter months…

October 23, 2020
LNG Demand Recovery, Early Cold in Focus as Natural Gas Futures Edge Higher

LNG Demand Recovery, Early Cold in Focus as Natural Gas Futures Edge Higher

Natural gas forward prices were generally higher during the Oct. 8-14 period, supported by lower production and chilly weather forecasts for some parts of the country later this month. However, the markets also faced some headwinds, namely another setback in the full recovery of Gulf Coast exports and weak demand in key Lower 48 regions.…

October 16, 2020
Natural Gas Forward Market Volatility Ramps Up as Delta Slashes LNG Demand

Natural Gas Forward Market Volatility Ramps Up as Delta Slashes LNG Demand

Big swings continued for winter natural gas forwards during the Oct. 1-7 period, with forecasts for much tighter supply/demand balances driving prices about 10 cents higher on average for November-March, according to NGI’s Forward Look. Most U.S. markets mirrored the action along the Nymex futures curve, but other factors came into play for several key…

October 9, 2020
Rampant Volatility Continues for Natural Gas Forwards as Downside Risk Looms

Rampant Volatility Continues for Natural Gas Forwards as Downside Risk Looms

A “very weak demand” picture quickly sapped last week’s momentum for natural gas forward prices, with November contracts plunging an average 26.0 cents for the Sept. 24-30 period, according to NGI’s Forward Look. December on average dropped half as much.  Unlike earlier in September when the 2020-2021 winter strip (November-March) remained largely immune to steep…

October 2, 2020
‘Irrational’ Trading Continues for Natural Gas Forward Prices as LNG Volumes Return, Weather Set to Cool

‘Irrational’ Trading Continues for Natural Gas Forward Prices as LNG Volumes Return, Weather Set to Cool

After sliding for much of the month, natural gas forwards rocketed higher during the Sept. 17-23 period as export demand steadily increased and on cooler changes to the long-range forecast. October prices jumped an average 17.0 cents during that time, while November launched 23.0 cents higher on average, according to NGI’s Forward Look. Strong, double-digit…

September 25, 2020
Tides Possibly Turning for Natural Gas Forward Prices After Solid Rally

Tides Possibly Turning for Natural Gas Forward Prices After Solid Rally

After sliding for much of the month, natural gas forwards rocketed higher during the Sept. 17-23 period as export demand steadily increased and on cooler changes to the long-range forecast. October prices jumped an average 17.0 cents during that time, while November launched 23.0 cents higher on average, according to NGI’s Forward Look. Strong, double-digit…

September 24, 2020
Natural Gas Bulls, Bears Battle for $2 Gas in Continued Slide for Forward Prices

Natural Gas Bulls, Bears Battle for $2 Gas in Continued Slide for Forward Prices

The losses continued for natural gas forward prices during the Sept. 10-16 period, with cooling weather and increasing storage concerns pouring salt in the wound left by the lingering shutdown of the Cameron liquefied natural gas (LNG) export terminal in the wake of Hurricane Laura. October natural gas fell an average 7.0 cents over the…

September 18, 2020
Containment Risk Drags Down Natural Gas Forward Curves

Containment Risk Drags Down Natural Gas Forward Curves

Natural gas forward prices recorded another week in the red as feed gas demand to Gulf Coast export facilities remained low after Hurricane Laura shuttered operations at two key gas export terminals. Though operations have since resumed at the Sabine Pass liquefied natural gas (LNG) facility and feed gas has risen, the damage to prices…

September 11, 2020