Unable to escape a bearish fundamental outlook informed by production outperformance and mild December weather, regional natural gas forwards saw heavy discounts during the Nov. 30-Dec. 6 trading period, NGI’s Forward Look data show. National benchmark Henry Hub fell to $2.575/MMBtu for January delivery, a 24.4-cent slide versus week-earlier prices. Winter bulls found little refuge…
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Natural Gas Forwards Pressured Lower on Supply, Mild Temps; East Coast Basis Strengthens
Facing a mild December forecast and record-level production flowing into the market, regional natural gas forwards underwent widespread selling during the Nov. 22-29 period, NGI’s Forward Look data show. January fixed prices at benchmark Henry Hub sold off 17.8 cents to end the period at $2.819/MMBtu, and January discounts of around 15 cents or more…
Natural Gas Forward Prices Retreat on Production Boom, Mild December Weather
Booming production numbers and the possibility of underwhelming December weather had natural gas prices reeling during the Nov. 16-21 period, with both regional forwards and Nymex futures posting sizable discounts. In the face of record-level supply flooding the market, bulls seemed ready to throw in the towel on winter as fixed prices for December at…
Natural Gas Forwards Mixed as Traders Weigh Late November Cold, Soaring Production
Front-month natural gas forwards finished higher at most Lower 48 hubs during the Nov. 8-15 trading period, though bearish price action farther along the strip suggested a market incrementally less convinced of winter upside, according to NGI’s Forward Look. Fixed prices at Henry Hub picked up 5.1 cents for December delivery to end the period…
Natural Gas Forward Prices Discounted at Coastal Demand Hubs as Forecasts Fail to Impress
Mixed trends in regional natural gas forwards trading for the Oct. 26-Nov. 1 period saw prices climb modestly for much of the Lower 48, though mild early winter forecasts put pressure on coastal demand hubs, particularly at the front of the curve. According to NGI’s Forward Look data, fixed prices for December delivery at benchmark…
Natural Gas Forwards Surge, Though Some Western Prices Down on Near-Term Warmth
Aside from some nearer term discounts at elevated western hubs, Lower 48 natural gas forwards raced higher during the Oct. 5-11 trading period, riding a wave of bullish sentiment in Nymex futures and at benchmark Henry Hub, NGI’s Forward Look data show. A bullish surprise from the U.S. Energy Information Administration’s (EIA) Oct. 5 natural…
East, West Traders Price in Winter Risks as Natural Gas Forwards Mixed
Regional natural gas forwards were mixed during the Sept. 21-27 period as traders gauged winter upside potential against a backdrop of soft shoulder season fundamentals, NGI’s Forward Look data show. November fixed prices at Henry Hub eased 2.2 cents to end at $2.902/MMBtu. Fixed price discounts for November delivery were common throughout the Lower 48,…
South Central Gains, Coastal Selling in Mixed Week of Natural Gas Forwards Trading
A mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading period shows. With nary a hint of intimidating early season cold, at least for now,…
Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold
A mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading period shows. With nary a hint of intimidating early season cold, at least for now,…
Natural Gas Forwards Post Steep Discounts, but Dwindling Storage Surplus May Spark Recovery
With Starbucks’ pumpkin-spice lattes in hand, natural gas traders sent forward prices plummeting as crisp air began moving into the country even as Texas continued to bake under triple-digit temperatures. October forward prices fell by an average 30.0 cents from Aug. 31-Sept. 6, with West Coast markets leading the way as losses there were more…