Forward Look

Both regional natural gas forwards and Nymex futures came under selling pressure during the Aug. 17-23 trading period as the market looked beyond recent sweltering summer temperatures, which have only dented a lingering inventory surplus. Fixed prices at benchmark Henry Hub slid 9.5 cents to $2.494/MMBtu for September delivery, NGI’s Forward Look data show. Fixed…

Natural gas forward prices retreated through the Aug. 10-16 period as long-range forecasts point to a cooler end to the month with an increase in tropical activity. Strong production levels outside of maintenance, lagging LNG demand and robust underground stocks also weighed on the market, sending September forward prices down an average 25.0 cents, according…

An overall bullish week for natural gas markets saw regional forwards rally sharply from coast to coast during the Aug. 3-9 trading period, while a mix of strong demand and supply constraints helped drive outsized gains for the western Lower 48, NGI’s Forward Look data show. National benchmark Henry Hub set the pace for sizable…

Widespread gains for the scorching West the notable exception, regional natural gas forwards generally skidded lower during the July 27-Aug. 3 trading period, NGI’s Forward Look data show. For western U.S. hubs, enduring summer heat and an ongoing regional storage deficit put upward pressure on the late-injection-season contract months week/week. SoCal Citygate fixed prices jumped…

With dangerous heat leaving California electric grid operators struggling to meet heightened demand, natural gas forward prices in the southern part of the state rallied sharply from July 20-26, according to NGI’s Forward Look. Daytime temperatures have lingered at or above the century mark for most of July in parts of California, driving up cooling…

Natural gas forward prices remained largely range bound in mid-July, but blazing heat out West led to huge, double-digit gains in the region for the rest of summer. Still, with a persistently large storage surplus and lackluster cooling demand across most of the rest of the country, August fixed prices averaged a moderate 11.0 cents…

Natural gas forward prices were mostly higher for the July 6-12 period as a drop in production and sweltering summer heat drove larger-than-normal gains in Appalachia and the Southeast, according to NGI’s Forward Look. August forward prices climbed an average of 4.0 cents through the period, Forward Look data showed. The balance of summer (August-October)…

Amid signs of renewed production strength, and with seasonal to cooler-leaning summer temperatures expected over population centers in the Midwest and Northeast, natural gas forwards ceded ground during the June 29-July 5 trading period, NGI’s Forward Look data show. Natural gas fixed prices at benchmark Henry Hub shed 1.7 cents for the period to end…

Sustained sweltering heat over Texas helped stir bullish sentiment, promoting broad-based gains for regional natural gas forwards during the June 15-21 trading period, NGI’s Forward Look data show. As the Lone Star State heat wave firmed up the cooling demand outlook just in time for the official start of summer, July fixed prices at benchmark…