Forward Look

Production Cuts Boost Natural Gas Forwards as Signs Point to Slower Growth Ahead

Production Cuts Boost Natural Gas Forwards as Signs Point to Slower Growth Ahead

With Lower 48 natural gas production well off recent highs, forward prices continued to strengthen May 2-8 despite the absence of any early-summer heat to drive demand. Gains were small, however, as temporary pipeline maintenance was to blame for a significant chunk of the supply cuts.

May 9, 2019
Natural Gas Forward Curves Catapult Higher as Storage Concerns Grow

Natural Gas Forward Curves Catapult Higher as Storage Concerns Grow

September natural gas prices jumped an average 13 cents from Aug. 2-9, fueled by growing concerns about persistently low storage inventories that led to a six-day rally in Nymex futures, according to NGI’s Forward Look.

August 10, 2018
Heat, Low Storage Levels No Match for Summer Natural Gas Futures Doldrums

Heat, Low Storage Levels No Match for Summer Natural Gas Futures Doldrums

If you’re looking to the natural gas futures strip for any meaningful price action — which should be a given considering the sweltering summer weather, low storage inventories and relatively stagnant production — you’ll need to look elsewhere.

August 3, 2018
Heat, Storage Sparring with Production Muscle; August Natural Gas Forwards Edge Up a Penny on Week

Heat, Storage Sparring with Production Muscle; August Natural Gas Forwards Edge Up a Penny on Week

Dry natural gas production in the Lower 48 has continued to soar to new heights, closing in on 81 Bcf/d in recent days, but persistent storage deficits and lingering heat in some regions have market bulls going the distance in an ongoing battle for natural gas prices. August forward prices rose a penny on average between July 5 and 11, according to NGI’s Forward Look.

July 12, 2018

Storage Shortage, Growing Demand Put Pressure on June Natural Gas

Natural gas forward prices for June rose an average 6 cents from May 11 to 17 as weather forecasts for the second half of May leaned toward more widespread warmth, with weak pricing likely to incentivize more power demand. Meanwhile, a storage report that confirmed the market’s concerns about current deficits weighed on forward prices through the summer, according to NGI’s Forward Look.

May 18, 2018
Natural Gas June Prices Down as Spring (and Maybe Summer) Has Arrived

Natural Gas June Prices Down as Spring (and Maybe Summer) Has Arrived

Natural gas prices for June fell an average of 5 cents from April 27-May 4 as an increasingly bearish weather outlook for the remainder of May added to pressure already being brought on by heavy producer selling, according to NGI’s Forward Look.

May 4, 2018
May Natural Gas Forwards Values Slip as Winter’s Close Expected Later This Month

May Natural Gas Forwards Values Slip as Winter’s Close Expected Later This Month

May natural gas forward prices fell an average 5 cents between March 30 and April 5 as near-record production and milder weather on tap for the latter part of April dashed any lingering hopes for market bulls, according to NGI’s Forward Look.

April 9, 2018
Winter (Nearly) Dunzo; May Natural Gas Slides on Milder Temps, Growing Production

Winter (Nearly) Dunzo; May Natural Gas Slides on Milder Temps, Growing Production

May natural gas forward prices fell an average 5 cents between March 30 and April 5 as near-record production and milder weather on tap for the latter part of April dashed any lingering hopes for market bulls, according to NGI’s Forward Look.

April 6, 2018
April NatGas Forwards Mostly Lower on Robust Supply; Some Markets Surge on Depleted Storage, Pipe Restrictions

April NatGas Forwards Mostly Lower on Robust Supply; Some Markets Surge on Depleted Storage, Pipe Restrictions

April natural gas prices fell an average 6 cents from March 16-22 as not even a cold weather forecast for early April could turn traders’ attention from near-record production, according to NGI’s Forward Look.

March 23, 2018
Plump Storage Injection Too Little Too Late to Stop NatGas Forwards Rally

Plump Storage Injection Too Little Too Late to Stop NatGas Forwards Rally

Natural gas forward prices for October rose an average 17 cents from Sept. 8-14 as weather forecasts called for warmer-than-normal temperatures to finish out the month, according to NGI’s Forward Look. But the market’s realization that demand destruction caused by Hurricane Irma may have been overestimated also weighed on forwards this week.

September 15, 2017