Forward Look

A tightening backdrop in the natural gas market – in part because of unrelenting export demand and its impact on domestic supplies – fueled continued momentum for forward prices through the trading period ending March 23.  Fixed prices rallied by as much as 25.0 cents for the April contract, with similarly plump increases seen throughout…

Modest strengthening in the late-winter, weather-driven demand outlook and lagging production helped drive widespread gains for natural gas forwards during the March 10-16 trading period, NGI’s Forward Look data show.  Week/week gains of around 10-25 cents characterized price action at most Lower 48 hubs, paced by a 22.2-cent gain for fixed price April trading at…

Natural gas forward prices broke free from oil and other commodities during the March 3-9 period, sending prices sliding ahead of an expected warmup next week, according to NGI’s Forward Look. April fixed prices fell an average 20.0 cents during that time, while the summer strip (April-October) came off 14.0 cents on average, Forward Look…

Natural gas forwards bounced back from a late-February slump as the fallout from Russia’s attack on Ukraine exposed the far reaching consequences of the war. Armed with the potential for chilly weather to return to the Lower 48, April fixed prices rallied by an average 14.0 cents from Feb. 24-March 2, according to NGI’s Forward…

With the end of winter in clear view and March forecasts far from threatening, natural gas forward prices retreated throughout the Lower 48 during the Feb. 17-23 trading period, NGI’s Forward Look data show. March fixed price forwards at benchmark Henry Hub shed 9.4 cents during the period to average $4.633/MMBtu. Front month fixed price…

With signs of a February warm-up going a long way toward assuaging any lingering supply concerns, natural gas forwards plummeted during the Feb. 2-9 trading period, NGI’s Forward Look data show. Shedding value like a winter coat on an unseasonably warm sunny afternoon, benchmark Henry Hub fixed price trades plunged $1.492 to average $4.019/MMBtu during…

Implying easing concerns over winter price upside, the Jan. 19-26 trading period brought widespread basis discounts for February natural gas forwards, while a borderline absurd futures rally served up a reminder that heating season volatility is far from over. Hubs across the Northeast, Rockies, Midcontinent and West Coast posted week/week February basis discounts of anywhere…

Natural gas traders turned a blind eye to some of the coldest weather of the winter descending upon the country, sending natural gas forward prices plummeting across the country during the trading period from Jan. 13-19, NGI’s Forward Look showed. While fixed prices for the February contract came off as much as $2.610/MMBtu at a…

As natural gas traders in the western United States braced for higher demand, prices throughout the rest of the country continued to erode during the five-day Dec. 2-8 trading period, NGI’s Forward Look data show. January fixed price trades for delivery at Henry Hub fell 44.3 cents week/week to $3.835/MMBtu, and most Lower 48 hubs…