Forward

With natural gas production remaining stout – even amid temporary shut-ins ahead of Hurricane Ian – and cooler weather leaving its mark on storage inventories, natural gas forward prices continued to fall during the Sept. 22-28 week, according to NGI’s Forward Look. In the latter part of the period, all attention was on Florida, where…

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

Having entered the summer cooling season at sharply elevated price levels, natural gas forwards pulled back during the May 25-June 1 trading period as the market continued to try to price in risks posed by lagging domestic inventories, according to NGI’s Forward Look. Fixed price declines of around 25-45 cents for July delivery were the…

A losing streak that continued for 12 consecutive days in the natural gas futures market weighed heavily on regional forward prices, with lackluster demand and strong production growth pushing prices down considerably at some pricing hubs.

May natural gas forward prices rose an average 8 cents from April 20 to 26, as increasing storage deficits put the ball back in market bulls’ court, albeit temporarily, according to NGI’s Forward Look.

Natural gas forward prices for April averaged 2 cents higher from Feb. 23 to March 1 as March comes roaring in like a lion, with several cold snaps following a mostly mild February, which could perhaps lead to heftier storage withdrawals in the coming weeks, according to NGI’s Forward Look.

Natural gas forward prices for March fell an average 13 cents between Feb. 2 and 8 as only brief periods of cold weather in the forecast were no match for record production, according to NGI’s Forward Look.

November natural gas forward prices fell an average 6 cents between Oct. 20 and Oct. 26 as record production and elusive cold weather forecast for the coming weeks weighed heavily on a market anxious to get the winter heating season underway, according to NGI’s Forward Look.

Natural gas forward prices for October rose an average 9 cents from Aug. 25 to 31, with the majority of that gain attributed to tight storage conditions that apparently just came to light for the market following this week’s storage report from the U.S. Energy Information Administration (EIA), according to NGI’s Forward Look.