henry hub

Natural gas futures tumbled early Wednesday, threatening a second day of losses, but prices rebounded in afternoon trading as new data showed production declined, exports climbed and weather forecasts pointed to strong cooling demand in the weeks ahead. The July Nymex contract settled at $3.251/MMBtu, up 1.1 cents day/day. It marked the sixth day of…

Natural gas futures edged up early Wednesday as traders mulled an increasingly hot June forecast against a projected hefty storage build. Though briefly moving into the red, the July Nymex gas futures contract settled Wednesday at $3.129, up a mere one-tenth of a cent on the day. August climbed four-tenths of a cent to $3.144.…

Forecasts promising toasty temperatures during the second week of June prompted double-digit gains for natural gas forwards prices at numerous Lower 48 hubs during the trading week ended June 2, according to NGI’s Forward Look. A prominent increase in cooling demand expectations from forecasts over the Memorial Day weekend sent Nymex futures sharply higher in…

Global natural gas prices moved higher Tuesday, recovering losses late last week as a warmer shift in forecasts was seen lifting demand in places like the United States and Asia.  In Europe, where colder spring weather has been driving abnormal heating demand for this time of year, temperatures are heating up. Natural gas prices on…

Natural gas futures advanced for a second straight day on Wednesday as production dipped and all indications pointed to continued strong demand for U.S. liquefied natural gas (LNG). The June Nymex contract settled at $2.969/MMBtu, up 1.4 cents day/day. July rose 1.9 cents to $3.018. NGI’s Spot Gas National Avg., however, declined 2.0 cents to…

Petróleo Brasileiro SA (Petrobras) said on Monday it will allow prices indexed to Henry Hub to be used in the sale of natural gas to distributors. The move is part of an ongoing gas market reform spurred by new legislation opening the midstream and downstream segments to new players. Inspired by the “prospect of a…

European and Asian natural gas prices continued moving higher last week and again finished strong on Monday as the regions competed for supplies.  Lingering cold in Europe, along with a drop in pipeline imports and a rise in the Japan-Korea Marker (JKM) contract, are supporting prices on the continent, where storage inventories remain about 25%…

Henry Hub natural gas spot prices are set to average $2.73/MMBtu during the second quarter of 2021 and should average $3.04 for the year, a dramatic increase over 2020 prices, according to updated projections from the U.S. Energy Information Administration (EIA). Spot prices at the national benchmark averaged $2.62 in March, EIA said in the…

Global natural gas prices fell last week on warmer temperatures and declining demand as winter nears an end. Both April spot and futures prices in Asia slipped below the $6.00/MMBtu mark as buying in the region has fallen off. That helped push prices lower in Europe as more liquefied natural gas (LNG) supply has become…