henry hub

‘Frosty’ Early February Pattern Sparks Natural Gas Futures Rally

‘Frosty’ Early February Pattern Sparks Natural Gas Futures Rally

Natural gas futures rallied sharply in early trading Monday as weather models over the weekend advertised a significantly colder Lower 48 temperature outlook heading into early February.  The February Nymex contract was up 35.5 cents to $3.529/MMBtu at around 8:40 a.m. ET. March was up 12.0 cents to $3.156. Weather data over the weekend showed…

January 23, 2023
Influenced by LNG, Henry Hub Natural Gas Spot Price Hit 14-Year High in 2022

Influenced by LNG, Henry Hub Natural Gas Spot Price Hit 14-Year High in 2022

U.S. natural gas prices have had a remarkably soft winter so far, but the whole of 2022 tells a completely different story. In 2022, the wholesale U.S. natural gas spot price at Henry Hub averaged $6.45/MMBtu, the highest level since 2008, according to the Energy Information Administration (EIA) based on data from Refinitiv Eikon. This…

January 20, 2023
Light Withdrawal, Mild Winter Weather Keep Pressure on Natural Gas Futures Early

Light Withdrawal, Mild Winter Weather Keep Pressure on Natural Gas Futures Early

With traders and analysts continuing to mull the balance implications of the latest government inventory data, and with updated forecasts failing to impress following weeks of mild weather to start the year, natural gas futures remained under pressure early Friday. The February Nymex contract was off 3.7 cents to $3.238/MMBtu at around 8:45 a.m. ET.…

January 20, 2023
Natural Gas Futures Close to Even Early as Traders Await EIA Storage

Natural Gas Futures Close to Even Early as Traders Await EIA Storage

As the market awaited the latest government inventory data, expected to reveal an unseasonably light withdrawal following mild winter weather this month, natural gas futures were called close to even early Thursday. Following a 27.5-cent slide in the previous session, the February Nymex contract was off 1.0 cent to $3.301/MMBtu at around 8:50 a.m. ET.…

January 19, 2023
What Are NGI’s Thought Leaders Forecasting for Natural Gas Prices, LNG, Russia – and Beyond?

What Are NGI’s Thought Leaders Forecasting for Natural Gas Prices, LNG, Russia – and Beyond?

Asking natural gas and oil executives about the market, their projects, cash flow and budgets is a staple of the NGI Thought Leader team’s daily routine. Turning that microphone around to ask journalists the questions is a bit trickier! The Thought Leader team was up for the challenge, though, to editorialize as we enter 2023.…

January 18, 2023
Weaker Late January Cold Outlook Sends Natural Gas Futures Lower Early

Weaker Late January Cold Outlook Sends Natural Gas Futures Lower Early

Natural gas futures reversed lower in early trading Wednesday as updated forecasts reduced the amount of cold expected for the Lower 48 during the final week of January. After rallying 16.7 cents in the previous session, the February Nymex contract was off 13.6 cents to $3.450/MMBtu at around 8:40 a.m. ET. Both the American and…

January 18, 2023
Natural Gas Futures Bounce Back, Cash Prices Cruise as Cold Weather Shift Looms

Natural Gas Futures Bounce Back, Cash Prices Cruise as Cold Weather Shift Looms

Following back-to-back weekly declines to start the new year, natural gas futures on Tuesday rebounded amid forecasts for fresh bouts of cold later this month. The February Nymex gas futures contract gained 16.7 cents day/day and settled at $3.586/MMBtu. March rose 5.7 cents to $3.253. NGI’s Spot Gas National Avg. on Tuesday jumped 90.5 cents…

January 17, 2023
TTF Gains on Signs of More Demand in Asia – LNG Recap

TTF Gains on Signs of More Demand in Asia – LNG Recap

European natural gas prices rebounded on Tuesday amid colder weather and signs that cheaper LNG cargoes have brought some Asian buyers back to the market. The prompt Title Transfer Facility (TTF) contract finished at nearly $19/MMBtu after falling to $17.522 on Monday. It was a rare gain after weeks of losses that have pushed the…

January 17, 2023
Natural Gas Futures Rebound on Cold Shift for Final Week of January

Natural Gas Futures Rebound on Cold Shift for Final Week of January

With forecasts offering a much colder outlook for the final week of January to bolster weather-driven demand expectations, natural gas futures were up sharply in early trading Tuesday. Coming off a 27.6-cent decline ahead of the Martin Luther King Jr. Day holiday weekend, the February Nymex contract was up 27.3 cents to $3.692/MMBtu at around…

January 17, 2023
Natural Gas Futures Retreat in Wake of January Storage Injection; Weather Outlook Uncertain

Natural Gas Futures Retreat in Wake of January Storage Injection; Weather Outlook Uncertain

As the market continued to mull the implications of a rare winter storage build, natural gas futures retreated in early trading Friday. The February Nymex contract was off 12.1 cents to $3.574/MMBtu at around 8:40 a.m. ET. Traders have been left to process the impact on balances of exceptionally mild January temperatures, which resulted in…

January 13, 2023