henry hub

February Natural Gas Futures Climb Early as More Seasonal Cold Seen Arriving

February Natural Gas Futures Climb Early as More Seasonal Cold Seen Arriving

With updated forecasts still pointing to a return to more seasonal winter weather by late January following exceptional warmth to start 2023, natural gas futures eked out modest gains in early trading Wednesday. The February Nymex contract was up 9.1 cents to $3.730/MMBtu at around 8:50 a.m. ET. Recent price action, with the February contract…

January 11, 2023
Natural Gas Futures, Cash Prices Fail to Sustain Winning Ways Amid Waning Weather

Natural Gas Futures, Cash Prices Fail to Sustain Winning Ways Amid Waning Weather

Natural gas futures fumbled away momentum like any college football opponent of Georgia, with the February Nymex gas futures contract dropping 27.1 cents day/day amid forecasts for more bearish weather and meager storage pulls. The prompt month settled at $3.639/MMBtu on Tuesday, erasing the prior session’s 20.0-cent gain. March lost 24.9 cents to $3.314. The…

January 10, 2023
Henry Hub Seen Recovering Later This Month as EIA Models $5/MMBtu for 1Q2023

Henry Hub Seen Recovering Later This Month as EIA Models $5/MMBtu for 1Q2023

Natural gas prices have staggered into the new year, but Henry Hub is set to recover to average near $5/MMBtu for the first quarter of 2023, according to updated projections from the U.S. Energy Information Administration (EIA). Despite dipping below $4 in early 2023, spot prices at Henry Hub will climb back above the $5…

January 10, 2023
Volatility Laces 2023 Natural Gas Price Outlook Amid Robust Production, Demand Uncertainty

Volatility Laces 2023 Natural Gas Price Outlook Amid Robust Production, Demand Uncertainty

U.S. natural gas prices are off to a rocky start in 2023, and analysts are braced for a choppy ride ahead amid expectations for strong production levels, infrastructure constraints and forecasts for relatively mild weather during the heart of winter. Limits on American exporters’ collective ability to meet global needs add another layer of uncertainty…

January 10, 2023
Forecasts Fail to Impress as Natural Gas Futures Resume Slide Early

Forecasts Fail to Impress as Natural Gas Futures Resume Slide Early

With updated forecasts failing to deliver the kind of winter chills needed to shake off bearish sentiment, natural gas futures floundered in early trading Tuesday.  Giving back substantially all of the prior session’s 20.0-cent gain, the February Nymex contract was off 19.4 cents to $3.716/MMBtu at around 8:50 a.m. ET. The American weather model shed…

January 10, 2023
Average Henry Hub Natural Gas Spot Price Shoots to 14-Year High in 2022

Average Henry Hub Natural Gas Spot Price Shoots to 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 9, 2023
Natural Gas Futures Climb on ‘Overdue Profit-Taking’ as Forecasts Tease Break from Warmth

Natural Gas Futures Climb on ‘Overdue Profit-Taking’ as Forecasts Tease Break from Warmth

Natural gas futures climbed in early trading Monday as analysts pointed to profit-taking following recent selling, while forecasts hinted at a return to chillier conditions for the Lower 48 later this month. The February Nymex contract was up 15.0 cents to $3.860/MMBtu at around 8:45 a.m. ET. EBW Analytics Group analyst Eli Rubin characterized the…

January 9, 2023
Natural Gas Futures ‘Due for a Technical Rebound’ as February Prices Called Higher Early

Natural Gas Futures ‘Due for a Technical Rebound’ as February Prices Called Higher Early

With technical factors potentially at play, natural gas futures climbed modestly in early trading Wednesday, even as updated forecasts continued to advertise an exceptionally bearish January temperature outlook. After plunging 48.7 cents in the previous session, the February Nymex contract was up 6.7 cents to $4.055/MMBtu at around 8:50 a.m. ET. Price action overnight included…

January 4, 2023
Natural Gas Futures Kick Off New Year in Familiar Freefall; Cash Prices Jump

Natural Gas Futures Kick Off New Year in Familiar Freefall; Cash Prices Jump

Natural gas futures floundered Tuesday, opening regular 2023 trading much like they closed out last year – falling on expectations for mild January temperatures and light heating demand. The February Nymex gas futures contract on Tuesday settled at $3.988/MMBtu, down 48.7 cents day/day. March shed 46.3 cents to $3.641. The prompt month had slipped 8.4…

January 3, 2023
Forecasts Deliver Bearish Start to 2023 as Natural Gas Futures Plunge

Forecasts Deliver Bearish Start to 2023 as Natural Gas Futures Plunge

With forecasts through the first half of January sinking weather-driven demand expectations to open the new year, natural gas futures were down sharply in early trading Tuesday. The February Nymex contract was off 41.8 cents to $4.057/MMBtu at around 8:45 a.m. ET. Weather data over the weekend advertised a pattern that would deliver mild temperatures…

January 3, 2023