henry hub

Hamstrung by a growing surplus of natural gas in inventories and with a spring-like February running into a mild March, traders tugged natural gas prices lower for March baseload delivery, according to NGI’s Bidweek Alert (BWA). Losses were largest in the West, where California’s SoCal Citygate traded about $2.20 lower month/month at around $3.170/MMBtu, BWA…

Norway’s Equinor ASA has agreed to supply one of India’s largest chemical manufacturers using its growing portfolio of Norwegian and U.S. LNG under a new long-term sales and purchase agreement (SPA). Deepak Fertilisers and Petrochemicals Corp. Ltd. has secured 0.65 million metric tons/year (mmty) of liquefied natural gas for 15 years from Equinor that it…

As forecasts advertised unseasonably mild temperatures across key heating demand markets into early March, bargain-priced natural gas futures conceded ground in early trading Tuesday. The March Nymex contract was down 2.0 cents to $1.589/MMBtu at around 8:30 a.m. ET. April was down 2.7 cents to $1.653. Weather models diverged in recent runs in their expectations…

With oversupply concerns remaining top-of-mind following a bearish miss in the latest government inventory data, natural gas futures hovered close to even at discounted levels early Friday. Having sold off throughout the week as the market searches for a bottom, the March Nymex contract was up 1.3 cents to $1.594/MMBtu at around 8:45 a.m. ET.…

Still weighed down by underperforming winter demand, and with weekend forecasts offering little indication that bearish weather headwinds will ease anytime soon, natural gas futures skidded lower in early trading Monday. The March Nymex contract was off 1.8 cents to $1.829/MMBtu at around 8:48 a.m. ET. April was down 2.2 cents to $1.863. Weekend forecast…

Updated forecasts weakened heating demand expectations associated with an arriving mid-February pattern shift, and natural gas futures, already trading at a discount, continued to drop in early trading Friday. Coming off a 5.0-cent decline in the previous session, the March Nymex contract was off another 4.9 cents to $1.868/MMBtu at around 8:45 a.m. ET. Both…

Natural gas futures continued to grind lower early Thursday as traders braced for an unseasonably light drawdown from the latest round of government inventory data. The March Nymex contract, after falling below the $2.000/MMBtu threshold on Wednesday, was down another 2.5 cents to $1.942 at around 8:45 a.m. ET. The U.S. Energy Information Administration (EIA)…

Natural gas futures continued to hover above the $2/MMBtu threshold in early trading Wednesday as the market looked to cooler temperatures expected later this month to firm up support. The March Nymex contract was trading at $2.022 at around 8:36 a.m. ET, up 1.3 cents. April was up 1.1 cents to $2.018. The front month…

Texas achieved record natural gas and oil production in 2023 despite lower prices for both commodities, falling rig counts, and fewer drilling permits issued versus 2022, said the Texas Alliance of Energy Producers.  The group, which represents the state’s independent exploration and production (E&P) firms, said its Texas Petro Index (TPI) fell in December for…