Natural gas futures

Ahead of Expiration, April Natural Gas Futures Falter Again; Spot Prices Slip

Ahead of Expiration, April Natural Gas Futures Falter Again; Spot Prices Slip

Beleaguered natural gas futures fell a second day, hampered again by robust supplies and weakening weather-driven demand. The April Nymex gas futures contract lost 5.8 cents day/day and closed at $2.030/MMBtu. May futures settled at $2.147, down 6.8 cents. NGI’s Spot Gas National Avg. slipped 9.5 cents to $2.470. Production held above 100 Bcf/d on…

March 29, 2023
Expiring April Natural Gas Contract Tests Sub-$2 Early as Weather Patterns Underwhelm

Expiring April Natural Gas Contract Tests Sub-$2 Early as Weather Patterns Underwhelm

Weighed down by a healthy storage cushion as the market exits the withdrawal season, natural gas futures continued to grind lower in early trading Wednesday.  The expiring April Nymex contract was down 3.9 cents to $1.991/MMBtu at around 8:40 a.m. ET. May was off 2.2 cents to $2.125. Natural gas prices have been “tempting the…

March 29, 2023
April Natural Gas Futures Limp Toward Expiry, Approach $2 Handle; Cash Prices Slide

April Natural Gas Futures Limp Toward Expiry, Approach $2 Handle; Cash Prices Slide

Beleaguered natural gas futures fell a second day, hampered again by robust supplies and weakening weather-driven demand. The April Nymex gas futures contract lost 5.8 cents day/day and closed at $2.030/MMBtu. May futures settled at $2.147, down 6.8 cents. NGI’s Spot Gas National Avg. slipped 9.5 cents to $2.470. Production held above 100 Bcf/d on…

March 28, 2023
Strong Production, Fading Demand Hold Down April Natural Gas Futures

Strong Production, Fading Demand Hold Down April Natural Gas Futures

Natural gas futures kicked off the new week on a low note, slumping alongside warmer trends in weather forecasts, lighter LNG demand and continued robust production levels. At A Glance: Front month sheds 12.8 cents Production levels hold steady Weather outlook adds warmth The April Nymex gas futures contract settled at $2.088/MMBtu, down 12.8 cents…

March 28, 2023
Sub-$2 Natural Gas Futures Seen in Play for April Contract as Forecasts Warm

Sub-$2 Natural Gas Futures Seen in Play for April Contract as Forecasts Warm

Natural gas futures continued to grind lower in early trading Tuesday, weighed down by warmer-trending late-season forecast maps. The expiring April Nymex contract was down 4.0 cents to $2.048/MMBtu at around 8:40 a.m. ET. May was off 3.5 cents to $2.180. After falling below support at $2.12, the April contract is poised to continue drifting…

March 28, 2023
Natural Gas Futures Tumble Early Following Milder Weekend Weather Trends

Natural Gas Futures Tumble Early Following Milder Weekend Weather Trends

Bearish weekend weather trends put pressure on natural gas futures in early trading Monday as analysts predicted potential volatility heading into the front-month expiration early this week. The expiring April Nymex contract was down 10.7 cents to $2.109/MMBtu at around 8:40 a.m. ET. May was off 10.4 cents to $2.257. Weather models trended warmer over…

March 27, 2023
Natural Gas Futures, Spot Prices Find Path Forward as Forecasts Tilt Colder

Natural Gas Futures, Spot Prices Find Path Forward as Forecasts Tilt Colder

Natural gas futures forged ahead Friday, boosted by colder forecasts and expectations for back-to-back bullish storage prints relative to historic norms. The April Nymex gas futures contract settled at $2.216/MMBtu, up 6.2 cents day/day. May rose 7.8 cents to $2.361. At A Glance: Bullish storage print in cards Supplies hold at robust levels Week-ahead weather…

March 24, 2023
Natural Gas Futures, Spot Prices Sputter Amid Weaker Demand Outlook

Natural Gas Futures, Spot Prices Sputter Amid Weaker Demand Outlook

Natural gas futures flipped positive early Thursday after a government inventory report proved bullish relative to recent years. However, it ultimately was not enough to ease festering supply/demand imbalance concerns. The April Nymex gas futures contract lost 1.7 cents day/day and settled at $2.154/MMBtu. May fell 2.4 cents to $2.283. A day earlier, both shed…

March 24, 2023
Surplus Trimmed, but Analysts See Oversupply as Natural Gas Futures Nudge Higher Early

Surplus Trimmed, but Analysts See Oversupply as Natural Gas Futures Nudge Higher Early

Natural gas futures saw modest gains in early trading Friday as the market continued to mull a surplus-shrinking result from the latest round of government inventory data. The April Nymex contract was up 2.9 cents to $2.183/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 72 Bcf withdrawal from…

March 24, 2023
North American Natural Gas Prices in Doldrums, but Industry Eyeing Longer Term Trends – Mexico Spotlight

North American Natural Gas Prices in Doldrums, but Industry Eyeing Longer Term Trends – Mexico Spotlight

North American natural gas prices are again testing $2.00/MMBtu as the market remains oversupplied amid light demand from a warmer than usual winter. The April New York Mercantile Exchange gas futures contract lost 1.7 cents day/day on Thursday and settled at $2.154. May fell 2.4 cents to $2.283. A day earlier, both shed more than…

March 23, 2023
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