Natural gas futures

Transco’s REA Natural Gas Flows Arrive in Time to Dampen Northeast Winter Price Volatility

Transco’s REA Natural Gas Flows Arrive in Time to Dampen Northeast Winter Price Volatility

Northeast natural gas spot markets supplied by Transcontinental Gas Pipe Line Co. LLC’s (Transco) Regional Energy Access (REA) expansion project are showing signs of less volatility since the project’s partial start-up in late October. The REA added 450 MMcf/d of capacity along Transco’s existing Leidy Line that runs to Transco Zone 6 non-NY in southeastern…

December 28, 2023
Nymex Natural Gas Futures Surge as January Contract Expires, February Set to Take The Lead  

Nymex Natural Gas Futures Surge as January Contract Expires, February Set to Take The Lead  

Nymex natural gas futures soared early in the regular trading session on Wednesday but gave back larger gains as revisions to weather forecasts sapped several days of heating demand. At A Glance: February futures up 1.8 cents  Cold weather eyed for support Chill drives cash higher January futures ended its run as the front-month contract…

December 27, 2023
January Natural Gas Fades Tuesday Ahead of Wednesday Expiry

January Natural Gas Fades Tuesday Ahead of Wednesday Expiry

January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…

December 27, 2023
Chillier Forecast Lifts Natural Gas Futures Ahead of January Expiry

Chillier Forecast Lifts Natural Gas Futures Ahead of January Expiry

Natural gas futures rallied early Wednesday, bolstered by colder shifts for early January in updated forecasts. The expiring January Nymex contract was up 12.2 cents to $2.672/MMBtu at around 8:47 a.m. ET. February was trading at $2.527, up 10.8 cents. Both the American and European weather models added heating degree days (HDD) to the outlook…

December 27, 2023
January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…

December 26, 2023
Weather, Holiday Drag Weekly Spot Gas Prices Down While Futures Up On Hopes of Cold

Weather, Holiday Drag Weekly Spot Gas Prices Down While Futures Up On Hopes of Cold

Weekly cash natural gas prices fell as demand stoked higher by Northeast storms and pipeline constraints were no match for the prevalence of unseasonably mild weather, while futures gained on outlooks for winter weather’s January arrival. NGI’s Weekly Spot Gas National Avg. for the Dec.18-22 period fell 5.5 cents to $2.335. The January Nymex natural…

December 22, 2023
Plentiful Natural Gas Supplies Weigh Heavily on January Bidweek Trading

Plentiful Natural Gas Supplies Weigh Heavily on January Bidweek Trading

Absent much convincing cold in the forecast – and near-record production – natural gas prices were trending lower for January baseload delivery, according to NGI’s Bidweek Alert (BWA). Notably, prices fell hardest in the West, a sharp turnaround from this time last year when Winter Storm Elliott slammed large swaths of the country ahead of…

December 22, 2023
January Natural Gas Futures Finish Up Friday on Hopes for Colder Winter Weather

January Natural Gas Futures Finish Up Friday on Hopes for Colder Winter Weather

January Nymex natural gas futures held to the upside as the market looked to forecasts calling for colder winter weather. With the number of heating degree days (HDD) in question, though, persistent supply glut woes limited the advance. At A Glance: Futures end wild session up 3.8 cents Weather changes stoke supply worries Cash markets…

December 22, 2023
EIA Storage Miss Against Expectations Drives Natural Gas Futures Higher

EIA Storage Miss Against Expectations Drives Natural Gas Futures Higher

January Nymex natural gas futures settled the Thursday regular trading session up 12.5 cents at $2.572/MMBtu, gaining ground after the release of a natural gas storage report that showed a larger withdrawal than expected for the week of Dec. 15. At A Glance: January futures gain ground Storage down 87 Bcf Spot prices sputter The…

December 22, 2023
Natural Gas Futures Steady Early as ‘Long and Dangerous’ Weekend Looms for Traders

Natural Gas Futures Steady Early as ‘Long and Dangerous’ Weekend Looms for Traders

As traders prepared for an extended weekend break that could deliver significant changes to January weather-driven demand expectations, natural gas futures hovered close to even early Friday. The January Nymex contract was up 0.3 cents to $2.575/MMBtu at around 8:41 a.m. ET. February was off 1.0 cents to $2.449. A mix of overnight forecast changes…

December 22, 2023