Natural gas futures

A dichotomy of steep gains for the West and hefty losses everywhere else played out in natural gas forwards markets during the Feb. 16-22 trading period, NGI’s Forward Look data show. This dynamic largely reflected the latest weather maps from Maxar’s Weather Desk, which showed shades of blue colder-than-normal temperature deviations blanketing much of the…

Natural gas futures advanced for a second straight session Thursday as traders looked beyond another light winter storage withdrawal to the prospect of incrementally tighter balances heading into the spring.  Physical natural gas prices, meanwhile, surged in the West and the Northeast on near-term wintry conditions. NGI’s Spot Gas National Average jumped $1.900 to finish…

U.S. natural gas futures for March delivery tested $2.00/MMBtu this week as the North American market continued to be flush with supplies. On Thursday, the March New York Mercantile Exchange futures contract rallied 14.0 cents to settle at $2.314, adding to a 10.1-cent rally in the day-earlier period. The meager gains came after Freeport LNG…

Natural gas futures strengthened midweek as the ramp-up of full operations at a key export facility combined with the potential for March cold to support the market. With technical trading likely aiding the rally, the March Nymex gas futures contract settled Wednesday at $2.174/MMBtu, up 10.1 cents on the day. April futures climbed 12.1 cents…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 71 Bcf natural gas from storage for the week ended Feb. 17. The result was slightly stronger than expectations but weak relative to historical averages, leaving Nymex natural gas futures trading sideways. Production has held strong and steady around 100 Bcf/d so far…

Fresh off a week of mostly steady declines, natural gas futures extended their losses on Monday as springlike weather blanketed much of the Lower 48. With production strong and a storage surplus set to grow in the coming weeks, the March Nymex gas futures contract settled at $2.073/MMBtu, down 20.2 cents from Friday’s close. At…

Fresh off a week of mostly steady declines, natural gas futures extended their losses on Monday as springlike weather blanketed much of the Lower 48. With production strong and a storage surplus set to grow in the coming weeks, the March Nymex gas futures contract settled at $2.073/MMBtu, down 20.2 cents from Friday’s close. Spot…

Natural gas futures continued to skid lower in early trading Tuesday, weighed down by bearish technical factors and an ongoing lack of impressive cold in the latest forecasts. After dropping 11.4 cents before the weekend, the March Nymex contract was down another 9.4 cents to $2.181/MMBtu at around 8:45 a.m. ET.  Friday’s 11.4-cent sell-off saw…

Natural gas futures fell to their lowest level in two years on Friday, pressured by warmer trends in the late February/early March cold snap expected across the Lower 48. The Nymex March gas futures contract settled at $2.275/MMBtu, off 11.4 cents from Thursday’s close. April futures fell 13.3 cents to $2.352. Spot gas, which traded…