natural gas prices

Bloodshed in Natural Gas Futures, Cash Markets as Temperatures Quickly Thaw

Bloodshed in Natural Gas Futures, Cash Markets as Temperatures Quickly Thaw

Natural gas futures continued to sell off on Friday as an expected warmup and likely rebound in production over the weekend pressured prices. The March Nymex gas futures contract closed out the week at $2.410/MMBtu, off 4.6 cents on the day. April futures slid 4.2 cents to $2.480. At A Glance: February forecast seen bearish…

February 3, 2023
Spot Gas Prices Surge in New England Ahead of Arctic Blast; Futures Shed a Penny

Spot Gas Prices Surge in New England Ahead of Arctic Blast; Futures Shed a Penny

Natural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures contract settled at $2.456/MMBtu, down 1.2 cents…

February 3, 2023
Falling Natural Gas Prices, Rising Interest Rates Tap Brakes on Inflation

Falling Natural Gas Prices, Rising Interest Rates Tap Brakes on Inflation

Weakened natural gas prices – following a massive run-up last summer – intersected with rising interest rates to ease inflation that had only a few months ago reached a 40-year high. Further New York Mercantile Exchange gas futures price drops early this year, owing in part to relatively benign winter weather across most of January,…

February 3, 2023
Analysts See Signs of Tighter Balances as Natural Gas Futures Claw Back a Few Pennies

Analysts See Signs of Tighter Balances as Natural Gas Futures Claw Back a Few Pennies

Natural gas futures added a few pennies in early trading Friday as the market mulled signs of tightening balances following the latest round of government inventory data, while forecasts continued to hone in on mild February temperatures.  The March Nymex contract was up 3.9 cents to $2.495/MMBtu at around 8:30 a.m. ET. The overnight weather…

February 3, 2023
New England Natural Gas Surges as Wind Chill Could Plunge 100 Degrees Below Zero; Futures Lose a Penny

New England Natural Gas Surges as Wind Chill Could Plunge 100 Degrees Below Zero; Futures Lose a Penny

Natural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures contract settled at $2.456/MMBtu, down 1.2 cents…

February 2, 2023
North American Natural Gas Prices Continue Slump, with Further Volatility Seen – Mexico Spotlight

North American Natural Gas Prices Continue Slump, with Further Volatility Seen – Mexico Spotlight

North American natural gas trading has been hijacked by bears, with prices moving lower this week on the back of a healthy supply and storage outlook. The New York Mercantile Exchange (Nymex) futures contract for March is hovering around $2.500/MMBtu, its lowest point in almost two years. Last Friday (Jan. 27), the February Nymex natural…

February 2, 2023
American Model Cooler Trending as Natural Gas Futures Pare Losses Ahead of Storage Report

American Model Cooler Trending as Natural Gas Futures Pare Losses Ahead of Storage Report

Natural gas futures pared their losses early Thursday as traders prepared to digest the latest round of government inventory data, expected to reveal another lighter-than-average withdrawal to further pad the storage cushion. Coming off a 21.6-cent slide in the previous session, the March Nymex contract was up 2.6 cents to $2.494/MMBtu at around 8:50 a.m.…

February 2, 2023
Texas Natural Gas Production Hitting Records as Mexico Ups Supply Needs

Texas Natural Gas Production Hitting Records as Mexico Ups Supply Needs

Mexico’s demand for Texan natural gas is set to rise as new infrastructure projects come to fruition. Along with plans in Mexico to build up to 5 Bcf/d of liquefied natural gas export capacity, state utility Comisión Federal de Electricidad (CFE) also is developing over 7 GW of natural gas-fired power generation by 2025. These…

February 1, 2023
Enterprise Preparing to Launch Expanded Crude, NGL and Natural Gas Systems

Enterprise Preparing to Launch Expanded Crude, NGL and Natural Gas Systems

Enterprise Product Partners LP has $3.6 billion of assets scheduled to begin commercial operations this year to expand natural gas, liquids and crude oil systems across the United States, with almost $2 billion more rolling off the boards through 2025, executives said Wednesday. Co-CEOs Jim Teague and Randy Fowler shared a microphone with the executive…

February 1, 2023
Natural Gas Futures Find Stability; Cash Prices Sustain Momentum

Natural Gas Futures Find Stability; Cash Prices Sustain Momentum

Natural gas futures stabilized on Tuesday, supported by a cold front, eased production and strength in cash markets. Coming off a 17.2-cent drop in its debut as the front month a day earlier, the March Nymex gas futures contract on Tuesday settled at $2.684/MMBtu, up seven-tenths of a cent day/day. April rose 1.0 cent to…

February 1, 2023
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