natural gas prices

What Do Recent Earnings Calls and Consensus Forecast for Natural Gas in 2024? – Listen Now to NGI’s Hub & Flow

What Do Recent Earnings Calls and Consensus Forecast for Natural Gas in 2024? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub and Flow, in which NGI’s Pat Rau, director of strategy and research, delves into Wall Street’s expectations for North American natural gas activity and prices over the next few years.  Rau also reads market tea leaves from recent oilfield service providers’ 4Q2023 earnings calls,…

February 26, 2024
March Bidweek Trading Starts on Downslope as Weather Seen Driving Wider Storage Surplus

March Bidweek Trading Starts on Downslope as Weather Seen Driving Wider Storage Surplus

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…

February 26, 2024
Natural Gas Futures Rally Early as Volatility Expected into Expiry; Production Weaker

Natural Gas Futures Rally Early as Volatility Expected into Expiry; Production Weaker

With heightened volatility expected heading into the front month expiration this week, and amid hints of weaker production in recent estimates, natural gas futures rallied sharply in early trading Monday. After selling off 12.9 cents on Friday, the March Nymex contract was up 10.0 cents to $1.703/MMBtu at around 8:45 a.m. ET. April was up…

February 26, 2024
Natural Gas Futures Succumb to Lofty Supply, Benign Weather; Cash Prices Cascade

Natural Gas Futures Succumb to Lofty Supply, Benign Weather; Cash Prices Cascade

Natural gas futures gave up more ground on Friday, hindered by robust supplies and exceptionally mild late-winter weather conditions. At A Glance: Heating demand fades Production remains high Storage surplus increases Coming off a 4.1-cent decline the previous session, the March Nymex gas futures contract on Friday fell another 12.9 cents day/day and settled at…

February 23, 2024
Natural Gas Futures Giving Back Midweek Gains — MidDay Market Snapshot

Natural Gas Futures Giving Back Midweek Gains — MidDay Market Snapshot

Natural gas futures headed for large sell-off Friday as midweek rally fizzles on blowtorch temps March Nymex contract down 12.7 cents to $1.605/MMBtu as of 2:20 p.m. ET, near pre-rally levels prior to Chesapeake Energy Corp. releasing production guidance Heating demand over next 15 days “would rank among some of the warmest late February and…

February 23, 2024
Momentum Proves Elusive for March Natural Gas Futures

Momentum Proves Elusive for March Natural Gas Futures

Natural gas futures flopped on Thursday after a government inventory report showed underground supplies surged to more than 20% above historical norms. At A Glance: EIA prints 60 Bcf withdrawal Production near 103 Bcf/d Weather forecasts bullish Following a nearly 20-cent spike the day before, the March Nymex gas futures contract on Thursday settled at…

February 23, 2024
Late Winter Cold a No-Show in Updated Forecasts as Natural Gas Futures Retreat Further

Late Winter Cold a No-Show in Updated Forecasts as Natural Gas Futures Retreat Further

A bearish weather outlook well into the month of March kept the pressure on natural gas futures early Friday as the front month conceded further ground following a midweek rally. The March Nymex contract was off 11.7 cents to $1.615/MMBtu at around 8:50 a.m. ET; April was down 10.1 cents to $1.731. Forecasts have seemingly…

February 23, 2024
Mexico End Users Securing Bargain Natural Gas Prices with Higher February Imports – Spotlight

Mexico End Users Securing Bargain Natural Gas Prices with Higher February Imports – Spotlight

North American natural gas prices have been hammered for the past two weeks, and despite a minor rally, remain well below the $2.00 mark. The  March New York Mercantile Exchange gas futures contract on Thursday settled at $1.732/MMBtu, down 4.1 cents day/day. Prices had jumped on Wednesday after Chesapeake Energy Corp. said it intended to…

February 22, 2024
Natural Gas Futures Give Back Gains Ahead of EIA Report as Weather Still Bearish

Natural Gas Futures Give Back Gains Ahead of EIA Report as Weather Still Bearish

Coming off a soaring rally in the previous session, natural gas futures gave back a chunk of those gains in early trading Thursday as the market looked ahead to a seasonally light withdrawal in the latest government inventory data. The March Nymex contract was down 8.3 cents to $1.690/MMBtu at around 8:50 a.m. ET. April…

February 22, 2024
Signs of Production Declines Send Natural Gas Futures, Cash Prices Into Rally Mode

Signs of Production Declines Send Natural Gas Futures, Cash Prices Into Rally Mode

Prompt month natural gas futures rallied for only the second time in two weeks on Wednesday, gaining ground on lower production data and vows from a key player to drop rigs and cut output to help align currently robust supplies with modest winter demand. At A Glance: Front month gains 19.7 cents Production slips to…

February 21, 2024
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