natural gas prices

Warmer Forecasts, Returning Production Sink Natural Gas Futures Early

Warmer Forecasts, Returning Production Sink Natural Gas Futures Early

Natural gas futures were down sharply in early trading Monday, pressured by a warmer weather outlook and production coming back online following last week’s cold-related disruptions. The March Nymex contract was down 13.8 cents to $2.931/MMBtu at around 8:50 a.m. ET. Forecasts trended warmer over the weekend, showing a warmer than normal pattern for early…

February 22, 2021
Head-Spinning Week Culminates with Natural Gas Futures, Cash Lower Again

Head-Spinning Week Culminates with Natural Gas Futures, Cash Lower Again

After a week in which the term “volatile” may be the understatement of the year, natural gas prices in both the futures and spot gas markets ended Friday on a much quieter note. Still trying to digest the past week’s crippling Arctic blast and the long-term implications it may have on natural gas, traders pushed…

February 19, 2021
Natural Gas Prices Slashed as Lights Mostly Back on in Texas, Though Long-Term Impacts Still Unclear

Natural Gas Prices Slashed as Lights Mostly Back on in Texas, Though Long-Term Impacts Still Unclear

ERCOT restores power to most of Texas Gas impacts still prevalent Storage overhang still intact as EIA data disappoints Despite the lack of clarity on the long-term impacts from this week’s Arctic storm, news that power had been restored to most Texas residents on Thursday and warmer weather seen moving into the Lower 48 by…

February 19, 2021
Natural Gas Futures Close to Unchanged Early; ‘Bullish Setup’ as Massive Draw Expected

Natural Gas Futures Close to Unchanged Early; ‘Bullish Setup’ as Massive Draw Expected

As traders and analysts contemplated the supply/demand balance implications of unprecedented disruptions in the natural gas system over the past week, futures prices hovered close to even in early trading Friday. The March Nymex contract was up 0.6 cents to $3.088/MMBtu at around 8:45 a.m. ET. Milder temperatures over the weekend and moderating prices in…

February 19, 2021
Natural Gas Flows from Texas to Mexico Taking Hit, but Worst Appears to be Over

Natural Gas Flows from Texas to Mexico Taking Hit, but Worst Appears to be Over

Despite a Wednesday evening order from Texas Gov. Abbott to prioritize in-state consumption, natural gas continued to flow from Texas to Mexico Thursday, albeit at reduced levels. Scheduled deliveries of piped gas to Mexico from Texas hit 1.6 Bcf/d Thursday, up from 1.3 Bcf/d on Wednesday and 1.1 Bcf/d on Tuesday. Typical export volumes from…

February 18, 2021
Natural Gas Volatility on Full Display as Blackouts, Supply Cuts Continue in Texas

Natural Gas Volatility on Full Display as Blackouts, Supply Cuts Continue in Texas

BREAKING: U.S. EIA reported a 237 Bcf withdrawal from natural gas storage inventories for the week ending Feb. 12 Texas governor bans natural gas sales outside of state lines Texas, Oklahoma cash prices still strong amid frigid temperatures, blackouts Nymex futures rally further as long-term impacts of energy crisis still unclear The fallout of the…

February 18, 2021
Weather Models Warm as Natural Gas Futures Retreat; ERCOT Makes ‘Significant Progress’ in Power Restoration

Weather Models Warm as Natural Gas Futures Retreat; ERCOT Makes ‘Significant Progress’ in Power Restoration

As overnight weather data shifted warmer, and as traders mulled the implications of an export ban out of Texas, natural gas futures pulled back a few cents in early trading Thursday. The March Nymex contract was down 4.3 cents to $3.176/MMBtu at around 8:50 a.m. ET. The major weather models trended warmer overnight, lowering demand…

February 18, 2021
Historic Cold Snap Drives Record Natural Gas Demand, Prices as Freeze Cuts Supply

Historic Cold Snap Drives Record Natural Gas Demand, Prices as Freeze Cuts Supply

Oklahoma gas prices soar to $999.00/MMBtu as unrivaled cold cripples energy infrastructure Texas prices in the hundreds as electric grid operator implements blackouts Nymex futures rally as impacts of Arctic blast still unfolding Natural gas futures soared Tuesday following a historic Arctic freeze that crippled much of the nation’s natural gas infrastructure as demand soared…

February 17, 2021
Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

While energy markets were still reeling from the unprecedented conditions driving physical natural gas prices into the hundreds of dollars per MMBtu at hubs all over the country, futures price action appeared markedly more calm early Wednesday.  After locking in a 21.7-cent gain in the previous settle, the March Nymex contract was trading 3.0 cents…

February 17, 2021
Natural Gas Futures Higher as Arctic Weather Ushers in Natural Gas Price Records

Natural Gas Futures Higher as Arctic Weather Ushers in Natural Gas Price Records

Natural gas shortages lead to power outages in northern Mexico Fueled by OGT’s $600/MMBtu record high on Friday, NGI’s Spot Gas National Avg. soared $57.42 to $61.960 Amid reports of power outages and production freeze-offs resulting from an intense cold blast stretching down into the Gulf Coast over the holiday weekend, natural gas futures were…

February 16, 2021