natural gas prices

Natural Gas ‘Madness’ Ensues as Arctic Plunge Ushers in Natural Gas Price Records

Natural Gas ‘Madness’ Ensues as Arctic Plunge Ushers in Natural Gas Price Records

In what will likely go down as one of the wildest days in the natural gas market ever, cash markets stole the show on Friday. Gas buyers paid hundreds of dollars to meet what is expected to be record-setting heating demand over the four-day Presidents’ Day holiday weekend. Fueled by OGT’s $600/MMBtu record high, and…

February 12, 2021
Bitter Winter Weather Fuels $100 Midcontinent Natural Gas Prices, Record Heating Demand

Bitter Winter Weather Fuels $100 Midcontinent Natural Gas Prices, Record Heating Demand

Deep freeze slams U.S., drives massive gains in spot market Futures turn blind eye to cold as storage data disappoints Widespread production freeze-offs likely Unfazed by the tumultuous weather pattern circulating throughout much of the United States for the next week or so, natural gas futures closed Thursday with a whimper. A big bearish miss…

February 12, 2021
Natural Gas Futures Called Higher Early Amid ‘Excitement’ Over Intense Cold, Soaring Cash

Natural Gas Futures Called Higher Early Amid ‘Excitement’ Over Intense Cold, Soaring Cash

Natural gas futures climbed in early trading Friday as surging physical prices and production freeze-offs illustrated the impact of frigid temperatures sweeping through the Lower 48. The March Nymex contract was up 5.7 cents to $2.925/MMBtu at around 8:45 a.m. ET. The weather models trended warmer overnight, according to Bespoke Weather Services. The firm attributed…

February 12, 2021
Plunging Temperatures Fuel Massive Gains in Natural Gas Spot Market; Futures Still Below $3

Plunging Temperatures Fuel Massive Gains in Natural Gas Spot Market; Futures Still Below $3

BREAKING: U.S. EIA reports smaller-than-expected 171 Bcf withdrawal from natural gas storage inventories for week ending Feb. 5 Deep freeze stalls, boosting late-February demand as polar air seen slow to exit Cash mounts multi-dollar gains amid sub-zero temperatures Intraday natural gas price volatility was on full display midweek as traders assessed the impacts of a…

February 11, 2021
Forecasts Hone in on ‘Bitter Cold’ as Natural Gas Futures Probe Higher Early

Forecasts Hone in on ‘Bitter Cold’ as Natural Gas Futures Probe Higher Early

Natural gas futures probed higher early Thursday, testing the $3/MMBtu barrier as higher confidence in frigid temperatures this month and the prospect of a hefty storage withdrawal boosted prices. The March Nymex contract was up 8.7 cents to $2.998/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed the early price gains Thursday…

February 11, 2021
U.S. Natural Gas Prices Seen Flirting with $3 in February on LNG Strength, Storage Drawdown

U.S. Natural Gas Prices Seen Flirting with $3 in February on LNG Strength, Storage Drawdown

Average natural gas spot prices at Henry Hub are expected to rise to $2.98/MMBtu this month, a 27-cent increase over January prices and sharply higher than the $2.59 December average, the U.S. Energy Information Administration (EIA) said Tuesday. The forecast would mean a corresponding increase in Mexico natural gas prices, which are closely correlated to…

February 10, 2021
Natural Gas Futures Slip as Bitter Cold Seen Fading; Cash Mixed

Natural Gas Futures Slip as Bitter Cold Seen Fading; Cash Mixed

Weather models hint at polar set-up easing before month’s end Hefty storage withdrawals still on tap for next few weeks Midwest cash strong amid below-freezing temperatures After hinting at some weakness earlier in the week, natural gas futures moved decidedly lower on Tuesday as traders realized they may have given Punxsutawney Phil a little too…

February 10, 2021
Natural Gas Futures Called Slightly Higher as Forecasts Maintain Frigid Temperatures

Natural Gas Futures Called Slightly Higher as Forecasts Maintain Frigid Temperatures

As traders and analysts parsed the latest forecasts for clues on the intensity of this month’s frigid temperatures and the timing of when the cold pattern will start to fade, natural gas futures were up slightly early Wednesday. The March Nymex contract was trading 2.9 cents higher at $2.864/MMBtu at around 8:50 a.m. ET. As…

February 10, 2021
Oil Consumption to Rebound in 2021, but Pandemic Lurks as Wildcard, EIA Says

Oil Consumption to Rebound in 2021, but Pandemic Lurks as Wildcard, EIA Says

Oil consumption will rise in 2021 alongside a global economic recovery and increased travel, though demand this year is not likely to match the levels prior to the pandemic, the U.S. Energy Information Administration (EIA) said. In a supplement to its monthly Short-Term Energy Outlook (STEO) report, the agency forecast global oil consumption would gather…

February 9, 2021
February Natural Gas Spot Prices Seen Averaging $2.98 on LNG Strength, Shrinking Stockpiles

February Natural Gas Spot Prices Seen Averaging $2.98 on LNG Strength, Shrinking Stockpiles

Average natural gas spot prices at Henry Hub are expected to rise to $2.98/MMBtu this month, a 27-cent increase over January prices and sharply higher than the $2.59 December average, the Energy Information Administration (EIA) said Tuesday. In the February edition of its Short-Term Energy Outlook (STEO), EIA attributed the higher projected Henry Hub prices…

February 9, 2021