natural gas production

The price of natural gas for delivery next month nosedived on Thursday as traders took profits after a massive four-day rally. The February Nymex gas futures contract settled at $4.270/MMBtu, down 58.7 cents day/day. March dropped 32.2 cents to $4.005. NGI’s Spot Gas National Avg., in contrast, continued to climb, gaining 89.0 cents to $6.450on…

With freezing weather on the horizon throughout much of the United States, including Texas, February natural gas prices at hubs key to Mexico shot up this week. The Henry Hub February contract closed at $4.857/MMBtu on Wednesday, up 60.8 cents on the day and more than  $1 from one week ago. Agua Dulce was up…

Natural gas futures surged on Wednesday, extending the first lengthy rally of 2022 to four straight days as forecasts for bitter cold temperatures and lofty heating demand intensified. The February Nymex gas futures contract soared 60.8 cents day/day and settled at $4.857. March jumped 35.9 cents to $4.327. At A Glance: BREAKING: U.S. EIA reported…

Natural gas futures advanced for a third consecutive session on Tuesday, led higher by mounting levels of U.S. exports, as well as continued expectations for robust domestic demand and increased storage withdrawals. The February Nymex gas futures contract gained 17.0 cents day/day and closed at $4.249/MMBtu. March rose 13.4 cents to $3.968. NGI’s Spot Gas…

Natural gas futures on Monday closed above $4.00 for the first time this year as European calls for U.S. exports remain robust and forecasts point to continued strong domestic weather-driven demand. The February Nymex gas futures contract settled at $4.079/MMBtu, up 16.3 cents day/day. March rose 10.8 cents to $3.834. NGI’s Spot Gas National Avg.…

Natural gas futures advanced Friday as traders shrugged off a disappointing government inventory report and focused instead on robust heating demand, as well as forecasts for additional blasts of freezing weather later in January. The February Nymex gas futures contract gained 10.4 cents day/day and settled at $3.916/MMBtu. March climbed 5.6 cents to $3.726. NGI’s…

Natural gas futures faltered on Thursday after the latest government inventory report showed ample supplies and relatively modest early-winter heating demand. The February Nymex gas futures contract fell 7.0 cents day/day and settled at $3.812/MMBtu. March dipped 4.0 cents to $3.670. At A Glance: EIA posts a 31 Bcf pull from storage The result was…

Natural gas futures faltered on Thursday after the latest government inventory report showed ample supplies and relatively modest early-winter heating demand. The February Nymex gas futures contract fell 7.0 cents day/day and settled at $3.812/MMBtu. March dipped 4.0 cents to $3.670. At A Glance: EIA posts a 31 Bcf pull from storage The result falls…

Texas, and most of the United States, experienced its first big freeze of the year last weekend, but even as natural gas production dropped, the Mexico market didn’t feel any major impacts. “So far, everything has been very tranquil in the market,” a gas buyer in Mexico City told NGI’s Mexico GPI. He said that…