natural gas spot prices

Some West Coast Customers May Receive Assistance Due to High Natural Gas Prices – Winter Rate Spikes: Part 2

Some West Coast Customers May Receive Assistance Due to High Natural Gas Prices – Winter Rate Spikes: Part 2

Higher natural gas prices are impacting West Coast utility rate filings this year, leading some opting to provide customers with bill credits, and state and federal governments to offer heftier bill assistance programs

October 11, 2022
Shifting Supply/Demand Balances Send Natural Gas Futures Tumbling Below $6.50

Shifting Supply/Demand Balances Send Natural Gas Futures Tumbling Below $6.50

Natural gas futures plummeted on Monday, with a plethora of weak market signals – including the potential for five straight triple-digit storage injections – sending November prices as much as 46 cents below Friday’s close. The November Nymex contract ultimately settled Monday at $6.470/MMBtu, down 29.6 cents. Spot gas prices recovered on Monday, led by…

October 3, 2022
Natural Gas Futures Eke Out Gain as Production Hits Record High and Hurricane Looms

Natural Gas Futures Eke Out Gain as Production Hits Record High and Hurricane Looms

Coming off a 12% slump last week, natural gas futures clawed back into the green Monday amid estimates of record output and potential threats to production in the form of a hurricane en route to Florida. The October Nymex gas futures contract gained 7.5 cents day/day and settled at $6.903/MMBtu. November added 2.2 cents to…

September 26, 2022
Natural Gas Futures, Cash Prices Fail to Sustain Fresh Momentum

Natural Gas Futures, Cash Prices Fail to Sustain Fresh Momentum

Coming off a 56.0-cent sell-off to close out last week’s trading, natural gas futures on Monday shrugged off recent bearish developments and reversed course, trading in positive territory most of the day. Still, futures lost momentum late, despite seasonally stout cooling demand forecast for this week, and the October Nymex gas futures contract settled at…

September 19, 2022
Natural Gas Futures Extend Win Streak Amid Lingering Domestic, Global Supply Concerns

Natural Gas Futures Extend Win Streak Amid Lingering Domestic, Global Supply Concerns

Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…

September 12, 2022
EIA Raises 2023 Henry Hub Natural Gas Price Forecast After August Gains

EIA Raises 2023 Henry Hub Natural Gas Price Forecast After August Gains

Natural gas spot prices at Henry Hub will average roughly $9/MMBtu during the fourth quarter before retreating to around $6 on average in 2023 amid rising domestic production, according to the latest projections from the Energy Information Administration (EIA). Spot prices at the national benchmark averaged $8.80 in August, versus $7.28 in July, the agency…

September 7, 2022
September Natural Gas Expires Higher on Lingering Heat, Tight Balances; Cash Recovers

September Natural Gas Expires Higher on Lingering Heat, Tight Balances; Cash Recovers

After an early dip into the red, natural gas futures swung higher Monday as weather models continued to show bursts of heat over the next couple of weeks. Volatility remained front and center, however, with big gains nearly erased by the close of the session. As the dust settled, the September Nymex gas futures contract…

August 29, 2022
Natural Gas Futures Fall Short of $10 on Heels of European Price Surge; Cash Posts Big Recovery

Natural Gas Futures Fall Short of $10 on Heels of European Price Surge; Cash Posts Big Recovery

Natural gas futures flew higher Monday on the back of surging global gas prices, with technical momentum working in favor of bulls looking to take out $10/MMBtu. After coming within pennies, however, that goal proved out of reach and the September Nymex gas futures contract ultimately settled at $9.680, up 34.4 cents from Friday’s close.…

August 22, 2022
Weekly Natural Gas Prices Waffle, Ultimately Forge Ahead Along with Futures

Weekly Natural Gas Prices Waffle, Ultimately Forge Ahead Along with Futures

Despite dings along the way, weekly cash prices gained ground amid lofty temperatures across much of the Lower 48 and inconsistent production levels. NGI’s Weekly Spot Gas National Avg. for the July 25-28 period advanced 40.5 cents to $8.655. Robust cooling demand fueled strong advances for physical prices on Monday and Tuesday. Prices pulled back…

July 29, 2022
Cloudy Supply/Demand Picture Limits Natural Gas Outlook, Sends Futures Lower

Cloudy Supply/Demand Picture Limits Natural Gas Outlook, Sends Futures Lower

Natural gas futures hovered in a narrow range early Friday before creeping lower and ultimately finishing firmly in negative territory, as traders determined the prior day’s nearly 80-cent rally was overcooked. The August Nymex gas futures contract settled at $6.034/MMBtu, down 26.3 cents day/day. September shed 29.5 cents to $5.967. At A Glance: Markets mull…

July 8, 2022
‹ Previous 1 2 3 5