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…
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Articles from natural gas spot prices
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…
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.…
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…
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…
Technicals Drive Natural Gas Futures Rebound as Cash Rises on Lingering Heat
An early slide along the Nymex natural gas futures curve gave way to a technical bounce midday, ultimately boosting the July contract by 28.1 cents to a $6.501/MMBtu settlement. August futures climbed 26.5 cents to $6.546. Spot gas prices also were mostly higher after the weekend, even as temperatures moderated from the unusually high levels…
Bulls Buy Dip, Send Natural Gas Futures Modestly Higher Despite Hefty Storage Build
Natural gas futures were poised to extend their decline for a third straight day after the latest government inventory report showed a bigger-than-expected increase in storage levels for mid-April. A pop late in Thursday’s session, however, lifted the May Nymex gas futures contract to $6.957/MMBtu, up 2.0 cents day/day. June futures tacked on 3.0 cents…
Natural Gas Price Bulls Persevere on Production Decrease, Deteriorating Storage Outlook
After a bit of hesitation, natural gas futures notched another day in the green as production declined and weather models aligned in showing a cooler-than-normal pattern that would keep hefty storage deficits intact throughout the month. The May Nymex contract settled at $6.680/MMBtu, up 3.7 cents day/day. June futures climbed 4.0 cents to $6.763. Spot…
With Fresh Pandemic Concerns and Spring Temperatures, April Natural Gas Futures Contract Flops on Final Day
Natural gas futures floundered on Tuesday as the domestic weather outlook shifted increasingly bearish, production ticked up and energy commodities broadly dipped lower amid pandemic flare-ups and the potential for a cease-fire in Ukraine. On its final day as the prompt month, the April Nymex gas futures contract lost 17.2 cents day/day and settled at…
April Natural Gas Futures Falter as Expiry Approaches; Spot Prices Spike in Northeast
Natural gas prices drifted lower early Monday and held there as traders assessed evolving weather patterns and the potential for storage injections against flat production and ongoing robust demand for U.S. exports. The April Nymex gas futures contract settled at $5.508/MMBtu, down 6.3 cents day/day. May shed 7.3 cents to $5.538. NGI’s Spot Gas National…