natural gas storage

Brief cold snaps combined with stronger power burns amid a substantial decline in wind generation to lift spot natural gas prices for the trading week Dec. 20-23. The most significant gains occurred on the West and East coasts thanks to winter storms that rolled through those regions. The lofty spikes drove a notable 42.0-cent increase…

Natural gas futures took a major step back Thursday as an upcoming cold snap was seen not packing quite as much punch as initially expected. Though the latest government inventory data showed continued tightness, the January Nymex gas futures contract settled 24.5 cents lower day/day at $3.731/MMBtu. The February contract dropped 23.0 cents to $3.630.…

As forecasts suggested a mild Christmas could give way to a chilly New Year’s, the natural gas market baked in a healthy dose of upside for January prices during the Dec. 16-22 trading period, NGI’s Forward Look data show. Fixed gas prices for January delivery mounted double-digit gains throughout the Lower 48 for the period,…

After some intraday volatility amid thin pre-holiday trading, natural gas futures shot higher midweek on the increasing likelihood that frigid air would finally descend into vast stretches of the United States. The January Nymex gas futures contract soared 10.7 cents to settle at $3.976 on Wednesday. The prompt month has gained 28.6 cents over the…

The Energy Information Administration (EIA) reported a mostly on-target withdrawal from underground storage, a 55 Bcf pull for the week ending Dec. 17 that had little immediate impact on prices. Already down more than 30.0 cents day/day at around $3.630/MMBtu on a warmer early-January outlook, the prompt Nymex natural gas futures contract ticked up to…

A large decline in heating demand expectations in the latest round of forecasts sent natural gas futures tumbling in early trading Thursday. The January Nymex contract was down 16.1 cents to $3.815/MMBtu at around 8:55 a.m. ET. Forecasts trended warmer overnight to significantly lower projected demand day/day, with the change particularly pronounced in the European…

Natural gas prices see-sawed Tuesday as traders weighed modest near-term domestic heating needs against an anticipated freeze early next month and surging demand for U.S. liquefied natural gas (LNG). Ultimately, the latter factors carried the day, and the January Nymex gas futures contract advanced 3.5 cents and settled at $3.869. February gained 1.6 cents to…

With the latest weather model runs continuing to advertise a shift to frigid temperatures to start the new year, natural gas futures climbed in early trading Wednesday. The January Nymex contract was up 14.2 cents to $4.011/MMBtu at around 8:55 a.m. ET. The latest data from the American and European weather models continued to show…

Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…