natural gas

Natural Gas’ Meteoric Rise Continues after EIA’s Smaller-Than-Normal Storage Build

Natural Gas’ Meteoric Rise Continues after EIA’s Smaller-Than-Normal Storage Build

Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Natural gas futures had finished off the short holiday week with another huge leap higher after…

April 18, 2022
Balances Seen Needing ‘More Loosening’ as Natural Gas Forwards Rally on Supply Risks

Balances Seen Needing ‘More Loosening’ as Natural Gas Forwards Rally on Supply Risks

With natural gas futures marching relentlessly higher against a backdrop of supply adequacy concerns and geopolitical uncertainty, forwards prices reflected the bullish sentiment pervading the market during the April 7-13 trading period. Front month fixed price gains of around 90 cents to $1.00 were the norm for most Lower 48 hubs for the period, NGI’s…

April 14, 2022
Bulls Extend Run to Four Weeks as U.S. Natural Gas Surges to $7.00 – Mexico Spotlight

Bulls Extend Run to Four Weeks as U.S. Natural Gas Surges to $7.00 – Mexico Spotlight

North American natural gas futures continued to push higher last week as production and storage worries combined with strong global demand pushed futures prices over $7.00/MMbtu. That’s four straight weeks of rising natural gas prices as energy markets remain in turmoil following Russia’s unprovoked invasion of Ukraine. On Wednesday, the New York Mercantile Exchange prompt-month…

April 14, 2022
Bull Stampede Continues on Supportive Near-Term Fundamentals, Cash Stays Strong

Bull Stampede Continues on Supportive Near-Term Fundamentals, Cash Stays Strong

One day removed from choppy price action along the Nymex natural gas futures strip, May prices forged ahead midweek. With traders looking ahead to a smaller-than-normal increase in storage inventories, the prompt-month contract soared to a $7.005/MMBtu intraday high before settling Wednesday at $6.997, up 31.7 cents on the day. June futures rallied 33.3 cents…

April 14, 2022
EIA Forecasting $5.23 Henry Hub Natural Gas Price, U.S. Production Uptick in 2022

EIA Forecasting $5.23 Henry Hub Natural Gas Price, U.S. Production Uptick in 2022

U.S. dry natural gas production should average 96.9 Bcf/d in April and 97.4 Bcf/d for full-year 2022, which would reflect a 3.8 Bcf/d increase over 2021 levels, according to updated forecasting from the Energy Information Administration (EIA). As the market has keyed in on supply adequacy fears and sent prices soaring well above $6.500/MMBtu this…

April 13, 2022
Natural Gas Futures Eke Out Small Price Gain, with Further Increases Likely

Natural Gas Futures Eke Out Small Price Gain, with Further Increases Likely

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…

April 13, 2022
Cleco Power Kicks Off Engineering Study for Louisiana CCS Project

Cleco Power Kicks Off Engineering Study for Louisiana CCS Project

Cleco Power is developing a carbon capture and sequestration (CCS) facility at its Brame Energy Center power plant in Rapides Parish, LA, parent company Cleco Corporate Holdings LLC reported Monday. According to Cleco, the Project Diamond Vault CCS facility at Brame’s Madison 3 generating unit would be one of the first U.S. projects to capture…

April 13, 2022
Is Shift Ahead for North America’s Natural Gas Market? – Listen Now to NGI’s Hub & Flow

Is Shift Ahead for North America’s Natural Gas Market? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow for a review of supply/demand fundamentals affecting North American natural gas prices today and what they could mean for the market in the near future. In the podcast, NGI’s Patrick Rau, director of Strategy and Research, highlights the potential gas market shift.…

April 13, 2022
Argentina Racing to Secure Natural Gas Volumes as Cold Weather Approaches

Argentina Racing to Secure Natural Gas Volumes as Cold Weather Approaches

Argentina took a step towards securing additional natural gas supplies for this upcoming Southern Cone winter with a new agreement with neighboring Bolivia. The agreement guarantees Argentina will receive 14 Mm3/d of gas from Bolivia from May to September, the same volume of imports as last winter. Bolivia had initially said it would send out…

April 12, 2022
Natural Gas Rallies as Much More Supply Needed to Avoid Winter Crunch; Cash Up

Natural Gas Rallies as Much More Supply Needed to Avoid Winter Crunch; Cash Up

It was off to the races for natural gas futures prices Monday as a bump in production did little to assuage growing concerns about supply later this year, especially in light of the latest weather data. With chilly weather seen boosting demand for most of this month, the May Nymex futures contract exploded 36.5 cents…

April 12, 2022