nymex settlement

Natural Gas Futures Flop Despite Looming Cold Fronts, Elevated Exports; Cash Cruises Higher

Natural Gas Futures Flop Despite Looming Cold Fronts, Elevated Exports; Cash Cruises Higher

Natural gas futures dived lower Wednesday even as demand for U.S. exports held strong, forecasts called for the harshest freeze of the winter and analysts expected a hefty storage withdrawal. The February Nymex gas futures contract lost 25.2 cents day/day and settled at $4.031/MMBtu. March fell 20.3 cents to $3.845. At A Glance: Forecasts for…

January 19, 2022
Natural Gas Forwards Explode on Near-Term Cold, but Outlook Casts Doubt on Sustainability

Natural Gas Forwards Explode on Near-Term Cold, but Outlook Casts Doubt on Sustainability

Plunging temperatures, soaring demand and falling production resulted in stout price gains across U.S. natural gas forward curves for the Dec. 31-Jan 5 period, NGI’s Forward Look data showed. Dollar-plus price increases spread across Appalachia and the Northeast as output struggled to recover amid ongoing cold in the region. The reduction in supply – a…

January 7, 2022
February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold

February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold

Strength in cash prices and expectations for ongoing blasts of frigid air over swaths of the Lower 48 sent natural gas futures higher on Wednesday. The February Nymex contract settled at $3.882/MMBtu, up 16.5 cents day/day. March gained 12.8 cents to $3.710. At A Glance: Cash prices cruise higher in the Midwest, Northeast  Forecasters call…

January 5, 2022
Blowtorch Temperatures Drain Spot, Futures Natural Gas Prices in Final Week of 2021

Blowtorch Temperatures Drain Spot, Futures Natural Gas Prices in Final Week of 2021

The continuation of record warmth sent spot gas prices tumbling for the trading period from Dec. 27 to 29, which covered gas deliveries through the end of the year. Despite some gains on the West Coast amid a series of winter storms, NGI’s Weekly Spot Gas National Avg. dropped an impressive 64.5 cents to $3.985/MMBtu.…

December 30, 2021
Natural Gas Futures Within Striking Distance of $4 on Early January Cold; Western Cash Up Sharply

Natural Gas Futures Within Striking Distance of $4 on Early January Cold; Western Cash Up Sharply

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…

December 22, 2021
January Natural Gas Futures Post Modest Gain Ahead of Next Round of EIA Storage Data

January Natural Gas Futures Post Modest Gain Ahead of Next Round of EIA Storage Data

With liquidity wearing thin ahead of the holidays, traders were not looking to take on weather risks midweek despite continued uncertainty in the forecast. The January Nymex gas futures contract settled 5.5 cents higher day/day Wednesday at $3.802/MMBtu. February climbed 4.8 cents to $3.761. At A Glance: Cold coming, but expected to last Storage deficit…

December 15, 2021
Winter Discounts the Norm for Natural Gas Forwards; West Coast Basis Widens

Winter Discounts the Norm for Natural Gas Forwards; West Coast Basis Widens

As natural gas traders in the western United States braced for higher demand, prices throughout the rest of the country continued to erode during the five-day Dec. 2-8 trading period, NGI’s Forward Look data show. January fixed price trades for delivery at Henry Hub fell 44.3 cents week/week to $3.835/MMBtu, and most Lower 48 hubs…

December 10, 2021
Hints of Colder Weather Send Shivers Up Natural Gas Futures Curve

Hints of Colder Weather Send Shivers Up Natural Gas Futures Curve

Natural gas futures strengthened for the second day in a row, this time on what forecasters said was the potential for a “material change” in the weather pattern before the new year begins. The January Nymex gas futures contract settled Wednesday at $3.815/MMBtu, up 10.7 cents day/day. February climbed 10.0 cents to $3.774. Spot gas…

December 8, 2021
Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

The natural gas market returned from Thanksgiving seemingly ready to pull the plug on winter.  Amid forecasts insisting on a milder December pattern that would substantially mitigate risks of a winter supply crunch, natural gas forwards dropped sharply during the Nov. 24-Dec. 1 trading period, NGI’s Forward Look data show. Henry Hub fixed price forwards…

December 3, 2021
January Natural Gas Prices Plunge Back to $4.25 as LNG Demand No Match for Mild Weather

January Natural Gas Prices Plunge Back to $4.25 as LNG Demand No Match for Mild Weather

Natural gas futures extended their losses for a third straight day as weather models continue to portray a pattern that is more reflective of springtime conditions than winter. After shedding more than 90 cents over the previous two sessions, the January Nymex gas futures contract plunged another 30.9 cents to settle at $4.258/MMBtu. Spot gas…

December 1, 2021
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