Natural gas futures flipped positive early Thursday after a government inventory report proved bullish relative to recent years. However, it ultimately was not enough to ease festering supply/demand imbalance concerns. At A Glance: EIA prints 72 Bcf withdrawal Spring weather blossoming Production holds steady, stout The April Nymex gas futures contract lost 1.7 cents day/day…
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With Storage and Production Still Too Stout, Natural Gas Forward Prices Sink Further
Though late-season cold was boosting heating demand across most of the Lower 48, natural gas forward prices continued to decline during the March 9-15 period, according to NGI’s Forward Look. In a sign that the chilly weather arrived too little too late, fixed price decreases averaged 11.0 cents for the April contract, Forward Look data…

Technicals, Bump in Heating Demand Lift Natural Gas Futures, But Cold Still Seen as ‘Broken Promise’
Natural gas futures recovered a bit on Tuesday as some heating demand was added back to the 15-day forecast. With some technical support also in play, the April Nymex gas futures contract settled at $2.687/MMBtu, up 11.5 cents on the day. May futures climbed 11.0 cents to $2.840. At A Glance: GFS model trends cooler…

Natural Gas Futures Prices Crash After Weather Models ‘Implode, Slash Fundamental Support’
Natural gas futures plummeted on Monday as weekend weather models shed a huge amount of demand from the 15-day outlook. Though LNG demand hit a fresh high amid a key export facility’s return of operations, the April Nymex contract settled 43.7 cents lower at $2.572/MMBtu. May futures dropped 41.1 cents to $2.730. At A Glance:…

Pipeline Constraints, Severe Winter Weather Stoking West Coast Forward Prices; Futures Rally Continues
Natural gas forward prices escalated across the Lower 48 throughout the Feb. 23-March 1 period, with a continuation of winter storms fueling sharp premiums on the West Coast, according to NGI’s Forward Look. April forward prices remained low overall as benchmark Henry Hub stood Wednesday at $2.819/MMBtu. That has prompted some power generators to make…

Forward Prices Moderate Out West; Analysts See ‘Consistent Selling Pressure’ for Natural Gas
Already deflated by overwhelmingly mild weather so far this winter, regional natural gas forward prices saw a mix of generally small adjustments during the Feb. 2-8 trading period, NGI’s Forward Look data show. Having descended into sub-$3 territory, benchmark Henry Hub conceded another 6.9 cents for March fixed price trading, ending the period at $2.404/MMBtu.…

More Mild Temps on Tap for February as Natural Gas Forward Prices Slide
Value continued to erode in regional natural gas forwards markets during the Jan. 26-Feb. 1 trading period as forecasts showed this month was poised to carry over the same warm-dominated themes that have collapsed prices winter-to-date. March fixed prices at benchmark Henry Hub sank 44.7 cents to end the period at $2.473/MMBtu, and regional hubs…

Mild Weather Keeps a Lid on Natural Gas Forwards, with Largest Declines on West Coast
With mild weather continuing unabated across large swaths of the United States during the Jan. 12-17 period, natural gas forward prices tumbled, according to NGI’s Forward Look. The largest price declines were seen on the West Coast, where a much needed break from the torrential downpours was set to occur. AccuWeather said the pause in…

Warm January Drags Natural Gas Forwards Lower, with West Coast Leading Way
Natural gas forward prices continued to plummet during the trading period from Dec. 29-Jan. 4, this time taking West Coast markets along for the ride lower, NGI’s Forward Look showed. After bucking the down trend that began in the final week of 2022, West Coast markets led the price declines across the Lower 48 even…

January Warmth Sends Natural Gas Forwards Tumbling, Though West Remains Elevated
With constrained markets along the West Coast the notable exception, natural gas forwards tumbled during the Dec. 22-28 trading period as winter upside price risks faded on forecasts showing a mild start to 2023. Fixed prices for February delivery at Henry Hub shed 55.3 cents to end the period at $4.698/MMBtu, and numerous hubs throughout…