nymex settlement

Pacific Northwest, Rockies Forward Prices Rise as Snow, Bitter Cold Stoke Demand, Storage Draws

Pacific Northwest, Rockies Forward Prices Rise as Snow, Bitter Cold Stoke Demand, Storage Draws

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 23, 2022
Natural Gas Forward Prices Sharply Higher as Weather Models Tease Late-November Cold

Natural Gas Forward Prices Sharply Higher as Weather Models Tease Late-November Cold

Natural gas forward prices surged from Oct. 27 to Nov. 2 as hints of colder weather finally emerged in long-range forecasts, NGI’s Forward Look data showed.  December prices rose an average 41.0 cents through the trading period, while frigid air and early-season snow in the Pacific Northwest and Rockies fueled even more substantial increases in…

November 4, 2022
Natural Gas Forwards Slide on Easing European Prices amid Healthy Storage Builds

Natural Gas Forwards Slide on Easing European Prices amid Healthy Storage Builds

As the U.S. natural gas market continued to assess winter supply risks in the context of exorbitant European energy costs, forwards eased lower during the Aug. 25-30 trading period, NGI’s Forward Look data show. Fixed price trading for October delivery at benchmark Henry Hub shed 25.8 cents during the period to end at $9.047/MMBtu. For…

September 1, 2022
U.S. Market Continues to Eye Europe’s Energy Crisis as Natural Gas Forwards Retreat

U.S. Market Continues to Eye Europe’s Energy Crisis as Natural Gas Forwards Retreat

As the U.S. natural gas market continued to assess winter supply risks in the context of exorbitant European energy costs, forwards eased lower during the Aug. 25-30 trading period, NGI’s Forward Look data show. Fixed price trading for October delivery at benchmark Henry Hub shed 25.8 cents during the period to end at $9.047/MMBtu. For…

August 31, 2022
Natural Gas Forward Prices Fail to Break $10 Mark, but Global Supply Uncertainty Still Reigns

Natural Gas Forward Prices Fail to Break $10 Mark, but Global Supply Uncertainty Still Reigns

Natural gas forwards trading was mixed during the Aug. 18-24 period as the market weighed ongoing supply adequacy concerns and spiking global prices against a later-than-expected return to service for a key U.S. export terminal this fall. In terms of week/week front-month fixed price changes, the middle third of the Lower 48 was peppered with…

August 26, 2022
With Cooler Weather on Tap, Natural Gas Weekly Cash, Futures Slide

With Cooler Weather on Tap, Natural Gas Weekly Cash, Futures Slide

Spot gas prices tumbled through the Aug. 1-5 trading week as stronger production figures countered sweltering heat across most of the country. With thunderstorms rolling through the Midwest, and cooler weather expected in some regions by the weekend, NGI’s Weekly Spot Gas National Avg. fell 63.5 cents to $8.020/MMBtu. Nymex futures also ended the week…

August 5, 2022
Cooler Mid-August Outlook Sends Natural Gas Futures Lower, while Rain Dampens Cash

Cooler Mid-August Outlook Sends Natural Gas Futures Lower, while Rain Dampens Cash

After choppy trading, natural gas futures slipped firmly into the red after the latest weather model dropped a decent chunk of projected demand from the 15-day forecast. The September Nymex gas futures contract settled Friday at $8.064/MMBtu, down 5.8 cents day/day. October futures fell 6.3 cents to $8.051. At A Glance: Weather models converge in…

August 5, 2022
Natural Gas Forwards Prices Vary by Region Amid Evolving Supply/Demand Outlook

Natural Gas Forwards Prices Vary by Region Amid Evolving Supply/Demand Outlook

Natural gas forwards prices were mixed, with mostly modest gains during the July 28-Aug. 3 trading period amid forecasts for minor easing in the intensity of summer heat through the middle of August, NGI’s Forward Look data show. Fixed price trading for September delivery at benchmark Henry Hub climbed 13 cents week/week to $8.135/MMBtu. That…

August 5, 2022
Southeast Forward Basis Prices Surge as Heat Boosts Power Loads, Stresses Natural Gas Pipelines

Southeast Forward Basis Prices Surge as Heat Boosts Power Loads, Stresses Natural Gas Pipelines

Natural gas basis prices for August skyrocketed across the Southeast during the trading period ending July 27 as searing heat ratcheted up cooling demand, NGI’s Forward Look data showed. The massive premiums occurred on top of surging fixed forward prices across North America. Henry Hub August fixed prices jumped 76.0 cents through the period to…

July 29, 2022
New England Natural Gas Forward Prices Surge on Heat-Induced Spike in Demand, Tight Capacity

New England Natural Gas Forward Prices Surge on Heat-Induced Spike in Demand, Tight Capacity

With stifling heat and high humidity spreading across the Eastern Seaboard, natural gas forward prices in New England raced higher with pipelines tapped out and unable to move additional supply to the region. Fixed prices for August soared $1.86 for the trading period through Wednesday (July 21) to reach $8.236/MMBtu at the Algonquin Citygate, a…

July 22, 2022
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