nymex settlement

Natural Gas Forwards Pressured Lower on Supply, Mild Temps; East Coast Basis Strengthens

Natural Gas Forwards Pressured Lower on Supply, Mild Temps; East Coast Basis Strengthens

Facing a mild December forecast and record-level production flowing into the market, regional natural gas forwards underwent widespread selling during the Nov. 22-29 period, NGI’s Forward Look data show. January fixed prices at benchmark Henry Hub sold off 17.8 cents to end the period at $2.819/MMBtu, and January discounts of around 15 cents or more…

December 1, 2023
Natural Gas Futures Stumble Further Below $3; Spot Prices Surge

Natural Gas Futures Stumble Further Below $3; Spot Prices Surge

Natural gas futures retreated for a second session Monday, chased by another record production reading and warmer forecasts for early December. The December Nymex natural gas futures contract settled at $2.794/MMBtu, down 6.1 cents day/day. January fell 5.3 cents to $2.946. December futures touched an intraday low of $2.709 early in the morning, then trended…

November 27, 2023
Natural Gas Forward Prices Discounted at Coastal Demand Hubs as Forecasts Fail to Impress

Natural Gas Forward Prices Discounted at Coastal Demand Hubs as Forecasts Fail to Impress

Mixed trends in regional natural gas forwards trading for the Oct. 26-Nov. 1 period saw prices climb modestly for much of the Lower 48, though mild early winter forecasts put pressure on coastal demand hubs, particularly at the front of the curve. According to NGI’s Forward Look data, fixed prices for December delivery at benchmark…

November 3, 2023
Natural Gas Forwards Surge, Though Some Western Prices Down on Near-Term Warmth

Natural Gas Forwards Surge, Though Some Western Prices Down on Near-Term Warmth

Aside from some nearer term discounts at elevated western hubs, Lower 48 natural gas forwards raced higher during the Oct. 5-11 trading period, riding a wave of bullish sentiment in Nymex futures and at benchmark Henry Hub, NGI’s Forward Look data show. A bullish surprise from the U.S. Energy Information Administration’s (EIA) Oct. 5 natural…

October 13, 2023
Natural Gas Forwards Post Steep Discounts, but Dwindling Storage Surplus May Spark Recovery

Natural Gas Forwards Post Steep Discounts, but Dwindling Storage Surplus May Spark Recovery

With Starbucks’ pumpkin-spice lattes in hand, natural gas traders sent forward prices plummeting as crisp air began moving into the country even as Texas continued to bake under triple-digit temperatures. October forward prices fell by an average 30.0 cents from Aug. 31-Sept. 6, with West Coast markets leading the way as losses there were more…

September 8, 2023
Natural Gas Forwards Strengthen on Hot September Temps; Fundamentals Seen Tightening

Natural Gas Forwards Strengthen on Hot September Temps; Fundamentals Seen Tightening

With September lining up to deliver plenty of late-season heat, and with storage trends pointing to a shrinking Lower 48 inventory cushion, regional natural gas forwards advanced during the Aug. 24-30 trading period, NGI’s Forward Look data show. Fixed prices at benchmark Henry Hub climbed 20.4 cents week/week to end at $2.793/MMBtu for October delivery,…

September 1, 2023
Market Looking Past Near-Term Heat as Natural Gas Forwards Prices Sink

Market Looking Past Near-Term Heat as Natural Gas Forwards Prices Sink

Both regional natural gas forwards and Nymex futures came under selling pressure during the Aug. 17-23 trading period as the market looked beyond recent sweltering summer temperatures, which have only dented a lingering inventory surplus. Fixed prices at benchmark Henry Hub slid 9.5 cents to $2.494/MMBtu for September delivery, NGI’s Forward Look data show. Fixed…

August 25, 2023
More U.S. Natural Gas Price Swings Likely as Market Searches for Balance, ConocoPhillips Analyst Says

More U.S. Natural Gas Price Swings Likely as Market Searches for Balance, ConocoPhillips Analyst Says

U.S. natural gas futures swung from a 14-year high above $9.00/MMBtu in the summer of 2022 – following Russia’s invasion of Ukraine and shocks to global supplies –  to lows below $2.500 a year later amid robust production and demand fluctuations. While natural gas prices are always difficult to forecast, it’s a safe bet more…

August 18, 2023
West Coast Natural Gas Forward Prices Retreat as Supply Outlook Improves

West Coast Natural Gas Forward Prices Retreat as Supply Outlook Improves

Natural gas forward prices retreated through the Aug. 10-16 period as long-range forecasts point to a cooler end to the month with an increase in tropical activity. Strong production levels outside of maintenance, lagging LNG demand and robust underground stocks also weighed on the market, sending September forward prices down an average 25.0 cents, according…

August 18, 2023
‘Miserable’ Heat Ignites Rally for Natural Gas Futures, Cash Prices

‘Miserable’ Heat Ignites Rally for Natural Gas Futures, Cash Prices

Natural gas futures started the week on strong footing, supported in part by a hot late-August forecast and the potential for a material decline in the storage surplus. The September Nymex gas futures contract settled Monday at $2.725/MMBtu, up 14.8 cents from Friday. At A Glance: Late August forecast trends hotter Temperature, power records may…

August 7, 2023