nymex settlement

Utilities withdrew 23 Bcf of natural gas from storage for the week ended March 31, the U.S. Energy Information Administration (EIA) reported Thursday. The result was essentially on par with market expectations, leaving Nymex natural gas futures to drift lower. “Overall neutral release,” said one participant on the online energy platform Enelyst. Ahead of the…

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…

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…

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 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:…

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…

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.…

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…

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…