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…
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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…
Western Moderation, Eastern Gains Highlight Latest Natural Gas Forwards Price Action
Natural gas forward gains were widespread during the Dec. 8-14 period as forecasts showed Arctic chills sweeping through the eastern two-thirds of the Lower 48 heading into the back half of December. Meanwhile, already-elevated western hubs saw prices moderate, according to NGI’s Forward Look. As the market locked onto the coming cold blast and a…
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…
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…
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…
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…
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…
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…
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…