nymex settlement

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…

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…

Natural gas futures flew higher for the third time in four sessions as oppressive heat across most of the Lower 48 kept air conditioners cranking, and festering supply challenges in Europe bolstered the demand outlook for U.S. exports The August Nymex gas futures contract surged 74.3 cents day/day and settled at $8.007/MMBtu. September rose 74.9…

Natural gas futures flew higher on Monday, building on the prior week’s gains, as soaring temperatures baked much of the Lower 48 and forecasts called for heat waves to fester through July and into next month. The August Nymex contract jumped 46.3 cents day/day and settled at $7.479. September gained 45.6 cents to $7.382. The…

A sweltering summer temperature outlook overshadowed ongoing demand destruction from the Freeport LNG terminal outage to send natural gas forwards prices soaring during the July 7-13 trading period, NGI’s Forward Look data show. Fixed price trading for August delivery at benchmark Henry Hub surged $1.179 higher week/week to $6.690/MMBtu. That established the baseline for fixed…

Persistent production weakness, blistering domestic heat and robust demand for U.S. LNG converged on Wednesday to ignite a fresh natural futures rally. The August Nymex contract climbed 52.6 cents day/day to close at $6.689/MMBtu. September rose 56.8 cents to $6.589. At A Glance: Cooling demand holds strong across the U.S. European supplies remain under pressure…

Natural gas futures rebounded early Wednesday as production dropped and near-term cooling demand remained elevated. The prompt month, however, slipped lower by midday as traders digested expectations for a stout storage injection, and it struggled to regain momentum. The August Nymex gas futures contract ultimately fell 1.3 cents day/day and settled at $5.510. September shed…

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

Nymex natural gas futures, led now by the August contract, failed to hold onto early price gains amid weakening demand ahead of the holiday weekend. The August Nymex futures contract settled at $6.498/MMBtu, down 7.2 cents on the day. September futures slipped 6.4 cents to $6.493. At A Glance: Models still point to hot July…