NYMEX

Warmer Forecasts, Returning Production Sink Natural Gas Futures Early

Warmer Forecasts, Returning Production Sink Natural Gas Futures Early

Natural gas futures were down sharply in early trading Monday, pressured by a warmer weather outlook and production coming back online following last week’s cold-related disruptions. The March Nymex contract was down 13.8 cents to $2.931/MMBtu at around 8:50 a.m. ET. Forecasts trended warmer over the weekend, showing a warmer than normal pattern for early…

February 22, 2021
Wild Natural Gas Spot Gas Action Reverberates Through Forwards Markets as Fallout Still Unclear

Wild Natural Gas Spot Gas Action Reverberates Through Forwards Markets as Fallout Still Unclear

The extraordinary tumult in the physical natural gas market rippled through the forward curves  during the trading week ended Wednesday as hubs throughout the country posted sizable week/week gains in both fixed and basis prices. Prompt-month fixed prices in NGI’s Forward Look rallied by the double digits from coast to coast for the Feb. 11-17…

February 19, 2021
Natural Gas Futures Close to Unchanged Early; ‘Bullish Setup’ as Massive Draw Expected

Natural Gas Futures Close to Unchanged Early; ‘Bullish Setup’ as Massive Draw Expected

As traders and analysts contemplated the supply/demand balance implications of unprecedented disruptions in the natural gas system over the past week, futures prices hovered close to even in early trading Friday. The March Nymex contract was up 0.6 cents to $3.088/MMBtu at around 8:45 a.m. ET. Milder temperatures over the weekend and moderating prices in…

February 19, 2021
With Worst of Energy Crisis Likely in Rear-View Mirror, Natural Gas Futures, Cash Prices Plummet

With Worst of Energy Crisis Likely in Rear-View Mirror, Natural Gas Futures, Cash Prices Plummet

Despite the lack of clarity on the long-term impacts from this week’s Arctic storm, news that power had been restored to most Texas residents on Thursday and warmer weather seen moving into the Lower 48 by next week sent natural gas futures prices crumbling.  A huge bearish miss in the latest government storage data sealed…

February 18, 2021
Weather Models Warm as Natural Gas Futures Retreat; ERCOT Makes ‘Significant Progress’ in Power Restoration

Weather Models Warm as Natural Gas Futures Retreat; ERCOT Makes ‘Significant Progress’ in Power Restoration

As overnight weather data shifted warmer, and as traders mulled the implications of an export ban out of Texas, natural gas futures pulled back a few cents in early trading Thursday. The March Nymex contract was down 4.3 cents to $3.176/MMBtu at around 8:50 a.m. ET. The major weather models trended warmer overnight, lowering demand…

February 18, 2021
Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

While energy markets were still reeling from the unprecedented conditions driving physical natural gas prices into the hundreds of dollars per MMBtu at hubs all over the country, futures price action appeared markedly more calm early Wednesday.  After locking in a 21.7-cent gain in the previous settle, the March Nymex contract was trading 3.0 cents…

February 17, 2021
Natural Gas Futures Called Higher Early Amid ‘Excitement’ Over Intense Cold, Soaring Cash

Natural Gas Futures Called Higher Early Amid ‘Excitement’ Over Intense Cold, Soaring Cash

Natural gas futures climbed in early trading Friday as surging physical prices and production freeze-offs illustrated the impact of frigid temperatures sweeping through the Lower 48. The March Nymex contract was up 5.7 cents to $2.925/MMBtu at around 8:45 a.m. ET. The weather models trended warmer overnight, according to Bespoke Weather Services. The firm attributed…

February 12, 2021
Forecasts Hone in on ‘Bitter Cold’ as Natural Gas Futures Probe Higher Early

Forecasts Hone in on ‘Bitter Cold’ as Natural Gas Futures Probe Higher Early

Natural gas futures probed higher early Thursday, testing the $3/MMBtu barrier as higher confidence in frigid temperatures this month and the prospect of a hefty storage withdrawal boosted prices. The March Nymex contract was up 8.7 cents to $2.998/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed the early price gains Thursday…

February 11, 2021
Natural Gas Futures Called Slightly Higher as Forecasts Maintain Frigid Temperatures

Natural Gas Futures Called Slightly Higher as Forecasts Maintain Frigid Temperatures

As traders and analysts parsed the latest forecasts for clues on the intensity of this month’s frigid temperatures and the timing of when the cold pattern will start to fade, natural gas futures were up slightly early Wednesday. The March Nymex contract was trading 2.9 cents higher at $2.864/MMBtu at around 8:50 a.m. ET. As…

February 10, 2021
Cold Seen Weakening Later This Month as Natural Gas Futures Slide Early

Cold Seen Weakening Later This Month as Natural Gas Futures Slide Early

Updated forecasts showing colder temperatures moderating later this month helped to pressure natural gas futures lower in early trading Tuesday. The March Nymex contract was down 7.0 cents to $2.812/MMBtu at around 8:50 a.m. ET. The American Global Forecast System (GFS) and European weather models both shed heating degree days from their respective outlooks overnight,…

February 9, 2021