NYMEX

April Natural Gas Flat in Early Trading Ahead of Expiry

April Natural Gas Flat in Early Trading Ahead of Expiry

Natural gas futures were trading close to even early Tuesday, with the looming expiration of the April contract thus far failing to produce any fireworks amid depressed pricing at the front of the curve. The April Nymex contract was unchanged at $1.615/MMBtu as of 8:46 a.m. ET. May was off fractionally at $1.787. Analysts at…

March 26, 2024
April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary

April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary

April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…

March 25, 2024
Natural Gas Futures Weighed Down by Oversupply Ahead of April Expiry

Natural Gas Futures Weighed Down by Oversupply Ahead of April Expiry

Continuing to struggle under the weight of excess supply exiting the heating season, natural gas futures fell in early trading Monday. The April Nymex contract, set to expire Tuesday, was off 3.5 cents to $1.624/MMBtu at around 8:40 a.m. ET. May was down 3.5 cents to $1.777. With weak physical prices at Henry Hub this…

March 25, 2024
Some Natural Gas Markets Seeing Stronger Basis, but Permian Forwards Crushed

Some Natural Gas Markets Seeing Stronger Basis, but Permian Forwards Crushed

Natural gas forward prices pushed modestly higher at the front of the curve during the March 14-20 trading period, particularly in the Northeast and Appalachia, data from NGI’s Forward Look show. Meanwhile, spring contracts at hubs near the congested Permian Basin struggled under the weight of weak near-term fundamentals. Fixed prices for April delivery at…

March 22, 2024
Natural Gas Futures Called Slightly Lower as Early Injection Confirms Lack of Weather

Natural Gas Futures Called Slightly Lower as Early Injection Confirms Lack of Weather

With an unusually early storage injection seemingly confirming market assumptions around balances following a stretch of extremely mild weather, natural gas futures were treading water early Friday. The April Nymex contract was off 0.6 cents to $1.677/MMBtu as of 8:40 a.m. ET. May was trading at $1.828, off 0.3 cents. The U.S. Energy Information Administration…

March 22, 2024
Permian Natural Gas Forward Prices Plummet; Other Markets Seeing Basis Improvement

Permian Natural Gas Forward Prices Plummet; Other Markets Seeing Basis Improvement

Natural gas forward prices pushed modestly higher at the front of the curve during the March 14-20 trading period, particularly in the Northeast and Appalachia, data from NGI’s Forward Look show. Meanwhile, spring contracts at hubs near the congested Permian Basin struggled under the weight of weak near-term fundamentals. Fixed prices for April delivery at…

March 21, 2024
Early Injection Expected from EIA as Natural Gas Futures Slide

Early Injection Expected from EIA as Natural Gas Futures Slide

With the latest government inventory data expected to further expand the storage surplus and potentially reveal an unseasonably early net injection, natural gas futures fell in early trading Thursday. The April Nymex contract was off 0.8 cents to $1.691/MMBtu as of 8:47 a.m. ET. May was down 1.4 cents to $1.831. Estimates for the U.S.…

March 21, 2024
April Natural Gas Price Rally Stifled by Weather Outlook, Possible Storage Build; Cash Prices Mixed

April Natural Gas Price Rally Stifled by Weather Outlook, Possible Storage Build; Cash Prices Mixed

April Nymex natural gas futures’ advance was cut short after two days as weather outlooks that supported gains early in the week shifted warmer midweek. Pressure was added while the market braces for a possible small storage injection in the U.S. Energy Information Administration (EIA) storage data that would further widen the inventory overhang. At…

March 20, 2024
Storage Glut Pressures Natural Gas Futures; Northeast Cash Climbs — MidDay Market Snapshot

Storage Glut Pressures Natural Gas Futures; Northeast Cash Climbs — MidDay Market Snapshot

As another unseasonable storage result loomed, threatening to further expand an already huge inventory surplus, natural gas futures retreated through midday trading Wednesday. Meanwhile, with snow in the forecast for the Northeast, spot prices there rallied. Here’s the latest: April Nymex contract down 5.1 cents to $1.693/MMBtu as of 2:09 p.m. ET After going as…

March 20, 2024
Natural Gas Futures Steady Early as Market Mulls Supportive Late-Season Cooling

Natural Gas Futures Steady Early as Market Mulls Supportive Late-Season Cooling

Natural gas futures hovered close to unchanged early Wednesday as modest late-season cooling remained supportive for a market working through a significant storage glut exiting winter. After turning in two straight positive sessions to open the work week, including a 4.1-cent gain on Tuesday, the April Nymex contract was trading flat at $1.744/MMBtu as of…

March 20, 2024