Prices

Natural Gas Futures Kick off New Year with Solid Gain; Spot Prices Jump

Natural Gas Futures Kick off New Year with Solid Gain; Spot Prices Jump

Natural gas futures advanced Monday – the first trading session of 2021 – building on the nearly 12-cent gain to finish last year, with U.S. liquefied natural gas (LNG) exports strong, production flat and the weather-driven demand outlook improved. The February Nymex gas futures contract settled at $2.581/MMBtu, up 4.2 cents day/day. March rose 3.5…

January 4, 2021
Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from the 15-day outlook.  With any opportunity for truly cold weather not expected before the middle of next month, the January Nymex gas futures contract settled Monday at $2.305/MMBtu,…

December 28, 2020
LNG Dip, Pandemic Worries Keep January Natural Gas Futures in Check; Spot Prices Sink

LNG Dip, Pandemic Worries Keep January Natural Gas Futures in Check; Spot Prices Sink

Despite favorable weather news, natural gas futures traded sideways Monday as worries mounted over a still-surging coronavirus pandemic and its potential impacts on economies and energy demand. The January Nymex contract settled at $2.705/MMBtu, up a half-cent day/day. February ticked up eight-tenths of a cent to $2.689. NGI’s Spot Gas National Avg., meanwhile, declined 19.5…

December 21, 2020
Record Snowstorm Snaps Natural Gas Forward Losing Streak; Rampant LNG Demand Fuels Price Gains in 2021

Record Snowstorm Snaps Natural Gas Forward Losing Streak; Rampant LNG Demand Fuels Price Gains in 2021

Fresh off a record-setting Nor’easter that dumped more snow along the upper East Coast than all the snowstorms in 2019 combined, natural gas forward prices finally snapped a three-week losing streak. January prices jumped 22.0 cents on average between Dec. 10 and 16, while the balance of winter (January-March) climbed 18.0 cents, according to NGI’s…

December 17, 2020
Gains Mount for Natural Gas Futures as Frosty Temps Creep into Forecasts; Snow Storms Lift Cash

Gains Mount for Natural Gas Futures as Frosty Temps Creep into Forecasts; Snow Storms Lift Cash

Natural gas futures extended their gains for a fourth consecutive session as weather models continue to tease more cold for the end of the month and into January. The January Nymex contract settled Monday at $2.682, up 9.1 cents from Friday’s close. February climbed 7.5 cents to $2.678. Spot gas prices also rallied at the…

December 14, 2020
EIA Raises 1Q2021 Brent Forecast as OPEC-Plus Set to Curb Production

EIA Raises 1Q2021 Brent Forecast as OPEC-Plus Set to Curb Production

Citing a recent decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC-plus) to limit production, the U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for 1Q2021 Brent crude oil prices to $47/bbl, up $5 from projections issued a month earlier. The new Brent price forecast, published Tuesday in the…

December 9, 2020
January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

Natural gas futures climbed Monday as more intense winter weather loomed and forecasters predicted colder temperatures over the first half of December, increasing the likelihood of greater heating demand. The January Nymex contract rose 3.9 cents day/day to settle at $2.882/MMBtu after taking over as the prompt month following the Thanksgiving holiday. February advanced 3.3…

November 30, 2020
U.S. E&Ps Seen Cutting Exposure to 2021 Natural Gas Prices, but Boost Oil Hedging

U.S. E&Ps Seen Cutting Exposure to 2021 Natural Gas Prices, but Boost Oil Hedging

U.S. producers have decreased their exposure to natural gas prices and boosted it for oil heading into 2021, which could have a significant impact on the bottom line, according to Raymond James & Associates Inc. Analyst John Freeman said in a note Monday the exploration and production (E&P) companies covered by Raymond James had hedged…

November 18, 2020
December Natural Gas Futures Plummet on Fading Weather Demand; Spot Prices Eke Out Gain

December Natural Gas Futures Plummet on Fading Weather Demand; Spot Prices Eke Out Gain

Despite robust export demand, bearish weather patterns and increased production weighed down natural gas futures on Monday. The December Nymex contract dropped 29.8 cents day/day and settled at $2.697/MMBtu to start the trading week. January fell 25.8 cents to $2.864. NGI’s Spot Gas National Avg. rose 3.0 cents to $2.630, as demand in the Northeast…

November 16, 2020
Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

November 13, 2020
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