Prices

August Natural Gas Futures Find Momentum Amid Expectations for Lower Storage Build

August Natural Gas Futures Find Momentum Amid Expectations for Lower Storage Build

Traders shrugged off early weather concerns Wednesday and nudged August natural gas futures higher as major polls showed expectations for a positive storage injection report that would reflect improved supply/demand balance. The August Nymex contract rose six-tenths of a cent day/day and settled at $1.681/MMBtu. September climbed four-tenths of a cent to $1.718.  NGI’s Spot…

July 22, 2020
August Natural Gas Pares Losses as Summer Heat Continues to Support Demand

August Natural Gas Pares Losses as Summer Heat Continues to Support Demand

Natural gas futures were trading close to even early Tuesday as the market continued to weigh hotter-than-normal summer temperatures against indications of underlying looseness in the supply/demand balance. Paring its losses from the previous session, the August contract was trading 1.3 cents higher at $1.654/MMBtu at around 8:40 a.m. ET. In the overnight weather data,…

July 21, 2020
North Dakota Reports ‘Five-Alarm Fire’ as Production Tumbles

North Dakota Reports ‘Five-Alarm Fire’ as Production Tumbles

Calling it a “five-alarm fire,” North Dakota’s chief oil and gas regulator on Friday reported record oil and gas production declines during May among a sea of inactive or under-active Bakken Shale wells. May oil production fell 30% to 26.6 million bbl (858,000 b/d), compared to 36.6 million bbls (1.2 million b/d) in April. Natural…

July 20, 2020
Hawaii Residents Pay Most for Natural Gas, with Idaho Ranked Lowest, Says WalletHub

Hawaii Residents Pay Most for Natural Gas, with Idaho Ranked Lowest, Says WalletHub

Connecticut residents pay the most of any state overall for their energy, whether it be natural gas, electricity, home heating oil and motor fuel, while Washington, DC, residents pay the least, according to a new report by WalletHub. The Evolution Finance Inc. subsidiary found that on average, Connecticut residents spend $372/month for their energy, whereas…

July 17, 2020
Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Coming off a sharp surge from the prior week, natural gas forwards sputtered a bit during the July 9-15 period as spiking coronavirus cases across the United States threatened continued economic and energy demand recovery, according to NGI’s Forward Look. Meanwhile, higher oil prices have incentivized producers to return to the oil patch, resulting in…

July 16, 2020
As Intense Heat Simmers, August Natural Gas Futures Trade Higher Ahead of Next Storage Report

As Intense Heat Simmers, August Natural Gas Futures Trade Higher Ahead of Next Storage Report

Natural gas futures advanced Wednesday as markets mulled prospects for continued intense heat along and estimates for a bullish storage injection report. The August Nymex contract advanced 3.2 cents day/day and settled at $1.778/MMBtu. September rose 3.1 cents to $1.818.  NGI’s Spot Gas National Avg. declined a half-cent to $1.670. Bespoke Weather Services said that…

July 15, 2020
PRAs Tout Confidence in Long-Term Liquidity of Natural Gas Published Indexes

PRAs Tout Confidence in Long-Term Liquidity of Natural Gas Published Indexes

Two leading Price Reporting Agencies (PRA) indicated that the decline in reported transactions has leveled off in recent years, and they remain confident that the data received from the market is sufficient to determine published natural gas indexes. Representatives from Natural Gas Intelligence and S&P Global Platts each cited recent stabilization in reporting numbers and…

July 15, 2020
August Natural Gas Futures Eke Out Modest Gain on Cooling Demand Expectations

August Natural Gas Futures Eke Out Modest Gain on Cooling Demand Expectations

Ongoing expectations for above-normal temperatures and strong cooling demand through July and beyond nudged August natural gas futures higher Tuesday. The August Nymex contract rose seven-tenths of cent day/day and settled at $1.746/MMBtu. September, however, decreased 1.0 cent to $1.787.  NGI’s Spot Gas National Avg. declined 4.5 cents to $1.675. While the latest forecasts lack…

July 14, 2020
August Natural Gas Futures Dip Lower Alongside Forecasts for Less Intense Heat

August Natural Gas Futures Dip Lower Alongside Forecasts for Less Intense Heat

Though intense heat remains in the cards for the balance of summer, near-term forecasts shifted cooler over the weekend and had a dampening effect on natural gas futures Monday. The August Nymex contract lost 6.6 cents day/day and settled at $1.739/MMBtu. September fell 5.0 cents to $1.797.  NGI’s Spot Gas National Avg. advanced 1.0 cent…

July 13, 2020
EIA Says Henry Hub Natural Gas Averaged $1.81/MMBtu January-June

EIA Says Henry Hub Natural Gas Averaged $1.81/MMBtu January-June

U.S. natural gas benchmark Henry Hub prices tracked nearly $1 below year-ago levels in the first half of the year, averaging only $1.81/MMBtu, according to the Energy Information Administration (EIA). This included a record low of $1.61 in June and sub-$2 gas in each month from February through June. Before 2020, the Henry Hub price…

July 13, 2020