SoCal Citygate

Natural Gas Futures Slip As Early Strength Fades, Stout Supply Worries Continue; Cash Prices Fall

Natural Gas Futures Slip As Early Strength Fades, Stout Supply Worries Continue; Cash Prices Fall

Natural gas futures fell for a fourth session Tuesday after an early move higher fizzled. Bulls were undermined by last week’s bearish storage injection still looming large, as well as another production record Monday and weather models’ fickle hot-and-cool wavering about next week’s cold. At A Glance: December contract sheds 3.6 cents January contract settles…

November 21, 2023
Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural gas futures fell on Monday for a third session, undermined by tapped down demand forecasts for this week’s cold and production volumes near or at new all-time highs. The December Nymex natural gas futures contract settled at $2.882/MMBtu, down 7.8 cents from Friday’s settlement.  At A Glance: Prompt month falls for third session Production…

November 20, 2023
Natural Gas Futures Stumble as Forecasts Walk Back Some Demand; Cash Jumps on Permian Supply Cuts 

Natural Gas Futures Stumble as Forecasts Walk Back Some Demand; Cash Jumps on Permian Supply Cuts 

Natural gas futures failed to sustain Monday’s momentum and finished lower Tuesday after weather forecasts took back some of the latest modeled demand boon for later this month. The December Nymex natural gas futures contract fell 9.1 cents day/day to settle at $3.092/MMBtu. January shed 8.4 cents to end at $3.303. At A Glance: Prompt…

November 14, 2023
Natural Gas Futures, Cash Prices Fall Again As Warm Weather Douses Demand; SoCal Citygate Swings

Natural Gas Futures, Cash Prices Fall Again As Warm Weather Douses Demand; SoCal Citygate Swings

Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. At A Glance: Prompt month sheds 12.4 cents Cash prices slide for…

November 7, 2023
December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564.  At A Glance: Front month sheds 25.1 cents day/day Production approaches 105 Bcf/d…

November 6, 2023
Natural Gas Futures Prices Fade Tuesday’s Jump as Cold Blast Set to Ease; Cash Prices Slide

Natural Gas Futures Prices Fade Tuesday’s Jump as Cold Blast Set to Ease; Cash Prices Slide

Natural gas futures faltered early Wednesday, reversing much of the 22-cent jump Tuesday before bouncing and settling lower to start November trade off on wobbly footing. Weather forecasts shaved some demand expectations with the winter’s first decent cold shot across the Lower 48 set to ease by the weekend. At A Glance: Analysts see heavier…

November 1, 2023
MVP Setback Potentially Bullish for Transco Hubs This Winter; Natural Gas Forward Prices Slide

MVP Setback Potentially Bullish for Transco Hubs This Winter; Natural Gas Forward Prices Slide

Natural gas forwards, mirroring Nymex futures, trended lower during the Oct. 11-18 trading period, though once again price action at hubs in the West diverged from the rest of the Lower 48, according to NGI’s Forward Look data. Henry Hub fixed prices for November delivery fell 32.1 cents to $3.059/MMBtu, and front month discounts of…

October 20, 2023
Natural Gas Futures Gain More Momentum as Forecasts Evolve, Cash Prices Rally

Natural Gas Futures Gain More Momentum as Forecasts Evolve, Cash Prices Rally

Natural gas futures rallied a second straight day, bolstered by cooler trends for the densely populated Northeast, spot market momentum and moderated production. At A Glance: Modest injection expected Mixed weather forecasts Production remains lower Coming off a 10.9 cent-gain the prior session, the November Nymex gas futures contract rose another 1.3 cents on Wednesday…

October 4, 2023
October Natural Gas Futures Price Rally Extends into Expiration, Marking Four Straight Gains

October Natural Gas Futures Price Rally Extends into Expiration, Marking Four Straight Gains

October natural gas futures traded higher for a fourth consecutive day before rolling off the books as the prompt month. Maintenance-imposed production interruptions and stronger LNG volumes offset waning weather-driven demand to support prices. At A Glance: Front month advances 10.8 cents Production proves choppy again High 80s Bcf injection estimated The October Nymex gas…

September 27, 2023
Natural Gas Futures Falter Again, Dragged Lower by Looming Cooldown; Cash Prices Creep Up

Natural Gas Futures Falter Again, Dragged Lower by Looming Cooldown; Cash Prices Creep Up

Natural gas futures on Wednesday picked up where they left off the prior session – mired in the red as traders braced for autumn weather and lighter demand. At A Glance: Prompt month sheds 7.2 cents Northeast production slips Market sees 40s Bcf injection Following an 18.3-cent drop a day earlier, the October Nymex gas…

September 6, 2023
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