SoCal Citygate

Natural Gas Futures, Spot Prices Extend Slide As ‘Demand Killer’ Weather Pattern Looms

Natural Gas Futures, Spot Prices Extend Slide As ‘Demand Killer’ Weather Pattern Looms

Natural gas futures stumbled for a second session Wednesday as an unusually mild late-January weather forecast took center stage, shifting attention away from ongoing supply disruptions and demand spikes from Arctic cold blasts sweeping across the country. At A Glance: Bullish storage print expected  Next week’s forecasts stay warm Freeze-offs keep supply tight Coming off…

January 17, 2024
January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…

December 26, 2023
Natural Gas Futures Fail to Sustain Modest Momentum Amid Supply/Demand Imbalance; Cash Prices Climb

Natural Gas Futures Fail to Sustain Modest Momentum Amid Supply/Demand Imbalance; Cash Prices Climb

Natural gas futures advanced early on Wednesday but flipped negative and descended more as the session wore on, with benign weather demand, robust production and elevated supplies in storage overshadowing export strength. At A Glance: Modest withdrawal expected Production remains elevated LNG activity near record mark Coming off a 1.1-cent loss the prior day, the…

December 20, 2023
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