spot prices

July Natural Gas Futures Lose Luster Against Technical Resistance; Cash Prices Fall

July Natural Gas Futures Lose Luster Against Technical Resistance; Cash Prices Fall

After a five-day rally fueled by blistering heat and surging cash prices, natural gas futures faded on Tuesday as export volumes retreated, technical resistance loomed and traders took profits. The July Nymex contract dipped 11.2 cents day/day and settled at $3.240/MMBtu. August slid 11.1 cents to $3.256. NGI’s Spot Gas National Avg. shed 13.5 cents…

June 15, 2021
Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global liquefied natural gas (LNG) buyers, hammered by high spot prices in Asia, are increasingly looking to short-term “bridge” contracts to ensure ample supply until demand is expected to cool down later this decade, according to an analysis by Wood Mackenzie. Asian spot prices are hovering around $12/MMBtu for June and July delivery as demand…

June 15, 2021
June Natural Gas Futures Recover as Summer Approaches, Demand Anticipation Builds

June Natural Gas Futures Recover as Summer Approaches, Demand Anticipation Builds

Despite the absence of new near-term catalysts, natural gas futures bounced back on Tuesday as traders sharpened their focus on the looming summer cooling season and ongoing expectations for U.S. export demand to prove strong through 2021. The June Nymex contract, which rolls off the boards at the close Wednesday, gained 2.7 cents day/day and…

May 25, 2021
NGI’s Hub & Flow Examines Supply/Demand Factors Driving Expected Natural Gas Price Volatility This Summer — Listen Now

NGI’s Hub & Flow Examines Supply/Demand Factors Driving Expected Natural Gas Price Volatility This Summer — Listen Now

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI Price & Markets Editor Leticia Gonzales discusses the key drivers influencing the natural gas market this summer. From liquefied natural gas shipped overseas to gas flowing via pipeline to Mexico, exports are expected to be a huge slice…

May 25, 2021
June Natural Gas Futures, Cash Prices Tumble for Second Straight Day

June Natural Gas Futures, Cash Prices Tumble for Second Straight Day

Production flat, but weather demand softens Maintenance work keeps LNG levels in check Cash prices decline amid rains and cooler temperatures Natural gas futures fell for a second straight session on Wednesday as traders contemplated weather-driven demand uncertainty, a lull in U.S. exports and estimates for the next government inventory report. The June Nymex contract…

May 19, 2021
June Natural Gas Futures Fizzle After Biggest Advance as Prompt Month; Cash Prices Fall

June Natural Gas Futures Fizzle After Biggest Advance as Prompt Month; Cash Prices Fall

Forecasts for heat held, but Monday’s rally was overcooked With summer near, futures are on the cusp of sustained higher prices Cash prices lost momentum, led lower by declines in Texas Natural gas futures on Tuesday gave back a big chunk of the gains made in a weather-driven surge a day earlier. Analysts said forecasts…

May 18, 2021
June Natural Gas Futures Reverse Course, Climb with Exports Steady, Cyberattack Resolution in View

June Natural Gas Futures Reverse Course, Climb with Exports Steady, Cyberattack Resolution in View

Natural gas futures on Tuesday bounced back from the prior session’s losses, as export demand and other key fundamentals held strong, while a critical oil pipeline signaled it could restore operations this week following a ransomware attack. The June Nymex contract advanced 2.3 cents day/day and settled at $2.955/MMBtu. July gained 2.1 cents to $2.999.…

May 11, 2021
June Natural Gas Futures, Cash Prices Lose Momentum Ahead of Storage Report

June Natural Gas Futures, Cash Prices Lose Momentum Ahead of Storage Report

Natural gas futures faltered on Wednesday, ending a three-day rally ahead of expectations for a more substantial build in underground inventories with this week’s government storage report. The June Nymex contract fell 2.9 cents day/day and settled at $2.938/MMBtu. July shed 3.0 to $2.982. NGI’s Spot Gas National Avg. lost ground for the first time…

May 5, 2021
June Natural Gas Futures Tread Water Before $3.00 Threshold; Cash Prices Climb

June Natural Gas Futures Tread Water Before $3.00 Threshold; Cash Prices Climb

June natural gas futures on Tuesday barely extended a win streak to three days as traders took profits and volume proved light while the prompt month tested technical resistance at the $3.00 level. Futures advanced over the course of April and early this month as supply/demand balances tightened. On Tuesday, the June Nymex contract eked…

May 4, 2021
Huge Production Drop Propels Natural Gas Futures Higher for Second Day

Huge Production Drop Propels Natural Gas Futures Higher for Second Day

A massive day/day decline in U.S. production drove more gains for natural gas futures despite a modest pullback in exports and continued outlooks for moderate early May temperatures. The May Nymex futures contract settled at $2.873, up 8.3 cents day/day. June rose 6.8 cents to $2.942. Spot gas prices also bounced Tuesday ahead of a…

April 27, 2021
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