spot prices

Natural Gas Futures Slump for First Time in 2024 Amid Warmer Mid-Range Forecasts; Cash Prices Climb

Natural Gas Futures Slump for First Time in 2024 Amid Warmer Mid-Range Forecasts; Cash Prices Climb

Natural gas futures on Wednesday floundered for the first time this year, with speculators hesitant to hold positions and bears seizing upon forecasts for a late January warm-up. Following gains every regular session of 2024 through Tuesday, when prices jumped 21.0 cents, the February Nymex gas futures contract on Wednesday shed 15.1 cents day/day and…

January 10, 2024
In War’s Wake, November Natural Gas Futures Prices Advance Sixth Consecutive Session

In War’s Wake, November Natural Gas Futures Prices Advance Sixth Consecutive Session

November natural gas futures forged ahead to new autumn highs on Tuesday, climbing for a sixth straight session amid choppy domestic production and fresh global supply worries ignited by the eruption of war in the Middle East. Following a 3.8-cent gain the prior session – and a 14% advance last week – the November Nymex…

October 10, 2023
Natural Gas Futures Choppy as Expiry Looms; Spot Prices Flat

Natural Gas Futures Choppy as Expiry Looms; Spot Prices Flat

Natural gas futures floundered most of Tuesday, but for a third straight session, the October contract approached the end of a tepid run at the front of the curve with a small gain. Lighter production offset fading demand and export uncertainty. Following tiny gains in the two prior sessions – and losses overall last week…

September 26, 2023
Spot Rates for LNG Carriers See Early Rise as Natural Gas Buyers Vie for Winter Deliveries

Spot Rates for LNG Carriers See Early Rise as Natural Gas Buyers Vie for Winter Deliveries

Spot rates for LNG vessel charters are rising sooner than last year as natural gas buyers and sellers hone in on the winter supply scenario and global risks that still abound. Spot vessel rates for liquefied natural gas deliveries east of the Suez canal reached about $100,000/day Friday for the first time since January and…

August 22, 2023
Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb

Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb

Natural gas futures struggled to find direction Monday, teetering between modest gains and losses as traders weighed robust near-term cooling demand against strong production and stout supplies in storage. At A Glance: Weather outlook loses some heat Production rebounds to 101 Bcf/d NGI sees smaller storage injection The August Nymex gas futures contract ultimately settled…

July 24, 2023
Natural Gas Futures Rebound Amid Blistering Heat, Sliding Production; Spot Prices Level Off

Natural Gas Futures Rebound Amid Blistering Heat, Sliding Production; Spot Prices Level Off

Natural gas futures flourished for the first time in five sessions on Tuesday, mounting momentum alongside lofty temperatures and hints of lighter production. Coming off a four-day slump, the August Nymex gas futures contract settled at $2.629/MMBtu, up 11.7 cents day/day. September advanced 11.4 cents to $2.618. NGI’s Spot Gas National Avg. shed 3.0 cents…

July 18, 2023
European Natural Gas Prices Fall as Supply Outages Ease – LNG Recap

European Natural Gas Prices Fall as Supply Outages Ease – LNG Recap

European natural gas prices fell again on Monday, picking up where they left off last week as the market is for now well supplied and storage inventories are on track to fill ahead of winter. The prompt Title Transfer Facility (TTF) fell by 10% Monday and settled below $10/MMBtu. The contract has lost steam after…

July 10, 2023
Lack of Cooling Demand Drives Steep Decline for Natural Gas Futures

Lack of Cooling Demand Drives Steep Decline for Natural Gas Futures

Natural gas futures extended their losses on Monday, with prices tumbling by double digits amid light weather demand and lofty production that has held near the century mark despite maintenance events that have curtailed output. The June Nymex gas futures contract settled 18.5 cents lower at $2.400/MMBtu. July futures dropped 15.6 cents to $2.551. At…

May 22, 2023
Floating LNG Inventories Growing as Demand Softens – LNG Recap

Floating LNG Inventories Growing as Demand Softens – LNG Recap

Global natural gas demand remained weak as floating inventories built at sea and prices in Europe and Asia continued falling as the week got underway.  The May Title Transfer Facility (TTF) shed a penny on Monday, while spot LNG prices in Asia dropped below $12/MMBtu to their lowest point in nearly two years.  In Europe,…

April 17, 2023
Natural Gas Futures Prices Bounce Higher on Cooler Late April Forecast, Short-Covering

Natural Gas Futures Prices Bounce Higher on Cooler Late April Forecast, Short-Covering

Still on a sugar high from too many Cadbury eggs over the Easter holiday weekend, natural gas futures prices soared as weather data showed cool weather returning to the Lower 48 in about a week’s time. With some short-covering likely aiding the rally, the May Nymex natural gas contract settled Monday’s regular session at $2.172/MMBtu,…

April 10, 2023
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