Storage Report

Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was forecast to sweep across large swaths of the Lower 48, likely providing a boost for demand and cash prices. The May Nymex contract settled at $2.561/MMBtu, up 3.5 cents day/day. June climbed 3.8 cents to $2.643.…

April 12, 2021
Natural Gas Futures Forge Ahead as April Contract Rolls Off Board; Cash Prices Climb

Natural Gas Futures Forge Ahead as April Contract Rolls Off Board; Cash Prices Climb

Natural gas futures gained ground Monday. April closed out its run as the prompt month amid forecasts for light domestic demand but robust export volumes. The April Nymex contract settled at $2.586/MMBtu, up 2.9 cents day/day. May, which becomes the prompt month on Tuesday, advanced 3.4 cents to $2.653. NGI’s Spot Gas National Avg. gained…

March 29, 2021
April Natural Gas Futures Extend Gains as LNG Holds Strong, Cash Prices Advance

April Natural Gas Futures Extend Gains as LNG Holds Strong, Cash Prices Advance

Natural gas futures on Monday advanced for a second consecutive session, boosted by continued robust liquefied natural gas (LNG) levels. The April Nymex contract settled at $2.582/MMBtu, up 4.7 cents day/day. May gained 5.3 cents to $2.619. NGI’s Spot Gas National Avg. rose 4.0 cents to $2.310, with prices up across the Rocky Mountains region…

March 22, 2021
Natural Gas Futures Take Back Seat to Cash as ‘Punishing’ Cold Drives Largest Increases ‘In Years’

Natural Gas Futures Take Back Seat to Cash as ‘Punishing’ Cold Drives Largest Increases ‘In Years’

Intraday natural gas price volatility was on full display midweek as traders assessed the impacts of a substantial, though likely temporary, decline in export demand and the potential for a more moderate end-of-February following some of the coldest weather in years. After tumbling to a $2.741/MMBtu intraday low, the March Nymex gas futures contract bounced…

February 10, 2021
Polar Plunge Fuels Dollar-Plus Gains for Northeast Weekly Natural Gas Prices

Polar Plunge Fuels Dollar-Plus Gains for Northeast Weekly Natural Gas Prices

Buoyed by expectations for the lowest temperatures of the winter season so far, natural gas spot prices rocketed sharply higher during the first week of February. The Northeast’s reputation for extreme volatility was on full display as prices soared beyond $15.000 in some locations. NGI Weekly Spot Gas National Avg. surged 47.5 cents to $3.570.…

February 5, 2021
Natural Gas Futures Whipsaw After EIA Storage Figure Points to Shrinking Surplus

Natural Gas Futures Whipsaw After EIA Storage Figure Points to Shrinking Surplus

Natural gas traders appeared to have a bit of sellers’ remorse on Thursday, quickly sending futures prices higher after an initial dip ahead of the latest government storage report.  After slipping to a $2.734/MMBtu intraday low, the March Nymex futures contract settled Thursday at $2.935, up 14.6 cents on the day. April jumped 11.7 cents…

February 4, 2021
Natural Gas Futures Prices Bounce After EIA Figure Shows Shrinking Storage Surplus

Natural Gas Futures Prices Bounce After EIA Figure Shows Shrinking Storage Surplus

The Energy Information Administration (EIA) reported an on-target 192 Bcf withdrawal from natural gas storage inventories for the week ending Jan. 29. However, the figure was enough to prompt a quick recovery in prices that had started to slip in the minutes leading up to the report. The March Nymex gas futures contract had been…

February 4, 2021
Weekly Natural Gas Prices Soar Amid Winter’s Worst Freeze

Weekly Natural Gas Prices Soar Amid Winter’s Worst Freeze

Weekly natural gas cash prices skyrocketed during a stretch of intense cold across much of the northern United States that spurred robust heating demand. NGI’s Weekly Spot Gas National Avg. for the Jan. 25-28 trading period spiked 48.5 cents to $3.095, lifted by a weeklong rally. The trading week consisted of four trading days for…

January 29, 2021
Natural Gas Storage Withdrawal Eclipses Expectations but Fails to Boost Futures

Natural Gas Storage Withdrawal Eclipses Expectations but Fails to Boost Futures

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 134 Bcf from natural gas storage for the week ended Jan. 8. The result exceeded both the year-earlier pull and the midpoint of analysts’ estimates, but it fell short of fueling Nymex natural gas futures. It was “a stronger draw than we estimated…reflecting…

January 14, 2021
New Year Off to Strong Start for Natural Gas Forwards Prices as Weather Outlook, LNG Demand Improve

New Year Off to Strong Start for Natural Gas Forwards Prices as Weather Outlook, LNG Demand Improve

A four-day winning streak spurred by chillier forecasts for the second half of January resulted in sharp increases in natural gas forward prices. Gains were particularly strong on the East Coast, nearing 60.0 cents at several pricing hubs during the shortened Dec. 30-Jan. 6 trading period, according to NGI’s Forward Look. Nymex futures mounted solid…

January 7, 2021
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