storage

Natural Gas Forwards Rally as Chesapeake Cuts Provide Uplift for 2024 Strip

Natural Gas Forwards Rally as Chesapeake Cuts Provide Uplift for 2024 Strip

A wave of bullish optimism, tied to the production cuts announced recently by Chesapeake Energy Corp., also lifted regional natural gas forwards higher during the Feb. 15-21 trading period, NGI’s Forward Look data show. For numerous Lower 48 trading locations, the most pronounced week/week fixed price gains occurred further along the strip during the 2024…

February 23, 2024
Natural Gas Futures Finally Find Fresh Footing, Post Modest Advance; Cash Prices Mixed

Natural Gas Futures Finally Find Fresh Footing, Post Modest Advance; Cash Prices Mixed

For the first time in nine sessions, natural gas futures on Friday forged ahead as discount buying finally overtook the mild weather forecasts and elevated supplies that had sapped the will of price bulls most of this month. At A Glance: Prompt month gains 2.8 cents  Bargain buying saves the day Fundamentals ‘indelibly weak’ The…

February 16, 2024
Modest Gains for Natural Gas Futures Ahead of President’s Day Weekend — Midday Market Snapshot

Modest Gains for Natural Gas Futures Ahead of President’s Day Weekend — Midday Market Snapshot

Natural gas futures essentially treading water as bearish week of trading draws to close After starting week around $1.800/MMBtu, March Nymex contract trading at $1.610 as of 2:25 p.m. ET, up 2.9 cents Gelber & Associates analysts see “relatively little volatility and market participation” ahead of President’s Day weekend, as “traders have likely squared away…

February 16, 2024
Cydsa Sees Opportunity for Mexican Mont Belvieu 

Cydsa Sees Opportunity for Mexican Mont Belvieu 

A glaring weak spot in the Mexico natural gas industry is the country’s lack of storage capacity. The issue is repeatedly discussed and considered a risk to national energy security, as Mexico has less than two days’ worth of storage capacity and is vulnerable to unforeseen weather or geopolitical events.  According to Raul Puente, the…

February 9, 2024
Natural Gas Futures Fall as February Contract Rolls Off; Cash Mixed as South Cools Down

Natural Gas Futures Fall as February Contract Rolls Off; Cash Mixed as South Cools Down

Natural gas futures sank Monday as warmer forecasts and rebounding production volumes weighed on outlooks, with the February contract volatile on its last trading day. At A Glance: NGI models 190 Bcf draw  Southeast bucks warm trend Production recovery continues The February Nymex gas futures contract dropped 22.2 cents day/day to settle at $2.490/MMBtu. The…

January 29, 2024
Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating tensions in the Middle East and uncertainty over U.S. LNG exports combined Monday to push European natural gas prices higher. Despite weak fundamentals, “geopolitics remain in focus” for the global energy market, said Schneider Electric analyst Robbie Fraser. Three U.S. servicemen were killed in a drone strike in Jordan over the weekend that was…

January 29, 2024
How Did the U.S. Natural Gas Market Fare During the January Freeze? Listen Now to NGI’s Hub & Flow

How Did the U.S. Natural Gas Market Fare During the January Freeze? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI’s team of senior markets reporters discuss January’s wintry weather and the toll it took on the U.S. natural gas market. NGI Price & Markets Editor Leticia Gonzales is joined by Senior Markets editors Kevin Dobbs, Chris Newman and Jodi…

January 29, 2024
Weekly Natural Gas Spot Prices Slide as ‘Warmest Patterns of the Past 50 Years’ Hits Demand

Weekly Natural Gas Spot Prices Slide as ‘Warmest Patterns of the Past 50 Years’ Hits Demand

Weekly natural gas cash prices fell for a second week as milder winter weather deflated demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 22-26 period tumbled $2.165 to $2.380/MMBtu with declines in all regions. The Northeast led the way down. Iroquois Zone 2 collapsed $13.480 to average…

January 26, 2024
Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February

Natural Gas Futures, Cash Prices Crumble as Forecasts Agree on Warm-Up into Early February

Natural gas futures and cash prices tumbled Monday as forecasts doubled down on warmer weather into February, drowning out bullish vibes for an expected near-record storage draw print later this week. At A Glance: Forecasts point to warmer week  Production reaches 101 Bcf/d NGI models 320 Bcf withdrawal The February Nymex gas futures contract fell…

January 22, 2024
Natural Gas Futures Reverse Declines as Weather Models Queue Up Cold Shots; Cash Slides

Natural Gas Futures Reverse Declines as Weather Models Queue Up Cold Shots; Cash Slides

February natural gas futures rebounded from early weakness Monday to settle shy of $3.000/MMBtu as weather models firmed up expectations for more heating demand from this week’s two winter storms and colder weather into next week. The February Nymex natural gas futures contract rose 8.7 cents day/day to settle at $2.980, after trading across a…

January 8, 2024
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