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Mid-April Cold Snap Drives Gains for Natural Gas Futures; Western Cash Prices Rally

Mid-April Cold Snap Drives Gains for Natural Gas Futures; Western Cash Prices Rally

Natural gas futures managed to hold onto early gains midweek despite little change in fundamentals. The May Nymex gas futures contract traded in a nearly 10-cent band before settling Wednesday at $2.520, up 6.4 cents day/day. June picked up 6.1 cents to reach $2.597. Spot gas prices were mixed on Wednesday as the low price…

April 7, 2021
Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Natural gas futures took a dramatic fall after the Easter holiday weekend as weather forecasts shifted much warmer for the next couple of weeks. With April on pace to be warmer than normal, the May Nymex gas futures contract plunged 12.8 cents Monday to settle at $2.511/MMBtu. June fell 11.5 cents to $2.582. Spot gas…

April 5, 2021
European Demand Driving U.S. LNG Exports — LNG Recap

European Demand Driving U.S. LNG Exports — LNG Recap

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals have been near capacity, flowing at almost 12 Bcf each day over the last week. The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the…

April 5, 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
Weekly Natural Gas Prices Creep Lower Despite Snowstorm in Rockies

Weekly Natural Gas Prices Creep Lower Despite Snowstorm in Rockies

Weekly natural gas cash prices inched lower despite jumps in the Rocky Mountains region after a snowstorm to start the week. The early week boost was not enough to offset mild temperatures, light heating demand and flattish pricing across much of the Lower 48 as the week wore on. NGI’s Weekly Spot Gas National Avg.…

March 26, 2021
Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

Low European Natural Gas Stocks ‘Good News’ for U.S. LNG Exporters

European Union (EU) natural gas storage inventories are trending below the 5-year average, setting the stage for a potential boost for U.S. exporters in the coming weeks and months. “Low EU gas stocks are good news for U.S. LNG exporters, notably as U.S. LNG netbacks are relatively high for both Asia and Europe, which should…

March 17, 2021
Higher Natural Gas Prices Said Needed to Avoid Supply Shortage by Year-End

Higher Natural Gas Prices Said Needed to Avoid Supply Shortage by Year-End

Although the natural gas supply outlook has improved in recent weeks, analysts are steadfast in their convictions that higher prices are needed in the coming months to prevent a significant supply shortfall next winter. A Goldman Sachs Commodities Research team, led by Samantha Dart, said this week it is maintaining a $3.25/MMBtu price forecast for…

March 16, 2021
Momentum Remains Elusive for April Natural Gas Futures, Cash Prices

Momentum Remains Elusive for April Natural Gas Futures, Cash Prices

Natural gas futures on Monday dropped further amid a diminished demand outlook, extending steady losses recorded over the first half of March. The April Nymex contract settled at $2.484/MMBtu, down 11.6 cents day/day. The prompt month has now lost ground eight of the past nine trading sessions. The May contract has declined in tandem. It…

March 15, 2021
Absent Demand Drivers, April Natural Gas Futures Falter Fourth Consecutive Day; Cash Prices Fall

Absent Demand Drivers, April Natural Gas Futures Falter Fourth Consecutive Day; Cash Prices Fall

Natural gas futures on Monday tumbled for a fourth straight day amid mild weather, demand uncertainty and steady production. The April Nymex contract settled at $2.664/MMBtu, down 3.7 cents day/day. May fell 4.1 cents to $2.698. Weak near-term weather demand also weighed on cash prices. NGI’s Spot Gas National Avg. shed 25.5 cents to $2.500.…

March 8, 2021
Weekly Natural Gas Prices Advance on Bursts of Demand in the Northeast

Weekly Natural Gas Prices Advance on Bursts of Demand in the Northeast

Weekly natural gas cash prices advanced amid volatile but ultimately strong price action in the Northeast, where late winter bursts of cold galvanized heating demand and fueled a pair of surges in spot prices. NGI’s Weekly Spot Gas National Avg. for the March 1-5 period climbed 20.5 cents to $2.945. Comfortable conditions moved in early…

March 5, 2021