weather

March Natural Gas Futures Rally as Production Dips, Expiry Looms; Spot Prices Slip

March Natural Gas Futures Rally as Production Dips, Expiry Looms; Spot Prices Slip

Natural gas futures rebounded on Monday, bolstered by lower production readings and trader positioning ahead of the front-month contract’s expiration. At A Glance: NGI models 84 Bcf draw  Production at 103 Bcf/d Weather demand evades Coming off back-to-back losses to close out the prior week, the March Nymex gas futures contract settled at $1.659/MMBtu, up…

February 26, 2024
Natural Gas Futures Flat, Stifled By Evolving Weather Patterns; Cash Up with Storms

Natural Gas Futures Flat, Stifled By Evolving Weather Patterns; Cash Up with Storms

March Nymex natural gas futures ended nearly unchanged on the plus side in the week’s opening session as the market locked onto near-term weather forecasts for mild conditions ahead of an expected blast of mid-February cold. At A Glance: Futures near unchanged Supply concerns persist Spot gas gains The front-month contract settled at $2.082/MMBtu, less…

February 5, 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 Forward Prices Pull Back on Late January Warmth

Natural Gas Forward Prices Pull Back on Late January Warmth

Natural gas forwards retreated during the Jan. 11-17 trading period as impacts to both supply and demand from recent Arctic weather began to subside and as a much milder late January pattern came into sharper focus. After surging in the week-earlier period, fixed prices from coast-to-coast fell back down, NGI’s Forward Look data show. Despite…

January 19, 2024
Natural Gas Production Plunges Amid Arctic Blast, Spurring Spot Price Surge

Natural Gas Production Plunges Amid Arctic Blast, Spurring Spot Price Surge

Extreme cold that permeated much of the Lower 48 throughout the long Martin Luther King Jr. Day holiday weekend and into the current trading week at once sent natural gas demand soaring and froze wells, causing steep cuts to production that carried into Tuesday. Temperatures over parts of the Mountain West, Plains and Midwest plunged…

January 16, 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
Natural Gas Futures Finish Monday Slightly Higher as Sharper Gains Relinquished

Natural Gas Futures Finish Monday Slightly Higher as Sharper Gains Relinquished

January Nymex natural gas futures extended a relief rally into the fourth trading day Monday as hints of colder January weather provided some support, but weather and fundamental outlooks suggested the upside movement would be short lived. At A Glance: Futures reverse early larger gains Supply outweighs brief weather support Cooldown helps cash mostly higher…

December 18, 2023
Coastal Winter Natural Gas Basis Premiums Shrink as Weather Disappoints Bulls

Coastal Winter Natural Gas Basis Premiums Shrink as Weather Disappoints Bulls

The combination of unseasonably light weather-driven demand and record-level production continued to deal one bearish blow after another to regional natural gas prices during the Dec. 7-13 trading period, data from NGI’s Forward Look show. Traders locked in fixed price discounts from coast-to-coast for the period, with Henry Hub down to $2.342/MMBtu for January delivery,…

December 15, 2023
January Natural Gas Crashes as Winter Weather Lacks Staying Power; Cash Prices Mostly Up

January Natural Gas Crashes as Winter Weather Lacks Staying Power; Cash Prices Mostly Up

Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand. At A Glance: Front month sinks 15.0 cents Mild weather persists California spot prices rise The January Nymex natural gas contract settled 15.0 cents lower at $2.431/MMBtu. The front-month reversed earlier losses to a $2.294 intraday low. February…

December 11, 2023
January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal

January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal

Updated weather forecasts pointed to ongoing mild conditions that would generate a lack of heating demand through the first half of December. The outlook drove January natural gas futures another leg lower, even as the market eyes what could be the first triple-digit withdrawal from inventories of the season in data due out Thursday. At…

December 4, 2023
‹ Previous 1 2 3 80