weather

April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…

Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI Senior Markets Editor Kevin Dobbs interviews Paragon Global Markets LLC’s Steve Blair, managing director of institutional energy sales. Blair addresses the state of production and supplies in storage, domestic weather and LNG demand, and sets the stage for the…

The winter of 2023-2024 is likely to go down as the warmest on record for the United States. That goes a long way toward explaining why natural gas demand and prices deflated over the course of the heating season. Ahead of an official call later this month by the National Oceanic and Atmospheric Administration (NOAA),…

Natural gas futures fell on Monday for a fourth session as the possibility of an early season storage build later this week outweighed cooler weather trends into late March. At A Glance: NGI models 3 Bcf withdrawal  Nymex falls for fourth day Texas cash trades negative again The April Nymex contract settled at $1.759/MMBtu, down…

Natural gas futures retreating through midday trading as expanding storage surplus outweighing cooler temperatures into late March April Nymex contract off 3.6 cents to $1.769/MMBtu as of 2:10 p.m. ET; May down 5.0 cents to $1.873 Lower 48 storage surplus versus five-year average poised to pass 600 Bcf; NGI modeling 3 Bcf withdrawal for week…

Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand. Waha Hub spot prices for next-day delivery tumbled 72.0 cents day/day to minus 54.5 cents. The last time Waha’s…

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…

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…

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…