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Oversold Natural Gas Futures Eke Out Small Price Gain, but Cash Continues to Retreat

Oversold Natural Gas Futures Eke Out Small Price Gain, but Cash Continues to Retreat

Coming off a week in which natural gas futures tumbled nearly 30 cents at the front of the curve, the Nymex March contract appears to be trying to find a bottom. The prompt month traded mostly range bound throughout Monday’s session before ultimately settling 4.7 cents higher at $2.457/MMBtu. At A Glance: Production recovering Weather…

February 6, 2023
North American Natural Gas Price Outlook – Listen Now to NGI’s Hub & Flow

North American Natural Gas Price Outlook – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI senior editors Andrew Baker and Kevin Dobbs discuss the outlook for North American natural gas prices in 2023. They address factors including a mild weather start to the year, robust U.S. production, the Freeport LNG outage and the potential for future…

February 6, 2023
Freezing Forecasts and Freeport Momentum Send Natural Gas Futures, Spot Prices Sailing

Freezing Forecasts and Freeport Momentum Send Natural Gas Futures, Spot Prices Sailing

Natural gas futures forged ahead Monday, rebounding from a 7% drop the previous week, as forecasts for colder air late this month and early next galvanized bulls. News Monday that a key export facility was another step closer to reopening after a fire last year added to the momentum. At A Glance: Prompt month gains…

January 23, 2023
Mild Weather Keeps a Lid on Natural Gas Forwards, with Largest Declines on West Coast

Mild Weather Keeps a Lid on Natural Gas Forwards, with Largest Declines on West Coast

With mild weather continuing unabated across large swaths of the United States during the Jan. 12-17 period, natural gas forward prices tumbled, according to NGI’s Forward Look. The largest price declines were seen on the West Coast, where a much needed break from the torrential downpours was set to occur. AccuWeather said the pause in…

January 20, 2023
Crestwood Says Harsh Winter Weather, Shut-ins to Impact 4Q Earnings 

Crestwood Says Harsh Winter Weather, Shut-ins to Impact 4Q Earnings 

Crestwood Equity Partners LP is expecting a one-off hit to its fourth quarter earnings because of extreme weather that caused well freeze-offs and production shut-ins across multiple Lower 48 basins, management said Wednesday. The harsh winter weather “adversely impacted volumes and well-connect activity across Crestwood’s gathering and processing assets during the quarter,” the Houston-based midstream…

January 13, 2023
Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…

November 28, 2022
Natural Gas Futures Extend Rally as Wintry Weather Nears; Spot Prices Surge

Natural Gas Futures Extend Rally as Wintry Weather Nears; Spot Prices Surge

Natural gas futures flew higher on Monday, bolstered by forecasts for substantially colder weather and stronger heating demand. The December Nymex contract gained 54.4 cents day/day to settle at $6.944/MMBtu, adding to a 42.5 cent rally in Friday’s session. January climbed 49.0 cents to $7.244. At A Glance: Forecasts add ‘hefty’ dose of demand Potential…

November 7, 2022
Natural Gas Futures Tumble Below Key $6.50 Threshold on Improving Winter Supply Outlook

Natural Gas Futures Tumble Below Key $6.50 Threshold on Improving Winter Supply Outlook

Could a change in natural gas trading behavior be amiss? Bears on Monday managed to take out a key psychological level of support amid robust supply and a steadily improving storage picture. The November Nymex gas futures contract settled at $6.435/MMBtu, off 31.3 cents from Friday’s close. December futures slid 26.3 cents to $6.784. At…

October 10, 2022
WeatherBELL’s Bastardi Sees Active End to Hurricane Season, Cold December

WeatherBELL’s Bastardi Sees Active End to Hurricane Season, Cold December

Although current climate patterns portend a rather mild winter overall this year, historical comparisons indicate that December could be quite cold, according to WeatherBELL Analytics LLC meteorologist Joe Bastardi. Speaking at the LDC Gas Forums Mid-Continent show in Chicago last week, Bastardi said October weather often is a key indicator of how cold it may…

September 19, 2022
September Natural Gas Expires Higher on Lingering Heat, Tight Balances; Cash Recovers

September Natural Gas Expires Higher on Lingering Heat, Tight Balances; Cash Recovers

After an early dip into the red, natural gas futures swung higher Monday as weather models continued to show bursts of heat over the next couple of weeks. Volatility remained front and center, however, with big gains nearly erased by the close of the session. As the dust settled, the September Nymex gas futures contract…

August 29, 2022
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