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Natural Gas Futures Flop Despite Looming Cold Fronts, Elevated Exports; Cash Cruises Higher

Natural Gas Futures Flop Despite Looming Cold Fronts, Elevated Exports; Cash Cruises Higher

Natural gas futures dived lower Wednesday even as demand for U.S. exports held strong, forecasts called for the harshest freeze of the winter and analysts expected a hefty storage withdrawal. The February Nymex gas futures contract lost 25.2 cents day/day and settled at $4.031/MMBtu. March fell 20.3 cents to $3.845. At A Glance: Forecasts for…

January 19, 2022
Natural Gas Forwards Fly High on January Cold, But Volatile Futures Flounder

Natural Gas Forwards Fly High on January Cold, But Volatile Futures Flounder

With the heart of the winter heating season poised to deliver impressive chills for key portions of the Lower 48, natural gas forward prices surged higher during the Jan. 5-12 trading period, though a sharp sell-off for Nymex futures Thursday suggested recent gains may have been overdone. Fixed price Henry Hub contracts for February delivery…

January 14, 2022
Natural Gas Futures Soar, Approach $5 Threshold as Depths of Winter Loom

Natural Gas Futures Soar, Approach $5 Threshold as Depths of Winter Loom

Natural gas futures surged on Wednesday, extending the first lengthy rally of 2022 to four straight days as forecasts for bitter cold temperatures and lofty heating demand intensified. The February Nymex gas futures contract soared 60.8 cents day/day and settled at $4.857. March jumped 35.9 cents to $4.327. At A Glance: ‘Strongest demand’ of winter…

January 12, 2022
For First Time in New Year, February Natural Gas Futures Eclipse $4

For First Time in New Year, February Natural Gas Futures Eclipse $4

Natural gas futures on Monday closed above $4.00 for the first time this year as European calls for U.S. exports remain robust and forecasts point to continued strong domestic weather-driven demand. The February Nymex gas futures contract settled at $4.079/MMBtu, up 16.3 cents day/day. March rose 10.8 cents to $3.834. NGI’s Spot Gas National Avg.…

January 10, 2022
Natural Gas Forwards Explode on Near-Term Cold, but Outlook Casts Doubt on Sustainability

Natural Gas Forwards Explode on Near-Term Cold, but Outlook Casts Doubt on Sustainability

Plunging temperatures, soaring demand and falling production resulted in stout price gains across U.S. natural gas forward curves for the Dec. 31-Jan 5 period, NGI’s Forward Look data showed. Dollar-plus price increases spread across Appalachia and the Northeast as output struggled to recover amid ongoing cold in the region. The reduction in supply – a…

January 7, 2022
February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold

February Natural Gas Futures, Spot Prices Jump Amid Heaping Doses of Bitter Cold

Strength in cash prices and expectations for ongoing blasts of frigid air over swaths of the Lower 48 sent natural gas futures higher on Wednesday. The February Nymex contract settled at $3.882/MMBtu, up 16.5 cents day/day. March gained 12.8 cents to $3.710. At A Glance: Cash prices cruise higher in the Midwest, Northeast  Forecasters call…

January 5, 2022
Natural Gas Futures Open 2022 Higher as LNG Strength Outshines Mixed Weather Outlook

Natural Gas Futures Open 2022 Higher as LNG Strength Outshines Mixed Weather Outlook

Natural gas prices hovered in a narrow range of modest gains and losses early Monday before creeping upward and ultimately finishing comfortably in positive territory, as traders assessed a bearish tilt in the weather outlook against strong demand prospects for U.S. liquefied natural gas (LNG) exports. The February Nymex gas futures contract settled at $3.815,…

January 3, 2022
Blowtorch Temperatures Drain Spot, Futures Natural Gas Prices in Final Week of 2021

Blowtorch Temperatures Drain Spot, Futures Natural Gas Prices in Final Week of 2021

The continuation of record warmth sent spot gas prices tumbling for the trading period from Dec. 27 to 29, which covered gas deliveries through the end of the year. Despite some gains on the West Coast amid a series of winter storms, NGI’s Weekly Spot Gas National Avg. dropped an impressive 64.5 cents to $3.985/MMBtu.…

December 30, 2021
Natural Gas Futures Within Striking Distance of $4 on Early January Cold; Western Cash Up Sharply

Natural Gas Futures Within Striking Distance of $4 on Early January Cold; Western Cash Up Sharply

After some intraday volatility amid thin pre-holiday trading, natural gas futures shot higher midweek on the increasing likelihood that frigid air would finally descend into vast stretches of the United States. The January Nymex gas futures contract soared 10.7 cents to settle at $3.976 on Wednesday. The prompt month has gained 28.6 cents over the…

December 22, 2021
Export Demand Fuels January Natural Gas Futures Rally

Export Demand Fuels January Natural Gas Futures Rally

Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…

December 20, 2021
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