winter demand

March Nymex natural gas futures sank another 8.0 cents as the market searched for a low that would coax producers to trim output amid dashed hopes for enough cold weather to tighten supplies ahead of the shoulder season. At A Glance: March futures crumble 8.0 cents No demand support from weather Producer signals strong output…

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

If history repeats itself, the natural gas price recovery that took place after a 2019-2020 downturn could offer some insight into what may drive a recovery from a similar price routing in the 2023-2024 period, an NGI analysis shows. The years 2019 and 2020 saw a yearlong stretch in which prices sank below $3.500/MMBtu all…

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frigid air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…

January Nymex natural gas futures’ four-day winning streak ended Tuesday in losses driven by revised weather outlooks that erased some cooler, supportive weather from forecasts. At A Glance: January futures slip 1.1 cents Weather forecasts more bearish Spot gas prices slump The front-month contract settled at $2.492/MMBtu, off 1.1 cents day/day. February futures closed at…

January Nymex natural gas futures staged a modest recovery Wednesday, but attempts at more considerable gains were thwarted by overall mild weather trends that pointed to comparatively small storage withdrawals as production stayed robust. At A Glance: January futures stage modest recovery Slight cooldown provides some support Fundamentals remain mostly bearish The January contract settled…

Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI Senior Markets Editor Kevin Dobbs interviews veteran natural gas trader Thomas Saal, senior vice president of energy at StoneX Financial. Saal digs into supplies in storage, record production, the impact of speculators, moderate winter weather-driven demand so far and…

Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. At A Glance: Prompt month sheds 12.4 cents Cash prices slide for…