Winter

Nymex Natural Gas Futures Expire Sharply as Lower Mild Weather Trumps Supply Cuts

Nymex Natural Gas Futures Expire Sharply as Lower Mild Weather Trumps Supply Cuts

Natural gas futures plummeted on Wednesday as weather models indicated that the warmer pattern that emerged following Winter Storm Elliott may stick around a bit longer than earlier projected. Though supply remains suppressed because of freeze-offs, the January Nymex gas futures contract rolled off the board 57.3 cents lower day/day at $4.709/MMBtu. The February contract,…

December 28, 2022
Natural Gas Futures Snap Losing Streak – Barely – Advance on Freeze-Off Threats, Soaring Spot Prices

Natural Gas Futures Snap Losing Streak – Barely – Advance on Freeze-Off Threats, Soaring Spot Prices

Natural gas futures eked out a gain Wednesday amid worries that a fierce and widespread winter freeze could force production interruptions, ending a three-day run of steep losses. The January Nymex gas futures contract settled at $5.332/MMBtu, up six-tenths of a cent day/day. February rose 2.2 cents to $5.238. At A Glance: Prompt month gains…

December 21, 2022
Winter Storm, Sub-Zero Temperatures Hammer North Dakota Oil, Natural Gas Production

Winter Storm, Sub-Zero Temperatures Hammer North Dakota Oil, Natural Gas Production

A winter storm last week shut in an estimated 300,000-400,000 b/d of oil production in North Dakota, and producers now must contend with bone-chilling temperatures as they attempt to restart operations, according to the state’s Department of Mineral Resources (DMR). “If you’ve been dreaming of a white Christmas, you’ve come to the right place,” DMR’s…

December 21, 2022
Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders

Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders

Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped…

December 12, 2022
Natural Gas Futures in Freefall as Wintry Weather Not Likely to Return Before Late December

Natural Gas Futures in Freefall as Wintry Weather Not Likely to Return Before Late December

Natural gas futures crumbled further on Monday as weather models continued to warm, perhaps even a bit too much. With production above 100 Bcf/d and Freeport LNG still offline, the January Nymex gas futures contract settled at $5.577/MMBtu, down a jaw-dropping 70.4 cents from Friday’s close. February futures slid 68.5 cents to $5.484. At A…

December 5, 2022
PJM Says Ready for Winter Energy Demand on Strengthened ‘Preparations and Processes’

PJM Says Ready for Winter Energy Demand on Strengthened ‘Preparations and Processes’

PJM Interconnection LLC, which serves 65 million across the Mid-Atlantic, said it is armed to combat winter, with adequate fuel and energy supplies to meet a forecast peak demand of about 137 GW. The regional transmission operator serves customers in Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West…

December 5, 2022
How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow

How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into how Europe is working to fill the gap in natural gas supply ahead of winter. NGI’s Associate Editor Jacob Dick and Senior Energy Analyst Shaylon Stolk discuss how the post-Brexit European Union is building international alliances to meet its…

December 5, 2022
Snowstorm Drives Big Gains for Natural Gas Forwards, while Market Looks Ahead to Freeport’s Return

Snowstorm Drives Big Gains for Natural Gas Forwards, while Market Looks Ahead to Freeport’s Return

Natural gas forward prices continued to strengthen during the Nov. 9-16 period amid a continuation of colder-than-normal temperatures ahead of the core of winter, according to NGI’s Forward Look. Gains (again) were most pronounced in New England, where rising heating demand and pipeline constraints combined to drive hefty premiums compared to the rest of the…

November 18, 2022
Natural Gas Futures Extend Win Streak as Freezing Weather Overshadows Bearish Risks, Supports Prices

Natural Gas Futures Extend Win Streak as Freezing Weather Overshadows Bearish Risks, Supports Prices

Natural gas futures edged higher again on Wednesday, extending a rally to three days, as traders ultimately paid more attention to robust heating demand than the protracted shutdown of a key export facility and the likelihood of a relatively robust storage injection. At A Glance: Cold weather remains at forefront Analysts expect large storage build…

November 16, 2022
As ‘Perilous’ Winter Looms, Biden Urged to Support New England Natural Gas Infrastructure

As ‘Perilous’ Winter Looms, Biden Urged to Support New England Natural Gas Infrastructure

Natural gas transporters are urging the Biden administration to pursue a long-term solution to New England’s energy security issues ahead of a potentially “perilous” winter season. In a letter to the White House on Monday, Interstate Natural Gas Association of America (INGAA) CEO Amy Andryszak called on the president to address “the root cause of…

November 8, 2022
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