Mild winter temperatures across much of the central and eastern United States reduced heating demand and dropped domestic natural gas consumption to the lowest levels in years. Following a cold start to winter last December, benign weather prevailed over the first two months of this year. As a result, in January, U.S. natural gas consumption…
Winter
Articles from Winter
Continued Cold, Stout Storage Deficits Fuel Gains for Pacific Northwest Natural Gas Forward Prices
‘Tis the season for pipeline maintenance, with a host of planned events fueling gains for some natural gas markets, according to NGI’s Forward Look. May forward prices averaged 5.0 cents higher from March 30-April 5, while the balance of summer (May-October) went unchanged from the prior period. The winter strip (November-March) also barely moved at…
Downward Price Pressure Mounts Anew on Natural Gas Futures; Spot Market Advances
Natural gas futures fell Monday, kicking off the new month much in the way 2023 has gone so far – under pressure from strong production, modest weather-driven demand and stout storage supplies. At A Glance: Prompt month sheds 11.9 cents Production, supplies robust Weakening weather outlook The May Nymex gas futures contract settled at $2.097/MMBtu,…
Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap
Global natural gas prices continued falling Monday, picking up where they left off last week amid warmer weather, ample supplies and turmoil in the banking sector that has weighed on commodities. In Europe, the May Title Transfer Facility (TTF) contract fell 13% last week. It gave up another 8% on Monday and closed at its…
Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise
Natural gas futures found fresh footing Monday, posting double-digit gains as forecasts pointed to seasonally strong heating demand that more than offset losses late last week. The April Nymex gas futures contract settled at $2.606/MMBtu, up 17.6 cents day/day. It had shed 11.3 cents on Friday. May climbed 16.7 cents on Monday to $2.726. At…
Natural Gas Futures, Cash Prices Rise Ahead of Brief Winter Storm
Natural gas futures strengthened midweek as the ramp-up of full operations at a key export facility combined with the potential for March cold to support the market. With technical trading likely aiding the rally, the March Nymex gas futures contract settled Wednesday at $2.174/MMBtu, up 10.1 cents on the day. April futures climbed 12.1 cents…
FERC OKs Extreme Weather Measures, to Review New England Natural Gas Challenges
FERC last week approved new reliability standards to enhance grid reliability during extreme weather events such as Winter Storm Uri in February 2021. Two years after Uri’s rampage across the U.S. South, during which hundreds died from hypothermia following blackouts that affected millions, the Federal Energy Regulatory Commission implemented enhanced cold weather preparedness plans, generator…
No Love for Natural Gas Futures as Warmth Pressures Prices; Cash Higher on West Coast
Like roses on Valentine’s Day, natural gas futures opened the week in the red as weather models trended warmer with the forecast for the next week or so. With production near recent highs and storage surpluses set to grow in the coming weeks, the March Nymex gas futures contract settled Monday at $2.405/MMBtu, off 10.9…
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,…
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…