Bidweek Alert

The second day of natural gas bidweek trading Monday (March 25) saw baseload prices maintain the weakening trend that began Friday, according to NGI’s Bidweek Alert (BWA). Deal volumes slowed somewhat from Friday levels. Bidweek trading concludes on Tuesday. Leading on volume for deals, Dawn in the Midwest saw 80 total deals. Its basis trading…

Baseload natural gas prices were trending lower for April delivery as excess end-of-winter inventory levels kept bidders hesitant on the first day of bidweek trading Friday (March 22), according to NGI’s Bidweek Alert (BWA). Trade was most active in Texas, where the supply glut has pushed Permian Basin prices negative, following in the footsteps of…

Hamstrung by a growing surplus of natural gas in inventories and with a spring-like February running into a mild March, traders tugged natural gas prices lower for March baseload delivery, according to NGI’s Bidweek Alert (BWA). Losses were largest in the West, where California’s SoCal Citygate traded about $2.20 lower month/month at around $3.170/MMBtu, BWA…

Spooked by the natural gas market’s third-largest storage withdrawal on record that took a huge bite out of the supply surplus, traders sent February baseload prices higher for several U.S. locations on the first day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Gains were strongest in the West, where California’s SoCal Citygate traded…

Absent much convincing cold in the forecast – and near-record production – natural gas prices were trending lower for January baseload delivery, according to NGI’s Bidweek Alert (BWA). Notably, prices fell hardest in the West, a sharp turnaround from this time last year when Winter Storm Elliott slammed large swaths of the country ahead of…

Natural gas prices trended mostly higher during the first day of December bidweek trading on Wednesday even as production hovered near record levels, supplies in storage remained robust and weather-driven demand proved seasonally soft. NGI’s Bidweek Alert (BWA) showed upward momentum across several regions, with traders focused more on the winter ahead than the current…

Cold air and heavy snow in the Pacific Northwest provided the first dose of what may lie ahead this winter season, fueling large price gains for November baseload natural gas, according to NGI’s Bidweek Alert. Though confined to the U.S. West Coast, a multi-day stretch of well below-average temperatures over parts of the Northern Rockies…

Natural gas prices were trending lower for October bidweek, dragged down by moderate temperatures, soft LNG demand and a host of other bearish factors as the fall shoulder season gets underway, according to NGI’s Bidweek Alert. California led the month/month price decreases as prices at the SoCal Citygate plummeted around $2.000 from the September bidweek…

After one of the hottest months on record for some key natural gas regions, September baseload natural gas was trending mixed during the first two days of bidweek trading, which runs from Aug. 25-29. NGI’s Bidweek Alert showed the majority of U.S. locations falling month/month as temperatures are expected to ease seasonally in September. However,…