Bidweek Alert

Natural Gas Prices Rally in Key Production Regions to Launch June Bidweek Trading as Summer Nears

Natural Gas Prices Rally in Key Production Regions to Launch June Bidweek Trading as Summer Nears

Natural gas prices pushed higher in key regions during the first day of June bidweek trading on Friday as production leveled off below 100 Bcf/d, storage surpluses narrowed and forecasts pointed to a hot start to summer. NGI’s Bidweek Alert (BWA) showed strength from Texas to the Rockies – important production regions – to kick…

May 24, 2024
May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply

May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply

With mild weather on tap and natural gas supply remaining stubbornly high, baseload natural gas prices for May stayed depressed on Friday (April 26), the third day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Activity trickled lower on the last day of bidweek trade for May baseload flows, with the Midwest and Midcontinent…

April 29, 2024
May Natural Gas Bidweek Prices Depressed on Second Day of Trade

May Natural Gas Bidweek Prices Depressed on Second Day of Trade

As bidweek continued into a second day Thursday (April 25), baseload prices maintained the weak tenor established in Wednesday’s opener, according to NGI’s Bidweek Alert (BWA). Deal volumes were predominantly lower from Wednesday levels. Bidweek trading concludes on Friday. Leading on volume, Dawn in the Midwest saw 249,000 MMBtu/d in total volumes traded in 64…

April 26, 2024
Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices 

Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices 

Baseload natural gas prices were trending lower for May delivery as mild weather and a glut of supply in Texas kept bidders from rushing to buy on the first day of bidweek trading Wednesday (April 24), according to NGI’s Bidweek Alert (BWA). In West Texas, Waha traded at fixed prices between negative 44.0 cents and…

April 25, 2024
April Bidweek Trading Concludes as Hefty Storage, Incoming Weak Demand Weigh

April Bidweek Trading Concludes as Hefty Storage, Incoming Weak Demand Weigh

Stout storage levels at the start of the weak spring demand season kept baseload natural gas prices for April under pressure in bidweek trading Tuesday, according to NGI’s Bidweek Alert (BWA). Overall trade slowed from Monday on the third and last day of bidweek trading for April baseload flows, with the Midwest and Appalachia leading…

March 27, 2024
April Natural Gas Bidweek Prices Stay Lower on Second Day of Trade

April Natural Gas Bidweek Prices Stay Lower on Second Day of Trade

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…

March 26, 2024
Winter’s Supply Overhang Weighing on April Natural Gas Bidweek Prices

Winter’s Supply Overhang Weighing on April Natural Gas Bidweek Prices

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…

March 25, 2024
March Bidweek Trading Starts on Downslope as Weather Seen Driving Wider Storage Surplus

March Bidweek Trading Starts on Downslope as Weather Seen Driving Wider Storage Surplus

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…

February 26, 2024
February Bidweek Trading Gets Off to Choppy Start Following Record Storage Draw, Lingering Outages

February Bidweek Trading Gets Off to Choppy Start Following Record Storage Draw, Lingering Outages

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…

January 26, 2024
Plentiful Natural Gas Supplies Weigh Heavily on January Bidweek Trading

Plentiful Natural Gas Supplies Weigh Heavily on January Bidweek Trading

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…

December 22, 2023
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