Not surprisingly, natural gas prices were tracking sharply higher for May baseload delivery as a sluggish start to the storage injection season has fueled supply concerns, according to NGI’s Bidweek Alert. Lingering cold weather throughout April, with more on the way, has kept power burns robust at a time of year when demand typically falls.…
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Russia’s War, Increasingly Tight Domestic Balances Driving Big Gains for April Baseload Natural Gas
Natural gas prices were tracking sharply higher for April baseload delivery amid an uncertain backdrop perpetuated by Russia’s war on Ukraine, according to data collected for NGI’s Bidweek Alert. Price gains were well over 50.0 cents in some parts of the country on Day 1 of the April bidweek trading period, as stubbornly chilly weather…
March 28, 2022
Onset of Spring Weather Seen Driving Huge Discounts for March Natural Gas Bidweek
Natural gas prices were tracking lower for March baseload delivery as the stubborn cold that has driven up heating demand since the turn of the new year was seen finally dissipating in the coming weeks, according to data collected for NGI’s Bidweek Alert. Prices in the Midcontinent, where a series of winter storms continued to…
February 22, 2022
Weather-Driven Demand in Northeast, Central U.S. Sends February Natural Gas Bidweek Prices Soaring
Natural gas prices jumped in February bidweek trading as cold winter blasts permeated the nation’s midsection and much of the East, fueling heating demand and threatening production cuts. Anticipation of a massive snowstorm walloping the East Coast over the final weekend of January – the storm did indeed deliver – furthered the momentum. NGI’s February…
February 1, 2022
Northeast Natural Gas February Bidweek Traders Pricing in Approaching Snowstorm, NGI’s Bidweek Alert Shows
Natural gas prices appear to be heading lower for February bidweek despite an approaching snowstorm that is set to fuel heating demand across key demand regions, according to data collected for NGI’s Bidweek Alert. The West Coast led the way, with some locations seeing February bidweek prices at around half the level of January prices.…
January 26, 2022
Near-Term Cold Fuels Monstrous January Natural Gas Bidweek Gains in Some Locations
On the cusp of the winter season’s first widespread cold snap, natural gas prices for January baseload were a mixed bag during the bidweek trading period from Dec. 27-29. Propelled by hefty premiums on the West and East coasts, which countered $1.00-plus losses elsewhere across the country, NGI’s January Bidweek National Avg. climbed 18.5 cents…
January 3, 2022
Despite Northeast Surge, December Natural Gas Bidweek Prices Backtrack Amid Murky Demand Picture
Natural gas prices lost ground in December bidweek trading as markets mulled rising production levels and waning weather-driven demand across much of the Lower 48. NGI’s December Bidweek National Avg. shed 24.0 cents month/month to $5.890/MMBtu. Still, that more than doubled the $2.720/MMBtu average for December 2020, when prices were recovering from the demand destruction…
December 1, 2021
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