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August Natural Gas Bidweek Prices Jump on Late Summer Heat

August Natural Gas Bidweek Prices Jump on Late Summer Heat

Natural gas prices climbed higher in August bidweek trading as markets mulled prospects for ongoing seasonal cooling demand, strong power burns and robust Mexican export levels. NGI’s August Bidweek National Avg. rose 23.0 cents month/month to $1.680/MMBtu. The August Nymex natural gas futures contract rolled off the board last Wednesday at $1.854, up 5.4 cents…

August 3, 2020
July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…

July 1, 2020
June Natural Gas Bidweek Prices Retreat as Demand Struggles to Gain Momentum

June Natural Gas Bidweek Prices Retreat as Demand Struggles to Gain Momentum

A mild start to the summer, combined with demand that continues to struggle amid the coronavirus pandemic, weighed down June natural gas bidweek prices. Although pockets of heat boosted prices in California, small losses were seen in most markets across the Lower 48, sending NGI’s June Bidweek National Avg. down 8.5 cents to $1.545/MMBtu.

June 1, 2020
With Peak Demand Loss Possibly in the Rear-View Mirror, May Bidweek Natural Gas Prices Rally

With Peak Demand Loss Possibly in the Rear-View Mirror, May Bidweek Natural Gas Prices Rally

Buoyed by an easing of stay-at-home and shutdown mandates amid the ongoing fight against the coronavirus pandemic, May bidweek prices across the Lower 48 emerged from a month of unprecedented demand loss with quarter-plus gains at the majority of pricing hubs.

May 1, 2020
Natural Gas Markets Brace for Difficult Month as April Bidweek Prices Slide

Natural Gas Markets Brace for Difficult Month as April Bidweek Prices Slide

Against a backdrop of profound macro uncertainty, natural gas bidweek traders negotiated heavy discounts for April, bunkering down for a potentially tough month ahead.

April 1, 2020
March NatGas Bidweek Prices Crater as Coronavirus Fears Hit Increasingly Globalized U.S. Market

March NatGas Bidweek Prices Crater as Coronavirus Fears Hit Increasingly Globalized U.S. Market

With March forecasts pointing to another possible record warm month, and natural gas storage inventories heading toward a robust 1.9 Tcf for the end of winter, natural gas March bidweek prices plunged further below the $2/MMBtu threshold. NGI’s March Bidweek National Avg. dropped 28 cents from February bidweek to $1.530*, which is also a $1.415 discount to the March 2019 Bidweek average.

March 2, 2020
Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Over the weekend, the celebrated groundhog Punxsutawney Phil foreshadowed an early spring, but natural gas traders have spent the past month wondering when winter will start, much less when it will end.

February 3, 2020
Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Over the weekend, the celebrated groundhog Punxsutawney Phil foreshadowed an early spring, but natural gas traders have spent the past month wondering when winter will start, much less when it will end.

February 3, 2020
Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Over the weekend, the celebrated groundhog Punxsutawney Phil foreshadowed an early spring, but natural gas traders have spent the past month wondering when winter will start, much less when it will end.

February 3, 2020

Natural Gas Bidweek Prices Tumble as Record Warmth Set for January

With January projected to be one of the Top-10 warmest on record, the double-digit decreases inbidweekprices reflect just how much things can change in a year.NGI’sJanuaryBidweekNational Avg.dropped 26.0 cents to $2.565.

January 2, 2020
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