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Weather Volatility Dominates January Bidweek Natural Gas Trading, but Export Demand Strong

Weather Volatility Dominates January Bidweek Natural Gas Trading, but Export Demand Strong

Major fluctuations in the latest weather models resulted in big swings in natural gas bidweek prices, with solid gains on the East Coast and out West. However, much of the country’s midsection posted hefty losses amid healthy storage levels, leaving NGI’s January Bidweek National Avg. down 2.5 cents from December 2020 bidweek to $2.695/MMBtu. While…

January 4, 2021
December Natural Gas Bidweek Prices Slip Lower Amid Mild Temperatures, Dubious Outlook

December Natural Gas Bidweek Prices Slip Lower Amid Mild Temperatures, Dubious Outlook

Natural gas prices dipped slightly lower in December bidweek trading as markets mulled modest weather-driven demand in November against the prospect of increased domestic heating needs this month and continued robust liquefied natural gas (LNG) export volumes. NGI’s December Bidweek National Avg. declined 2.5 cents month/month to $2.720/MMBtu, which also represents a 10.5-cent discount from…

December 1, 2020
November Natural Gas Bidweek Prices Post Massive Gains as LNG Demand Roars Back

November Natural Gas Bidweek Prices Post Massive Gains as LNG Demand Roars Back

With some early-season cold in tow, a big recovery in natural gas export demand led to extensive gains for November bidweek prices. Led by $1.00-plus increases in the Northeast, thanks to a fast-moving cold front, NGI’s November Bidweek National Avg. jumped 88.0 cents month/month to $2.745. The November 2020 bidweek average also was considerably higher…

November 2, 2020
October Bidweek Prices Slump as Weather Demand Fades, LNG Potential Still Uncertain

October Bidweek Prices Slump as Weather Demand Fades, LNG Potential Still Uncertain

Natural gas prices moved lower in October bidweek trading as markets mulled prospects for waning weather-driven demand and the uncertain potential for a sustained recovery in liquefied natural gas (LNG) volumes. NGI’s October Bidweek National Avg. declined 33.0 cents month/month to $1.865/MMBtu and was well below the $2.005 average recorded during October 2019 bidweek. The…

October 1, 2020
September Bidweek Prices Rally as Natural Gas Traders Look Ahead to Rising LNG, Bullish Winter

September Bidweek Prices Rally as Natural Gas Traders Look Ahead to Rising LNG, Bullish Winter

While weathering a tumultuous stretch in the natural gas market headlined by a Category 4 hurricane crashing into the Gulf Coast, bidweek traders throughout much of the North American market locked in premiums for the month of September.  Strengthening futures prices bolstered by expectations for rising liquefied natural gas (LNG) demand in the month ahead…

September 1, 2020
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
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