Bidweek

Natural gas deliveries for March posted widespread discounts as it remained unclear whether material late-season cold would develop and be sustained beyond the next couple of weeks. With production generally holding not far off record highs and storage inventories sitting unusually high, NGI’s Bidweek National Avg. plunged $2.565 month/month to $2.870/MMBtu. Multi-dollar price decreases on…

In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) is amending the spot market price tables that appear in NGI’s various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to publish…

NGI has made a revision to our February 2023 Bidweek prices that affects the following locations:

Natural gas prices nosedived in February bidweek trading under the pressure of enduring benign weather, light heating demand and robust production. NGI’s February Bidweek National Avg. sunk $8.290 month/month to $5.430/MMBtu. That compared with the $6.785 average for the year-earlier period. Prices dropped across the Lower 48 during the Jan. 25-27 bidweek trade, with natural…

In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) proposes to amend the spot market price tables that appear in NGI’s various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to…

With warm air more typical of spring forecast to blanket much of the United States through the first two-thirds of January (at least), natural gas prices for January baseload delivery plummeted at a vast majority of locations. The West Coast was a glaring exception. Harsh wintry conditions, including historic rainfalls that have caused severe flooding…

Natural gas prices spiked in December bidweek trading as markets absorbed the demand impacts of cold wintry blasts that permeated the West, central United States and parts of the East. Early snowstorms and freezing conditions propelled heating demand and interrupted production, buttressing prices. NGI’s December Bidweek National Avg. spiked $3.445 month/month to $8.395/MMBtu. That far…

Baseload natural gas prices for November were mostly lower as the chances for widespread cold continue to get pushed further down the road, limiting gas demand for heating. Against the backdrop of stout production, vastly improved storage inventories and ongoing LNG export restrictions, NGI’s November Bidweek National Avg. lost 51.0 cents month/month to reach $4.950/MMBtu.…

Natural gas cash prices slumped in October bidweek trading as markets absorbed the demand impacts of mild fall weather and Hurricane Ian alongside stout production levels.   NGI’s October Bidweek National Avg. dropped $3.320 month/month to $5.460/MMBtu. It was below the year-earlier average of $5.495. Hubs throughout the Lower 48 posted steep losses during bidweek trading,…