Topic / Bidweek

Subscribe

Bidweek

Production Overshadowing Lean Storage, Heat in August Natural Gas Bidweek

Production Overshadowing Lean Storage, Heat in August Natural Gas Bidweek

With only a few months of injections left, steep natural gas storage deficits remain in key regions, but with production setting records and trending higher, prices haven’t responded.

August 1, 2018
July Natural Gas Bidweek Prices Surge on Early-Month Heat

July Natural Gas Bidweek Prices Surge on Early-Month Heat

Bidweek came at an opportune time for market bulls as weather forecasts showing warmer-than-normal weather across much of the country for the first half of the month lifted July bidweek prices, with especially stout increases seen in southern California, the Pacific Northwest and the Northeast.

July 2, 2018
June Bidweek Prices Climb on Summer Heat; Supply Growth Still Feeding Natural Gas Bears

June Bidweek Prices Climb on Summer Heat; Supply Growth Still Feeding Natural Gas Bears

As the saying goes, April heating demand brings May cooling demand, or something to that effect.

June 1, 2018
Storage Deficits, Surging Production Shape May Natural Gas Bidweek

Storage Deficits, Surging Production Shape May Natural Gas Bidweek

With an unusually cold April fading into memory and minimal weather catalysts expected over the month ahead, May natural gas bidweek traders were left to ponder the impact of a belated start to the injection season on a well-supplied market.

May 1, 2018
Natural Gas Production Weighs on Bidweek Prices as Market Takes Stock of Winter

Natural Gas Production Weighs on Bidweek Prices as Market Takes Stock of Winter

A hefty storage deficit combined with near-record production had April natural gas bidweek traders taking stock of the market’s supply and demand balance on the cusp of injection season; the NGI National Bidweek Average shaved off 7 cents month/month to $2.36/MMBtu.

April 2, 2018
Bearish February Weather Has Natural Gas Markets Looking for Shoulder (Season) to Cry On

Bearish February Weather Has Natural Gas Markets Looking for Shoulder (Season) to Cry On

Forecasts for more Arctic chills during the month of February never panned out, and March bidweek traders responded by shifting into shoulder season mode a little early, recording significant natural gas price cuts across the board.

March 1, 2018
Natural Gas Bidweek Traders Price in February Winter Premiums as March Futures Retreat

Natural Gas Bidweek Traders Price in February Winter Premiums as March Futures Retreat

Bidweek traders had plenty to mull as they locked in their February prices. On the one hand, a hefty close to the February futures contract appeared decidedly bullish on the arrival of strong heating demand to close out the winter. On the other, a whiplash reversal in the March contract suggested a market already discounting hefty January storage withdrawals, thanks to record-setting production numbers.

February 1, 2018
January NatGas Bidweek Marked by Bearish Futures, Late-December Arctic Chills

January NatGas Bidweek Marked by Bearish Futures, Late-December Arctic Chills

Winter’s arctic freeze along the East Coast and the Midwest was enough to overcome lingering December weakness in the rest of the country, promoting NGI’s January Bidweek National Average price by 24 cents to $3.36/MMBtu.

January 2, 2018
Cold Weather on Tap in December NatGas Bidweek Action, But Markets Skittish After Getting Burned

Cold Weather on Tap in December NatGas Bidweek Action, But Markets Skittish After Getting Burned

Winter has arrived for the natural gas markets, as evidenced by the broad gains in NGI’s December Bidweek Survey, where the National Average jumped 59 cents month/month to $3.12/MMBtu, which is also a mere 8 cents below December 2016’s $3.20/MMBtu.

December 1, 2017

Cooling Not Enough to Alter November NatGas Bidweek Strategies

Natural gas bidweek trading for November was a study in contrasts, with double-digit losses in the nation’s midsection balanced by hefty gains in Appalachia, the Northeast, Rockies and California.

November 1, 2017