Bidweek

Natural gas prices mounted hefty gains for November bidweek trading amid uncertainty over the potential for colder weather in the coming weeks. Strong export demand fueled by an urgent need to restock global inventories ahead of winter also aided the rally for U.S. markets. NGI’s November 2021 Bidweek National Avg. surged 63.5 cents month/month to…

Natural Gas Intelligence (NGI), a leading Price Reporting Agency (PRA) covering the North American natural gas market since 1981, has successfully completed its annual audit for 2020 pertaining to the processes and procedures for compiling NGI’s Daily, Weekly and Monthly (Bidweek) natural gas price indexes. NGI is proud to announce that no exceptions were found.…

Natural gas prices soared in October bidweek trading as markets fixated on a potential global supply squeeze and expectations of strong demand for U.S. exports of liquefied natural gas (LNG) by winter. NGI’s October Bidweek National Avg. spiked $1.355 month/month to $5.495/MMBtu. A year earlier, when the coronavirus pandemic weighed heavily on demand, the October…

With the ongoing uncertainty of former Hurricane Ida’s impact on natural gas supply and demand permeating throughout the U.S. market, the weight of dangerously low storage inventories fueled steep price increases across most of the country during natural gas bidweek trading. NGI’s September Bidweek National Avg. jumped 24.0 cents month/month to $4.140/MMBtu. Notably, September bidweek…

Natural gas prices moved steadily higher in bidweek trading as markets absorbed prospects for continued strong weather-driven demand and robust liquefied natural gas (LNG) volumes. NGI’s August Bidweek National Avg. climbed 35.0 cents month/month to $3.900/MMBtu.  It marked a distinct diversion from a year earlier, when the pandemic weighed on the demand outlook. The 2020…

A weather outlook signaling sustained robust cooling demand during the month of July helped send natural gas prices soaring in bidweek trading. In parallel with steep gains in the futures market, NGI’s July Bidweek National Avg. surged 72.5 cents higher month/month to $3.550/MMBtu. The bullish bidweek prices this summer stand in sharp contrast to the…

With summer unofficially underway, the mercury is poised to rise and recent price action Tuesday — in both June bidweek and futures trading — showed natural gas markets heating up. Widespread gains, particularly in the Northeast and in the West, lifted NGI’s June Bidweek National Avg. to $2.825/MMBtu, a 14-cent increase from May prices and…

Natural Gas Intelligence (NGI) is moving forward with some of the changes it proposed in February to better align with marketplace trends, which include shifting to a three-day bidweek trading period instead of the traditional five days in its bidweek determination period. NGI also is making a number of changes to its price index listings…

After some early-season heat last month, May natural gas bidweek prices rallied by the double-digits as warmer weather is set to build and threaten to expand storage deficits. The NGI’s May Bidweek National Avg. jumped 30.5 cents to $2.685/MMBtu. The May 2021 natural gas bidweek average was $1.06 higher than last year’s May bidweek price,…