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January NatGas Bidweek Prices Shoot Higher, Responding to Weather And Storage

January NatGas Bidweek Prices Shoot Higher, Responding to Weather And Storage

Natural gas bidweek buyers looking out across the weather/storage landscape lost no time in locking in supplies as a previous storage surplus slid into deficit to both last year and the five-year average and forecasters were calling for successive incursions of cold, Canadian air. The NGI National Bidweek Average rose a hefty $1.11 to $4.31, and all points followed by NGI were solidly in the black, some by multiple dollars.

January 3, 2017
NatGas Bulls Relishing Exuberant December Bidweek

NatGas Bulls Relishing Exuberant December Bidweek

It was almost as if the bulls couldn’t wait for the first indication winter was on its way, and December Bidweek prices rocketed to the highest bidweek national average since February of 2015.

December 1, 2016
November Physical NatGas Bidweek Average, Buoyed By NE, Avoids Futures Slump

November Physical NatGas Bidweek Average, Buoyed By NE, Avoids Futures Slump

Overall November bidweek trading fared far better than the free-falling natural gas futures market as the NGI National Bidweek Average eased a modest 3 cents from October bidweek to $2.48, while the November futures settled at $2.764, down a stout 18.8 cents from the settle of the October contract.

November 1, 2016
Natural Gas Price Gains and Losses Offset As October Bidweek Unchanged

Natural Gas Price Gains and Losses Offset As October Bidweek Unchanged

At first glance it appeared that double-digit bidweek gains in producing regions from California and the Rocky Mountains to Texas and Louisiana might put a positive luster on October bidweek. However, steep declines in Appalachia and the Northeast offset any hope to a positive outcome and the NGI National Bidweek Average came in at $2.51, unchanged from September, and 15 cents higher than October 2015 bidweek.

October 3, 2016
September NatGas Bidweek Features Solid Gains, But Traders Skeptical

September NatGas Bidweek Features Solid Gains, But Traders Skeptical

September natural gas bidweek bulls regained some of their footing following August Bidweek’s 23-cent setback to $2.43. It wasn’t quite the same as July’s 86-cent surge, but the NGI September 2016 National Bidweek Average rose 8 cents to $2.51, which coincidentally is 8 cents higher than the September 2015 average of $2.43.

September 1, 2016
August Not So Kind To NatGas Bidweek Bulls

August Not So Kind To NatGas Bidweek Bulls

August bidweek could aptly be characterized as “You win some, you lose some,” as prices gave back some of the 86-cent gain market bulls enjoyed in July bidweek pricing. NGI”s National Bidweek Average fell 23 cents from July to $2.43, which is only 13 cents below the August 2015 bidweek average.

August 1, 2016
July NatGas Bidweek Bulls Relishing Near $1 Gains

July NatGas Bidweek Bulls Relishing Near $1 Gains

It may be too early to pop the champagne corks, but happier days look to be here again, at least for producers, as July bidweek indexes were up nearly $1 at many locations.

July 1, 2016
June Bidweek Sees Natgas Quotes Muddle Lower; California Braces for Summer Heat

June Bidweek Sees Natgas Quotes Muddle Lower; California Braces for Summer Heat

Following the precipitous fall in March bidweek quotes, April and May bidweek managed healthy gains, with April rising 8 cents and May up 14 cents. The third time was not a charm, however, as the June NGI National Bidweek Average fell from May, albeit slightly, by 2 cents to $1.80, which also represents a 75-cent drop from the June 2015 bidweek average.

June 1, 2016
May NatGas Bidweek Sees Most Price Points Rise for Second Straight Month

May NatGas Bidweek Sees Most Price Points Rise for Second Straight Month

The Bidweek price landscape was able to continue the improvements seen in April Bidweek, and all but a handful of points recorded gains for May. Neither month appeared to be living up to its billing as a fall-off shoulder month. TheNGI National Bidweek Average for May rose a healthy 14 cents from April to $1.82, with Rocky Mountain and California points well into double-digit gains.

May 2, 2016
May NatGas Bidweek Sees Most Price Points Rise for Second Straight Month

May NatGas Bidweek Sees Most Price Points Rise for Second Straight Month

The Bidweek price landscape was able to continue the improvements seen in April Bidweek, and all but a handful of points recorded gains for May. Neither month appeared to be living up to its billing as a fall-off shoulder month. TheNGI National Bidweek Average for May rose a healthy 14 cents from April to $1.82, with Rocky Mountain and California points well into double-digit gains.

May 2, 2016
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