As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…
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Permian Natural Gas Forward Prices Plummet; Other Markets Seeing Basis Improvement
Natural gas forward prices pushed modestly higher at the front of the curve during the March 14-20 trading period, particularly in the Northeast and Appalachia, data from NGI’s Forward Look show. Meanwhile, spring contracts at hubs near the congested Permian Basin struggled under the weight of weak near-term fundamentals. Fixed prices for April delivery at…
Selling Weighted to Front of Natural Gas Forward Curves on Weak Near-Term Fundamentals
Against a backdrop of soft near-term fundamentals, exceptionally weak spot market pricing and plummeting Nymex futures, regional natural gas forwards came under widespread bearish pressure during the March 7-13 trading period, NGI’s Forward Look data show. For a market still threading the needle between near-term oversupply and anticipated future demand growth, selling was weighted toward…
Appalachian Natural Gas Forward Curve Responds to EQT Cuts
Regional natural gas forwards generally pushed higher at the front of the curve during the Feb. 29-March 6 trading period as ebbing production strengthened the price outlook for a market dealing with excess supply exiting winter, NGI’s Forward Look data show. Fixed prices for April delivery at benchmark Henry Hub added 4.0 cents for the…
Natural Gas Forward Curves Strengthening for 2024 Amid Signs of Weaker Production
Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…
Sparked by Chesapeake Cuts, Natural Gas Forwards Rally Across 2024 Strip
A wave of bullish optimism, tied to the production cuts announced recently by Chesapeake Energy Corp., also lifted regional natural gas forwards higher during the Feb. 15-21 trading period, NGI’s Forward Look data show. For numerous Lower 48 trading locations, the most pronounced week/week fixed price gains occurred further along the strip during the 2024…
Widespread Discounts for Natural Gas Forwards as Mild Weather Crushes Prices
Slammed by a lack of winter weather set against a robust supply backdrop, regional natural gas forwards fell sharply across the Lower 48 during the Feb. 8-14 trading period, NGI’s Forward Look data show. Henry Hub fixed prices for March delivery took a 35.6-cent nosedive week/week to exit the period at $1.620/MMBtu. The benchmark saw…
Natural Gas Forwards Remain Under Pressure as February Warmth Erases Demand
Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve. With…
Natural Gas Forwards Weighed Down by Supply as Bulls Look for Colder Pattern Shift
Regional natural gas forward prices came under bearish pressure across the curve during the Jan. 25-31 trading period as recovering production volumes and blowtorch winter temperatures foreshadowed excess supply heading into the upcoming injection season. Henry Hub fixed prices shed 16.0 cents for March delivery, ending the period at $2.112/MMBtu, NGI’s Forward Look data show.…
Natural Gas Forwards Retreat on Warm Early February, Though Basis Strengthens Out West
Facing bearish weather headwinds into early February, regional natural gas forward prices generally drifted lower during the Jan. 18-24 trading period, NGI’s Forward Look data show. Amid a return to the unseasonably mild temperatures that dominated forecast maps prior to a mid-January Arctic cold blast, fixed prices at numerous hubs impacted by the deep freeze…