Forward Look

LNG Demand Not Enough to Stop Natural Gas Forward Price ‘Meltdown’

LNG Demand Not Enough to Stop Natural Gas Forward Price ‘Meltdown’

A balmy weather outlook that was seen potentially extending through the first third of December weighed heavily on natural gas market sentiment during the Nov. 12-18 period, sending forward prices crashing down by an average of 36.0 cents, according to NGI’s Forward Look. Similar to the prior week, the steepest losses occurred in Appalachia. However,…

November 19, 2020
Brief Cold Snap, Record LNG Demand Combine to Lift Natural Gas Forward Prices

Brief Cold Snap, Record LNG Demand Combine to Lift Natural Gas Forward Prices

For all the intraweek volatility in the natural gas forward markets, prices ultimately capped the Nov. 5-11 period moderately higher as chilly weather crept back into the long-range forecast, according to NGI’s Forward Look. Though the colder weather may not last, Appalachia markets rallied sharply as the expected drop in temperatures coincided with gas flow…

November 12, 2020
Natural Gas Forward Prices Plunge as November Warmth Nearing Record

Natural Gas Forward Prices Plunge as November Warmth Nearing Record

“Insanely tight” supply/demand balances notwithstanding, weather dominated natural gas forward markets for the Oct. 29-Nov. 4 period. With an extremely mild forecast for the next two weeks at least, prices for December and the remaining months of winter fell sharply. Smaller, single-digit losses were seen further out the curve. The steep declines mimicked the slide…

November 5, 2020
Nymex Natural Gas Futures Steady, but Weak Demand, Supply Cuts Spook Some Forward Markets

Nymex Natural Gas Futures Steady, but Weak Demand, Supply Cuts Spook Some Forward Markets

Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…

October 29, 2020
Exports, Colder Near-Term Forecasts Lead to Big Gains for Natural Gas Forward Prices

Exports, Colder Near-Term Forecasts Lead to Big Gains for Natural Gas Forward Prices

After multiple setbacks, liquefied natural gas (LNG) demand ramped up in a big way during the Oct. 15-21 period, tightening up supply/demand balances and boosting natural gas forward prices across the country, according to NGI’s Forward Look. November prices jumped an average 26.0 cents for the period, with double-digit gains extending through the winter months…

October 22, 2020
Natural Gas Forwards Strengthen Despite Ongoing Uncertainty for LNG Demand

Natural Gas Forwards Strengthen Despite Ongoing Uncertainty for LNG Demand

Natural gas forward prices were generally higher during the Oct. 8-14 period, supported by lower production and chilly weather forecasts for some parts of the country later this month. However, the markets also faced some headwinds, namely another setback in the full recovery of Gulf Coast exports and weak demand in key Lower 48 regions.…

October 15, 2020
Natural Gas Forwards Volatile as Major Hurricane Delta Nears Louisiana Coast

Natural Gas Forwards Volatile as Major Hurricane Delta Nears Louisiana Coast

Big swings continued for winter natural gas forwards during the Oct. 1-7 period, with forecasts for much tighter supply/demand balances driving prices about 10 cents higher on average for November-March, according to NGI’s Forward Look. Most U.S. markets mirrored the action along the Nymex futures curve, but other factors came into play for several key…

October 8, 2020
‘800-Pound Gorilla’ Drags Natural Gas Forward Prices Lower as LNG Demand Still Weak

‘800-Pound Gorilla’ Drags Natural Gas Forward Prices Lower as LNG Demand Still Weak

A “very weak demand” picture quickly sapped last week’s momentum for natural gas forward prices, with November contracts plunging an average 26.0 cents for the Sept. 24-30 period, according to NGI’s Forward Look. December on average dropped half as much.  Unlike earlier in September when the 2020-2021 winter strip (November-March) remained largely immune to steep…

October 1, 2020
Tides Possibly Turning for Natural Gas Forward Prices After Solid Rally

Tides Possibly Turning for Natural Gas Forward Prices After Solid Rally

After sliding for much of the month, natural gas forwards rocketed higher during the Sept. 17-23 period as export demand steadily increased and on cooler changes to the long-range forecast. October prices jumped an average 17.0 cents during that time, while November launched 23.0 cents higher on average, according to NGI’s Forward Look. Strong, double-digit…

September 24, 2020
Containment Risk Drives Natural Gas Forwards Lower; EIA Data Sends October Plunging to $2.00

Containment Risk Drives Natural Gas Forwards Lower; EIA Data Sends October Plunging to $2.00

The losses continued for natural gas forward prices during the Sept. 10-16 period, with cooling weather and increasing storage concerns pouring salt in the wound left by the lingering shutdown of the Cameron liquefied natural gas (LNG) export terminal. October natural gas fell an average 7.0 cents, while November tumbled a more substantial 14.0 cents…

September 17, 2020
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