Forward Look

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

Regional natural gas forwards rallied sharply during the Sept. 8-14 trading period, coinciding with a surge in the futures market amid apparent market speculation over impacts to power burns from a potential railroad strike, NGI’s Forward Look data show. Also bolstered by lingering storage deficits and a bout of late-season cooling demand expected for next…

Amid erosion of value in the futures market as traders continued to try to price in winter supply risks, regional natural gas forwards pulled back sharply throughout the Lower 48 during the Aug. 31-Sept. 7 period, NGI’s Forward Look data show. From coast to coast, hubs posted fixed price declines of $1-plus for October delivery,…

As the U.S. natural gas market continued to assess winter supply risks in the context of exorbitant European energy costs, forwards eased lower during the Aug. 25-30 trading period, NGI’s Forward Look data show. Fixed price trading for October delivery at benchmark Henry Hub shed 25.8 cents during the period to end at $9.047/MMBtu. For…

Natural gas forwards trading was mixed during the Aug. 18-24 period as the market weighed ongoing supply adequacy concerns and spiking global prices against a later-than-expected return to service for a key U.S. export terminal this fall. In terms of week/week front-month fixed price changes, the middle third of the Lower 48 was peppered with…

Natural gas forwards rallied from coast to coast during the Aug. 11-17 trading period as mounting storage adequacy concerns overshadowed a mild late-summer forecast, according to NGI’s Forward Look data. Fixed prices for September delivery at benchmark Henry Hub surged $1.042 during the period to $9.245/MMBtu, setting the pace for hefty markups across the Lower…

Natural gas forwards rallied from coast to coast during the Aug. 11-17 trading period as mounting storage adequacy concerns overshadowed a mild late-summer forecast, according to NGI’s Forward Look data. Fixed prices for September delivery at benchmark Henry Hub surged $1.042 during the period to $9.245/MMBtu, setting the pace for hefty markups across the Lower…

A down-then-up stretch in the futures market saw natural gas forwards pull back slightly at most Lower 48 hubs during the Aug. 4-10 trading period, although several western hubs enjoyed basis strengthening on upcoming heat, NGI’s Forward Look data showed. Prices for September delivery at benchmark Henry Hub ended the period at $8.203/MMBtu, a 6.4-cent…

As forecasts pointed to some minor easing in the intensity of summer heat through the middle of August, natural gas forwards prices were mixed, with mostly modest gains during the July 28-Aug. 3 trading period, NGI’s Forward Look data show. Fixed price trading for September delivery at benchmark Henry Hub climbed 13 cents week/week to…