Forward Look

Strong Exports, Persisting Chill Drive Modest Gains for Natural Gas Forward Prices

Strong Exports, Persisting Chill Drive Modest Gains for Natural Gas Forward Prices

Lingering cold weather and strong export demand fueled a modest rebound for natural gas forward prices across North America during the trading period from April 15-21, according to NGI’s Forward Look. Falling prices on the U.S. East Coast, however, brought the overall average down at the front of the curve, while more notable gains were…

April 22, 2021
May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

After a meaningful step higher over the past week or so, natural gas futures steadied a bit on Tuesday and traded in a tight range. Small deviations in supply and demand ultimately sent the May Nymex contract down 2.2 cents to settle at $2.727, while the June contract slipped 1.5 cents to $2.803. Spot gas…

April 20, 2021
April Chills Bring Shoulder Season Gains for Natural Gas Forward Prices

April Chills Bring Shoulder Season Gains for Natural Gas Forward Prices

April chills brought higher futures prices and modest shoulder season gains for natural gas forwards throughout the Lower 48 during the trading week ending April 14, according to NGI’s Forward Look. For the April 8-14 period, fixed prompt-month prices at Henry Hub added 10 cents to average $2.619/MMBtu. Stronger prices at the national benchmark, which…

April 15, 2021
Warm April Sinks Natural Gas Forward Prices, but Bullish Momentum Seen Building

Warm April Sinks Natural Gas Forward Prices, but Bullish Momentum Seen Building

A major revision in the April weather forecast coming back from the Easter weekend took a big chunk out of natural gas forward prices for the period ending April 8. The short work week ended with the May contract down an average 10.0 cents and the balance of summer (May-October) off 7.0 cents, according to…

April 8, 2021
Natural Gas Forwards Hibernating as Mild Spring Weather Takes Hold

Natural Gas Forwards Hibernating as Mild Spring Weather Takes Hold

Natural gas forward markets remained quiet as they closed out March, with near-record export demand going head to head with generally weak domestic demand. The May contract, which took over the prompt-month position on Tuesday, finished the period ending Wednesday (March 31) essentially flat from where it averaged on March 25, according to NGI’s Forward…

April 1, 2021
LNG Demand Drives Small Gains for U.S. Natural Gas Forward Prices, but Warm Temps Soften Northeast Curves

LNG Demand Drives Small Gains for U.S. Natural Gas Forward Prices, but Warm Temps Soften Northeast Curves

Natural gas forward prices posted modest increases across the majority of U.S. markets for the trading week ending March 24, buoyed largely by record export demand, according to NGI’s Forward Look. With the spring shoulder season underway, gas bulls have struggled to gain momentum in recent weeks. Aside from stormy weather patterns that could drive…

March 25, 2021
Agua Dulce Natural Gas Forward Curves Seen as Valuable Risk Tool Ahead of Potentially Turbulent Summer

Agua Dulce Natural Gas Forward Curves Seen as Valuable Risk Tool Ahead of Potentially Turbulent Summer

The recent addition of the Agua Dulce pricing location to NGI’s Forward Look offered natural gas buyers on either side of the Texas-Mexico border insight into any lingering concerns related to last month’s energy crisis. Now, Mexican market players are looking to Agua Dulce forward curves to gain further understanding of key issues in the…

March 17, 2021
‘Putrid’ Power Burns, Weak Balances Drive Natural Gas Forward Prices Lower

‘Putrid’ Power Burns, Weak Balances Drive Natural Gas Forward Prices Lower

Natural gas prices trimmed about a nickel or so from the forward curve as spring appears to have sprung a couple of weeks early. The April contract was down 6 cents on average for the March 4-10 period, while the summer strip (April-October) was down 4.0 cents, according to NGI’s Forward Look. Similar losses were…

March 11, 2021
Natural Gas Forward Curves Ignore Structurally Supportive Backdrop, Climb Only Slightly

Natural Gas Forward Curves Ignore Structurally Supportive Backdrop, Climb Only Slightly

Shoulder season may be setting in across U.S. natural gas forward markets weeks ahead of schedule, with modest price changes seen across the country, according to NGI’s Forward Look.  A quick return to business as usual following last month’s historic winter freeze combined with near-perfect temperatures to drive April forward prices up only 6.0 cents…

March 4, 2021
NGI Adding Three Locations to Extensive Natural Gas Forward Look Product

NGI Adding Three Locations to Extensive Natural Gas Forward Look Product

In an ongoing effort to improve its robust natural gas futures pricing indexes, Natural Gas Intelligence (NGI) is adding three new pricing locations — Agua Dulce, Transco Zone 2 and Transwestern — to our Forward Look curves, effective March 1. As exports moving natural gas south of the border continue to grow, the addition of…

February 26, 2021
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