Forward Look

Oil Downturn Boon for Permian, West Coast Natural Gas Markets

Oil Downturn Boon for Permian, West Coast Natural Gas Markets

The oil market turmoil earlier this year provided a “rock solid bull trade for natural gas” that lifted basis to levels that should hold through 2021, particularly for West Coast locations and the upstream markets that serve them, according to market experts. Speaking Wednesday during a webinar hosted by Bloomberg and Natural Gas Intelligence, NGI’s…

August 6, 2020
Natural Gas Forward Prices Fueled by Heat, Improving Export Outlook and Lower Production Trajectory

Natural Gas Forward Prices Fueled by Heat, Improving Export Outlook and Lower Production Trajectory

Natural gas traders couldn’t bear the scorching temperatures any longer, as heat indexes surged above 100 degrees across the United States and boosted forward prices for the July 23-29 period, according to NGI’s Forward Look. With the prospect of improving export demand and lower gas production in the months ahead, prices for the winter and…

July 30, 2020
Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

In an ominous sign of what may evolve to the end of the year, scorching heat across most of the country failed to spark a rally in natural gas forward prices for the July 16-22 period, according to NGI’s Forward Look. Instead, persistently weak global exports and continued uncertainty over the level of economic recovery…

July 23, 2020
Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Coming off a sharp surge from the prior week, natural gas forwards sputtered a bit during the July 9-15 period as spiking coronavirus cases across the United States threatened continued economic and energy demand recovery, according to NGI’s Forward Look. Meanwhile, higher oil prices have incentivized producers to return to the oil patch, resulting in…

July 16, 2020
Sweltering Heat Sparks Surge for Natural Gas Forward Prices

Sweltering Heat Sparks Surge for Natural Gas Forward Prices

Intensifying heat across the United States led a sharp rally for natural gas forward prices at a time when exports remain slow and uncertainty continues over energy demand recovery amid the coronavirus pandemic. Prices for August natural gas jumped 15.0 cents on average during the July 2-8 period, as did the balance of summer (August-October),…

July 9, 2020
Eerie Calm for Natural Gas Forwards Ahead of Record-Breaking Crash

Eerie Calm for Natural Gas Forwards Ahead of Record-Breaking Crash

Although natural gas forward prices steadied a bit during the June 18-24 period, the stage was set Thursday for a massive sell-off after the latest government storage data amplified fears of containment this fall. The Energy Information Administration (EIA) reported that inventories for the week ending June 19 rose by a much larger-than-expected 120 Bcf,…

June 25, 2020
Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

With much of the supply/demand background fairly stable, weak natural gas cash pricing drove a deep dive lower for forward markets during the June 11-17 period, NGI’s Forward Look data show. Double-digit decreases extended across North America through the rest of summer, though smaller losses were seen further out the curve.

June 18, 2020
Recovering Permian Natural Gas Production Leads to Sharp Decline in Regional Forward Prices

Recovering Permian Natural Gas Production Leads to Sharp Decline in Regional Forward Prices

With persistent concerns about global exports, cooler-leaning near-term forecasts sent natural gas forward prices down a few notches for the June 4-10 period, according to NGI’s Forward Look.

June 11, 2020
Natural Gas Forward Curve Steady as Market Awaits Bigger Changes in Supply/Demand

Natural Gas Forward Curve Steady as Market Awaits Bigger Changes in Supply/Demand

Natural gas forward prices continued to tread water during the May 28-June 3 period, rising only a few pennies on average across the curve as summer heat started to build across the United States.

June 4, 2020
June Natural Gas Forward Prices Gripped by LNG Concerns, but Demand Bump Seen by July

June Natural Gas Forward Prices Gripped by LNG Concerns, but Demand Bump Seen by July

With liquefied natural gas (LNG) feed gas volumes sinking to fresh lows and overall demand still lagging amid the coronavirus pandemic, June natural gas forward prices softened for the May 21-27 period, according to NGI’s Forward Look.

May 28, 2020
‹ Previous 1 2 3 29