Forward Look

Facing a mild December forecast and record-level production flowing into the market, regional natural gas forwards underwent widespread selling during the Nov. 22-29 period, NGI’s Forward Look data show. January fixed prices at benchmark Henry Hub sold off 17.8 cents to end the period at $2.819/MMBtu, and January discounts of around 15 cents or more…

Booming production numbers and the possibility of underwhelming December weather had natural gas prices reeling during the Nov. 16-21 period, with both regional forwards and Nymex futures posting sizable discounts. In the face of record-level supply flooding the market, bulls seemed ready to throw in the towel on winter as fixed prices for December at…

Front-month natural gas forwards finished higher at most Lower 48 hubs during the Nov. 8-15 trading period, though bearish price action farther along the strip suggested a market incrementally less convinced of winter upside, according to NGI’s Forward Look. Fixed prices at Henry Hub picked up 5.1 cents for December delivery to end the period…

With the market awash in supply and staring at bearish forecast maps stretching deep into November, regional natural gas forwards sold off sharply across the winter strip during the Nov. 2-7 trading period, NGI’s Forward Look data show. Henry Hub fixed prices saw deep discounts week/week, with December dropping 35.5 cents to $3.144/MMBtu. January, February…

Mixed trends in regional natural gas forwards trading for the Oct. 26-Nov. 1 period saw prices climb modestly for much of the Lower 48, though mild early winter forecasts put pressure on coastal demand hubs, particularly at the front of the curve. According to NGI’s Forward Look data, fixed prices for December delivery at benchmark…

Regional natural gas forwards eased lower during the Oct. 19-25 trading period as market participants continued to price in a comfortable winter supply outlook amid still-elevated production readings and an ample storage buffer. Fixed prices at Henry Hub shed 4.8 cents for November and 8.6 cents for December, ending at $3.011/MMBtu and $3.382, respectively, according…

Natural gas forwards, mirroring Nymex futures, trended lower during the Oct. 11-18 trading period, though once again price action at hubs in the West diverged from the rest of the Lower 48, according to NGI’s Forward Look data. Henry Hub fixed prices for November delivery fell 32.1 cents to $3.059/MMBtu, and front month discounts of…

Aside from some nearer term discounts at elevated western hubs, Lower 48 natural gas forwards raced higher during the Oct. 5-11 trading period, riding a wave of bullish sentiment in Nymex futures and at benchmark Henry Hub, NGI’s Forward Look data show. A bullish surprise from the U.S. Energy Information Administration’s (EIA) Oct. 5 natural…

With traders shifting their focus to the upcoming heating season, natural gas forwards at coastal demand hubs saw sizable basis shifts during the Sept. 28-Oct. 4 trading period, though price moves at other locations were more muted, NGI’s Forward Look data show. November fixed prices at benchmark Henry Hub added 6.3 cents week/week to finish…