Forward Look

May natural gas forward prices climbed an average 9 cents from March 23 to 28 as sustained cold weather trends for early April supported the market despite near-record production, according to NGI’s Forward Look.

April natural gas prices fell an average 6 cents from March 16-22 as not even a cold weather forecast for early April could turn traders’ attention from near-record production, according to NGI’s Forward Look.

Natural gas forward prices for April fell an average 6 cents from March 9-15 as any signs of wintry weather are quickly fading. Meanwhile, already weak pricing in some supply basins was exacerbated by rising production and soft demand, and prices plunged as much as 36 cents during the same period, according to NGI’s Forward Look.

For all the talk about the disappointing winter, some late-season cold this month lifted natural gas April forward prices up an average 8 cents from March 2-8, according to NGI’s Forward Look.

Natural gas forward prices for April averaged 2 cents higher from Feb. 23 to March 1 as March comes roaring in like a lion, with several cold snaps following a mostly mild February, which could perhaps lead to heftier storage withdrawals in the coming weeks, according to NGI’s Forward Look.

Weather forecasts that showed a colder start to March lifted March natural gas forward prices up an average 6 cents between Feb. 16 and 22, but markets began running out of steam Thursday and showed no signs of turning back ahead of the weekend as weather data trended warmer, according to NGI’s Forward Look.

A cold snap expected to traverse from the West Coast through the Plains during the week bolstered March forward prices in that region by double digits, according toNGI’s Forward Look.

Natural gas forward prices for March fell an average 13 cents between Feb. 2 and 8 as only brief periods of cold weather in the forecast were no match for record production, according to NGI’s Forward Look.

Natural gas forward prices for March plummeted by an average 41 cents from Jan. 26 to Feb. 1 as warmer weather outlooks, a return to record production levels and an improving storage picture took a hatchet to prices across the curve, according to NGI’s Forward Look.