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…
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Natural Gas Forwards Trudge Through Shoulder Season Lull as Focus Turns to Winter Risks
Regional natural gas forwards were mixed during the Sept. 21-27 period as traders gauged winter upside potential against a backdrop of soft shoulder season fundamentals, NGI’s Forward Look data show. November fixed prices at Henry Hub eased 2.2 cents to end at $2.902/MMBtu. Fixed price discounts for November delivery were common throughout the Lower 48,…
Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold
A mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading period shows. With nary a hint of intimidating early season cold, at least for now,…
Natural Gas Forward Prices Rise, but Bearish Headwinds May Intensify This Fall
Natural gas forward prices recovered some ground during the Sept. 7-13 trading period as bullish technical signals and a steadily eroding storage surplus lifted the October contract by an average 10.0 cents, according to NGI’s Forward Look. Small price gains were seen throughout the forward curves, with November prices averaging 9.0 cents higher and the…
Fall’s Impending Arrival Drags Natural Gas Forward Prices Lower
With Starbucks’ pumpkin-spice lattes in hand, natural gas traders sent forward prices plummeting as crisp air began moving into the country even as Texas continued to bake under triple-digit temperatures. October forward prices fell by an average 30.0 cents from Aug. 31-Sept. 6, with West Coast markets leading the way as losses there were more…
September Heat Bolsters Natural Gas Forward Prices; Storage Data Seen Confirming Tightness
With September lining up to deliver plenty of late-season heat, and with storage trends pointing to a shrinking Lower 48 inventory cushion, regional natural gas forwards advanced during the Aug. 24-30 trading period, NGI’s Forward Look data show. Fixed prices at benchmark Henry Hub climbed 20.4 cents week/week to end at $2.793/MMBtu for October delivery,…
Natural Gas Forwards Prices Skid Lower as Market Looks Beyond Summer Heat
Both regional natural gas forwards and Nymex futures came under selling pressure during the Aug. 17-23 trading period as the market looked beyond recent sweltering summer temperatures, which have only dented a lingering inventory surplus. Fixed prices at benchmark Henry Hub slid 9.5 cents to $2.494/MMBtu for September delivery, NGI’s Forward Look data show. Fixed…
Potential Improvements to Supply Outlook Crush West Coast Natural Gas Forward Prices
Natural gas forward prices retreated through the Aug. 10-16 period as long-range forecasts point to a cooler end to the month with an increase in tropical activity. Strong production levels outside of maintenance, lagging LNG demand and robust underground stocks also weighed on the market, sending September forward prices down an average 25.0 cents, according…
Natural Gas Forwards Cook as Western Basis Premiums Rise on Supply Constraints
An overall bullish week for natural gas markets saw regional forwards rally sharply from coast to coast during the Aug. 3-9 trading period, while a mix of strong demand and supply constraints helped drive outsized gains for the western Lower 48, NGI’s Forward Look data show. National benchmark Henry Hub set the pace for sizable…
West’s Summer Gains, East’s Winter Discounts Highlight Mixed Natural Gas Forwards Action
Widespread gains for the scorching West the notable exception, regional natural gas forwards generally skidded lower during the July 27-Aug. 3 trading period, NGI’s Forward Look data show. For western U.S. hubs, enduring summer heat and an ongoing regional storage deficit put upward pressure on the late-injection-season contract months week/week. SoCal Citygate fixed prices jumped…