Forward Look

Summer prices over the last month have risen considerably in California amid growing concerns of a hot summer, the likely absence of key storage and a rapidly deteriorating hydro situation, an NGI’s Forward Lookanalysis shows.

The double-digit gains seen last week in natural gas forwards markets were just as quickly erased during the April 22-28 period as seemingly bearish storage news and mild weather sent June prices spiraling downward by an average 16 cents, according to NGI’s Forward Look.

The double-digit gains seen last week in natural gas forwards markets were just as quickly erased during the April 22-28 period as seemingly bearish storage news and mild weather sent June prices spiraling downward by an average 16 cents, according to NGI’s Forward Look.

It was quite the week in natural gas forwards markets as prompt-month prices rose an average 17 cents between April 15 and 21 in the face of slowing production and long-term outlooks for warmer-than-normal weather, according to NGI’s Forward Look.

It was quite the week in natural gas forwards markets as prompt-month prices rose an average 17 cents between April 15 and 21 in the face of slowing production and long-term outlooks for warmer-than-normal weather, according to NGI’s Forward Look.

Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.

Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Lookdata shows.

Natural gas prices for May shifted less than nickel at most market hubs between March 28 and 31 as mostly bearish weather on tap for the next couple of weeks and an in-line storage report left the market relatively idle, according to NGI’s Forward Look.