Forward Look

Against a consistent backdrop of lackluster natural gas demand, robust production, lagging exports and unseasonably solid storage inventories, forward prices continued to crumble during the March 16-22 period, according to NGI’s Forward Look. Natural gas fixed prices declined more than 30.0 cents on average for April, with several U.S. locations recording even steeper decreases for…

Though late-season cold was boosting heating demand across most of the Lower 48, natural gas forward prices continued to decline during the March 9-15 period, according to NGI’s Forward Look. In a sign that the chilly weather arrived too little too late, fixed price decreases averaged 11.0 cents for the April contract, Forward Look data…

Declining March heating demand expectations inspired coast-to-coast discounts for regional natural gas forwards during the March 2-8 trading period, NGI’s Forward Look data show. April fixed prices at benchmark Henry Hub fell 27.1 cents to end the period at $2.548/MMBtu, and week/week fixed price discounts of around 20-30 cents were the norm for much of…

Natural gas forward prices escalated across the Lower 48 throughout the Feb. 23-March 1 period, with a continuation of winter storms fueling sharp premiums on the West Coast, according to NGI’s Forward Look. Fixed prices remain low overall as benchmark Henry Hub stood Wednesday at $2.819/MMBtu for April. That has prompted some power generators to…

A dichotomy of steep gains for the West and hefty losses everywhere else played out in natural gas forwards markets during the Feb. 16-22 trading period, NGI’s Forward Look data show. This dynamic largely reflected the latest weather maps from Maxar’s Weather Desk, which showed shades of blue colder-than-normal temperature deviations blanketing much of the…

The prospect of late-month chills, particularly for western and northern portions of the Lower 48, helped rally natural gas forward prices at several regional hubs during the Feb. 9-15 trading period, NGI’s Forward Look data show. In the West, the perennially constrained SoCal Citygate led the surge higher, with March fixed prices swelling $1.178 week/week…

Already deflated by overwhelmingly mild weather so far this winter, regional natural gas forward prices saw a mix of generally small adjustments during the Feb. 2-8 trading period, NGI’s Forward Look data show. Having descended into sub-$3 territory, benchmark Henry Hub conceded another 6.9 cents for March fixed price trading, ending the period at $2.404/MMBtu.…

Value continued to erode in regional natural gas forwards markets during the Jan. 26-Feb. 1 trading period as forecasts showed this month was poised to carry over the same warm-dominated themes that have collapsed prices winter-to-date. March fixed prices at benchmark Henry Hub sank 44.7 cents to end the period at $2.473/MMBtu, and regional hubs…

With February only days away, the natural gas market may be closing the book on winter – and brushing off news of Freeport LNG’s impending restart – as forward prices continued to soften through the Jan. 19-25 period, according to NGI’s Forward Look. The past week’s trading patterns continued the trends that have played out…