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Calm Before Storm? Natural Gas Futures Called Slightly Higher as Ian Approaches

Calm Before Storm? Natural Gas Futures Called Slightly Higher as Ian Approaches

With Florida bracing for impact and analysts predicting volatility ahead of this week’s front month contract expiration, natural gas futures posted modest gains in early trading Tuesday. The October Nymex contract was up 4.2 cents to $6.945/MMBtu at around 8:45 a.m. ET. November was up 2.9 cents to $7.043. After making landfall over western Cuba,…

September 27, 2022
Natural Gas Futures Eke Out Gain as Production Hits Record High and Hurricane Looms

Natural Gas Futures Eke Out Gain as Production Hits Record High and Hurricane Looms

Coming off a 12% slump last week, natural gas futures clawed back into the green Monday amid estimates of record output and potential threats to production in the form of a hurricane en route to Florida. The October Nymex gas futures contract gained 7.5 cents day/day and settled at $6.903/MMBtu. November added 2.2 cents to…

September 26, 2022
Natural Gas Forward Prices Plunge Amid Bearish Supply Outlook; Waha Trading at Steep Discount

Natural Gas Forward Prices Plunge Amid Bearish Supply Outlook; Waha Trading at Steep Discount

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

September 26, 2022
Hurricane Ian Seen Reaching Florida This Week as Natural Gas Futures Extend Slide

Hurricane Ian Seen Reaching Florida This Week as Natural Gas Futures Extend Slide

With a hurricane tracking toward Florida and the Southeast later this week, potentially impacting natural gas demand in the process, futures extended their losses in early trading Monday. The October Nymex contract was off 15.3 cents to $6.675/MMBtu at around 8:45 a.m. ET. November was down 13.6 cents to $6.856. Hurricane Ian, churning about 275…

September 26, 2022
Natural Gas Futures, Weekly Prices Wobble as Weather Demand Fades, Production Holds Up

Natural Gas Futures, Weekly Prices Wobble as Weather Demand Fades, Production Holds Up

Ushering in the official start to the fall season, weekly natural gas cash prices gave up substantial ground amid mild temperatures, fading cooling demand and rising production. NGI’s Weekly Spot Gas National Avg. for the Sept. 19-23 trading period fell $1.185 to $6.485. Heat early in the week quickly dissipated by midweek and, as the…

September 23, 2022
Slump Endures for Natural Gas Futures, Cash Prices Amid Strengthening Supply

Slump Endures for Natural Gas Futures, Cash Prices Amid Strengthening Supply

Natural gas futures on Friday concluded a fifth consecutive weekly decline, led lower by abating cooling demand, increasing production and mounting storage. The October Nymex gas futures contract settled at $6.828/MMBtu to close the week’s final session, down 26.1 cents day/day. November fell 20.1 cents to $6.992. At A Glance: Futures slip below $7 handle…

September 23, 2022
Column: Understanding CFE’s Growing Role in the North American Natural Gas Market

Column: Understanding CFE’s Growing Role in the North American Natural Gas Market

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. For a while now, CFE Internacional (CFEi), a company incorporated in 2016 in Delaware, has been among the 15 largest marketers of…

September 23, 2022
Natural Gas Forward Prices Plummet as Supply Growth Seen Improving Storage Outlook

Natural Gas Forward Prices Plummet as Supply Growth Seen Improving Storage Outlook

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

September 23, 2022
California Turned to Natural Gas as September Heat Wave Strained Grid

California Turned to Natural Gas as September Heat Wave Strained Grid

California leaned more heavily on natural gas-fired electricity during the extreme heat wave that blanketed the state earlier this month, according to the Energy Information Administration (EIA). Grid operator CAISO (aka California Independent System Operator) had to urge customers to cut back on electricity use during an extended stretch of sweltering temperatures in early September…

September 23, 2022
Natural Gas Futures Flop Following Stout Storage Print; Cash Prices Follow Suit

Natural Gas Futures Flop Following Stout Storage Print; Cash Prices Follow Suit

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

September 22, 2022
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