Topic / Markets

Subscribe

Markets

Weekly Natural Gas Spot Prices, Futures Struggle Amid Elusive Demand, Stout Production

Weekly Natural Gas Spot Prices, Futures Struggle Amid Elusive Demand, Stout Production

Weekly cash prices skidded lower amid solid production and light heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 23-27 period fell 61.0 cents to $4.880. As the trading week closed, Algonquin Citygate was down 45.5 cents to $3.755, while Kingsgate was off 33.5 cents to $2.960…

January 27, 2023
February Natural Gas Futures Seesaw Into Expiry; Cash Prices Rebound

February Natural Gas Futures Seesaw Into Expiry; Cash Prices Rebound

February natural gas futures floundered most of Friday but bounced back in the final hour, avoiding a fourth-consecutive loss under the pressure of steady production and supply/demand imbalance. The February Nymex contract gained 16.5 cents day/day and settled at $3.109/MMBtu before rolling off the board. March, which takes over as the prompt month, ticked up…

January 27, 2023
Natural Gas Forward Prices Continue to Soften Despite Freeport LNG’s Move Toward Restart

Natural Gas Forward Prices Continue to Soften Despite Freeport LNG’s Move Toward Restart

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…

January 27, 2023
ICE to Launch Alternative TTF Market in Response to EU Natural Gas Price Cap

ICE to Launch Alternative TTF Market in Response to EU Natural Gas Price Cap

Intercontinental Exchange Inc. (ICE) said Friday it would launch a market for trading Title Transfer Facility (TTF) contracts in London that are subject to the European Union (EU) cap on the continent’s gas benchmark that takes effect next month. “ICE’s purpose is to create markets to allow our customers to manage their risk and we…

January 27, 2023
February Natural Gas Futures Fall Below $3; Spot Prices Slip

February Natural Gas Futures Fall Below $3; Spot Prices Slip

Natural gas futures could not shake their losing ways on Thursday. Weak weather, strong production and another anemic storage print sent prices lower a third consecutive day. The February Nymex gas futures contract settled at $2.944/MMBtu, down 12.3 cents day/day. It marked the first front month close below $3 since mid-2021. March shed 6.7 cents…

January 27, 2023
Weak Storage Print Prolongs Natural Gas Futures Losing Streak; Cash Prices Drop

Weak Storage Print Prolongs Natural Gas Futures Losing Streak; Cash Prices Drop

Natural gas futures could not shake their losing ways on Thursday. Weak weather, strong production and another anemic storage print sent prices lower a third consecutive day. The February Nymex gas futures contract settled at $2.944/MMBtu, down 12.3 cents day/day. It marked the first front month close below $3 since mid-2021. March shed 6.7 cents…

January 26, 2023
Freeport News Fails to Stop Natural Gas Bears from Chomping Away at Forward Prices

Freeport News Fails to Stop Natural Gas Bears from Chomping Away at Forward Prices

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…

January 26, 2023
Absent Demand Drivers, Natural Gas Futures, Cash Prices Cascade

Absent Demand Drivers, Natural Gas Futures, Cash Prices Cascade

Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. A day after dropping 18.9 cents, the February Nymex futures contract shed another 19.1 cents day/day and…

January 26, 2023
Natural Gas Futures Bruised and Battered After EIA Posts 91 Bcf Storage Pull

Natural Gas Futures Bruised and Battered After EIA Posts 91 Bcf Storage Pull

Utilities withdrew 91 Bcf of natural gas from storage for the week ended Jan. 20, the U.S. Energy Information Administration (EIA) reported Thursday. The draw was greater than market expectations but anemic relative to historic norms, keeping pressure on already beaten-down Nymex natural gas futures. Just ahead of the 10:30 ET government report on Thursday,…

January 26, 2023
Baseload Natural Gas Prices Trending Mixed for February amid Early Cold, Solid Supply Picture

Baseload Natural Gas Prices Trending Mixed for February amid Early Cold, Solid Supply Picture

The potential for widespread frigid temperatures to start February failed to resuscitate natural gas prices for February baseload delivery, with ample production, plentiful storage and languishing exports weighing down markets, according to NGI’s Bidweek Alert (BWA). On the East Coast – where a well-documented history of volatility has taken a back seat to the West…

January 26, 2023
‹ Previous 1 2 3 1,041