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Strong Finish Caps Solid Run for Weekly Natural Gas Prices

Strong Finish Caps Solid Run for Weekly Natural Gas Prices

Weekly cash prices gained ground early in the week amid regional blasts of cold and finished strong on Friday following a blizzard in the Upper Midwest, with rain and snow pushing to the East. The one-two punch was enough to keep cash prices in positive territory for the full week. NGI’s Weekly Spot Gas National…

January 15, 2021
February Natural Gas Futures Bounce Back on Renewed Expectation of Deep Freeze

February Natural Gas Futures Bounce Back on Renewed Expectation of Deep Freeze

Natural gas prices rebounded Friday from a loss the day earlier as volatile weather forecasts shifted back to expectations for a severe winter chill in late January that could drive a surge in heating demand. The February Nymex gas futures contract climbed 7.1 cents day/day and settled at $2.737/MMBtu on Friday. The advance more than…

January 15, 2021
Volatility Abounds in Natural Gas Forwards Trading as Polar Vortex Seen Arriving Late January

Volatility Abounds in Natural Gas Forwards Trading as Polar Vortex Seen Arriving Late January

Small price gains were seen along U.S. natural gas forward curves for the Jan. 7-13 period, but they did not tell the whole story. Volatility was in full swing as weather models continued to tease the market with signals that truly frigid winter weather may loom. February prices averaged 5.0 cents higher for the period,…

January 15, 2021
North American Natural Gas Hard Hit by Covid-19, but Robust Growth Seen Through 2040

North American Natural Gas Hard Hit by Covid-19, but Robust Growth Seen Through 2040

North American natural gas production bore the brunt of the Covid-19 pandemic’s impact on global gas output in 2020, but demand fared better in the lower price environment. In its Gas Year 2020 review, Rystad Energy said North American gas production is estimated to have fallen 47 billion cubic meters (bcm) from 2019 levels to…

January 15, 2021
Natural Gas Futures Rebound Early as Models Retain Late January Cold

Natural Gas Futures Rebound Early as Models Retain Late January Cold

As models maintained expectations for a shift to colder U.S. temperatures to close out the month of January, natural gas futures reversed their recent losses in early trading Friday. After giving up 6.1 cents in the previous session, the February Nymex contract was up 9.1 cents to $2.757/MMBtu at around 8:40 a.m. ET. Recent weather…

January 15, 2021
February Natural Gas Futures Flounder as Potential for Extreme Cold Eases; Cash Prices Fall

February Natural Gas Futures Flounder as Potential for Extreme Cold Eases; Cash Prices Fall

In a third consecutive day of topsy-turvy trading, natural gas futures ultimately finished firmly in negative territory, as markets fixated more on shifting weather patterns than a bullish storage report and rising U.S. liquefied natural gas (LNG) volumes. The February Nymex gas futures contract settled at $2.666/MMBtu, down 6.1 cents day/day. March fell 5.9 cents…

January 14, 2021
Natural Gas Forwards Mostly Steady, but Polar Vortex Driving Big Gains in Rockies, Northeast

Natural Gas Forwards Mostly Steady, but Polar Vortex Driving Big Gains in Rockies, Northeast

Small price gains were seen along U.S. natural gas forward curves for the Jan. 7-13 period, but they did not tell the whole story. Volatility was in full swing as weather models continued to tease the market with signals that truly frigid winter weather may loom. February prices averaged 5.0 cents higher for the period,…

January 14, 2021
Perfect Storm Driving Meteoric Rise in Asian LNG Prices Could Happen Again

Perfect Storm Driving Meteoric Rise in Asian LNG Prices Could Happen Again

James Waddell, a senior global gas analyst at London-based Energy Aspects, said severe cold, production outages, shipping constraints and a scramble to find supplies are just a few of the myriad factors that have blown into the perfect storm behind a meteoric rise in Asian liquefied natural gas (LNG) prices.  As the historic rally continues,…

January 14, 2021
Henry Hub Could Hit $3.50 in 2021 on Projected LNG Export Strength

Henry Hub Could Hit $3.50 in 2021 on Projected LNG Export Strength

An extraordinary surge in freezing temperatures across northern Asia, coupled with liquefied natural gas (LNG) delivery interruptions, are triggering a surge in prices in key U.S. export destinations such as China, Japan and South Korea. At the same time, European storage levels are drawing down quickly, and the result is mounting demand for U.S. LNG…

January 14, 2021
E&P Spending Revival Poised for North America, Overseas

E&P Spending Revival Poised for North America, Overseas

Global exploration operators are ready to get back to business in oil and natural gas onshore and offshore, with the international players likely to shell out more funds this year than their Lower 48 compadres. Energy analysts in recent weeks have begun offering their takes on the likely pace of activity and potential capital expenditures…

January 14, 2021
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