MidDay Alert

Prices pulling back after midweek rally, but front month trading higher versus intraday lows March Nymex contract dipped to $1.661/MMBtu shortly after bearish 60 Bcf withdrawal reported by U.S. Energy Information Administration (EIA) March trading at $1.717 as of 2:20 p.m. ET, down 5.6 cents day/day; April down 4.6 cents to $1.817 American weather model…

Natural gas futures up sharply through midday trading, with March Nymex contract 19.7 cents higher at $1.773/MMBtu as of 2:21 p.m. ET  Rally sparked by Chesapeake Energy Corp. announcing 2024 production cuts; company guiding for 2.65-2.75 Bcf/d in 2024, reflecting 22% year/year decline Per Gelber & Associates analysts, “The move is likely exacerbated by short-covering,…

Nymex futures heading for negative session on return from three-day weekend amid weak heating demand outlook through early March March Nymex contract off 3.2 cents to $1.577/MMBtu as of 2:35 p.m. ET; steeper losses observed for 2024 injection season contracts Euro model seeing highs of 40s and 50s for Midwest and Northeast next week, according…

Natural gas futures essentially treading water as bearish week of trading draws to close After starting week around $1.800/MMBtu, March Nymex contract trading at $1.610 as of 2:25 p.m. ET, up 2.9 cents Gelber & Associates analysts see “relatively little volatility and market participation” ahead of President’s Day weekend, as “traders have likely squared away…

Hopes for relief rally dashed by reported 49 Bcf withdrawal from storage, versus estimates for pull around 68 Bcf March Nymex contract down 2.6 cents to $1.583/MMBtu as of 2:22 p.m. ET; 2025 strip also under downward pressure A “ramp in renewable generation” plus supply changes “account for 2.4 Bcf/d of weather-normalized loosening” for latest…

Search for bottom continuing for natural gas futures Wednesday as prices down sharply through morning and lunchtime trading March Nymex contract off 8.0 cents to $1.609/MMBtu as of 2:28 p.m. ET; $1.61 seen as “strong technical support,” according to EBW Analytics Group’s Eli Rubin Nymex front month trading at roughly 10-cent premium to day-ahead Henry…

To provide better conformity between our data series and as part of planned maintenance, NGI will change the names of six (6) locations in our Forward Look natural gas data service. The planned name changes are listed below.  For those referencing our price locations by way of the pointcode field (available via JSON format only), there should be no impact. However, for those using the XLS datafeed via API/FTP, there may be some changes necessary to reference the locations by their new names.

Amid a seemingly never-ending wave of Arctic air that crippled infrastructure in the so-called energy capital of the world and across the country’s midsection, resulting in widespread power outages, natural gas prices continued to reach new heights in Oklahoma on Wednesday. Next-day gas prices soared into the thousands in the Sooner State, according to NGI…