Natural Gas Prices

Weekly Spot Natural Gas Prices Extend Massive Losses to Close February

Weekly Spot Natural Gas Prices Extend Massive Losses to Close February

Though spot natural gas prices started to fall from record highs at the end of last week, losses continued in the final week of February as much milder weather emerged. NGI’s Weekly Spot Gas National Avg., which covered the trading period from Feb. 22-25, plummeted $30.940 week/week to $2.740. Days after temperatures plunged into the…

February 26, 2021
Natural Gas Futures Hold Steady as Mild Weather Pattern Seen Prevailing in March

Natural Gas Futures Hold Steady as Mild Weather Pattern Seen Prevailing in March

Price action in the Nymex natural gas futures market on Friday was about as thrilling as watching paint dry. After sideways action throughout much of the day, the April Nymex futures contract settled at $2.771, off six-tenths of a cent from Thursday’s close. May closed unchanged at $2.809. Spot gas, which traded Friday for gas…

February 26, 2021
NGI Adding Three Locations to Extensive Natural Gas Forward Look Product

NGI Adding Three Locations to Extensive Natural Gas Forward Look Product

In an ongoing effort to improve its robust natural gas futures pricing indexes, Natural Gas Intelligence (NGI) is adding three new pricing locations — Agua Dulce, Transco Zone 2 and Transwestern — to our Forward Look curves, effective March 1. As exports moving natural gas south of the border continue to grow, the addition of…

February 26, 2021
Steep Natural Gas Price Losses Leave Forwards ‘Significantly Undervalued’

Steep Natural Gas Price Losses Leave Forwards ‘Significantly Undervalued’

Massive declines spread across natural gas forward markets for the trading period ending Wednesday, fueled primarily by a return to the warm weather pattern that has characterized most of the winter season.  A quick ramp in production following last week’s historic winter storm also served as a headwind for prices, with March averaging 34.0 cents…

February 26, 2021
EIA’s Massive Storage Draw Too Little Too Late; April Natural Gas Prices Fall Again

EIA’s Massive Storage Draw Too Little Too Late; April Natural Gas Prices Fall Again

EIA reports second largest storage draw on record Traders focused on mild weather this spring Cash prices fall further amid mostly light demand The April natural gas futures contract failed to make a big impression on its first day at the front of the Nymex curve. The new prompt month struggled to get off the…

February 26, 2021
Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

Natural Gas Glut, Keystone XL Cancellation Seen Weighing on Alberta Finances

After losing nearly C$1.3 billion ($975 million) on the aborted Keystone XL (KXL) oil export pipeline project, Alberta, Canada’s top fossil fuel-producing province, also stands braced for more lean years on oversupplied North American natural gas markets. The toll taken by the Covid-19 pandemic, energy commodity surpluses and a bad bet on the U.S. presidential…

February 26, 2021
March Weather Looking Meek as a Lamb as Natural Gas Futures Slide

March Weather Looking Meek as a Lamb as Natural Gas Futures Slide

A decidedly mild temperature outlook for the first half of March sent natural gas futures grinding lower in early trading Friday. The April Nymex contract was down 3.6 cents to $2.741/MMBtu at around 8:50 a.m. ET.  Now that the market has had a chance to digest the 300-plus Bcf weekly withdrawal reported in the latest…

February 26, 2021
‘Powerball’ EIA Storage Report Fails to Stop Natural Gas Price Slide

‘Powerball’ EIA Storage Report Fails to Stop Natural Gas Price Slide

The April natural gas futures contract failed to make a big impression on its first day at the front of the Nymex curve. The new prompt month struggled to get off the ground early in Thursday’s session and only reached a $2.855/MMBtu intraday high before settling at $2.777, off 1.8 cents from Wednesday’s close. Spot…

February 25, 2021
Like ‘Nothing Happened,’ Natural Gas Forward Prices Crumble Below $3.00

Like ‘Nothing Happened,’ Natural Gas Forward Prices Crumble Below $3.00

Massive declines spread across natural gas forward markets for the trading period ending Wednesday, fueled primarily by a return to the warm weather pattern that has characterized most of the winter season.  A quick ramp in production following last week’s historic winter storm also served as a headwind for prices, with March averaging 34.0 cents…

February 25, 2021
Shell Forecasts Rising LNG Demand as Global Economies Recover, with Supply Shortfall Looming

Shell Forecasts Rising LNG Demand as Global Economies Recover, with Supply Shortfall Looming

Royal Dutch Shell plc, one of the leading natural gas traders in the world, said Thursday consumption held steady in 2020 despite Covid-19 and is on course to expand as economies recover. However, a dearth in sanctioned projects is forecast to create a supply gap.  According to Shell’s annual global liquefied natural gas (LNG) trade…

February 25, 2021
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