Natural Gas Prices

Weekly Natural Gas Prices Post Strong Gain Alongside Futures Rally

Weekly Natural Gas Prices Post Strong Gain Alongside Futures Rally

Weekly natural gas cash prices gained ground amid seasonally strong demand in the West and another anticipated round of frigid temperatures in the region during the week ahead. NGI’s Weekly Spot Gas National Avg. for the holiday-abbreviated Nov. 21-23 period gained 40.5 cents to $6.785. It marked the third consecutive weekly advance for cash markets.…

November 23, 2022
Natural Gas Futures, Spot Prices Pop on Wintry Weather Outlook, Storage Withdrawal

Natural Gas Futures, Spot Prices Pop on Wintry Weather Outlook, Storage Withdrawal

Natural gas futures flew ahead Wednesday, rallying a third consecutive day on festering worries about a railroad strike, expectations for blasts of cold in the month ahead and the first storage withdrawal of the season. Prices also advanced in Europe and Asia over the past week, reflecting Russia-imposed supply concerns and continued strong demand for…

November 23, 2022
Pacific Northwest, Rockies Forward Prices Rise as Snow, Bitter Cold Stoke Demand, Storage Draws

Pacific Northwest, Rockies Forward Prices Rise as Snow, Bitter Cold Stoke Demand, Storage Draws

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 23, 2022
CFE Natural Gas Exports from U.S. to Mexico Surge in Second Quarter

CFE Natural Gas Exports from U.S. to Mexico Surge in Second Quarter

A U.S. subsidiary of Mexico’s state power company Comisión Federal de Electricidad (CFE) posted a 14% year/year increase in pipeline natural gas exports from the United States to Mexico during the second quarter, according to the U.S. Department of Energy. The subsidiary, CFE International LLC (CFEi), exported 298,963 MMcf or 3.3 Bcf/d under short-term contracts…

November 23, 2022
Natural Gas Futures Post Another Gain as More Wintry Weather Awaits

Natural Gas Futures Post Another Gain as More Wintry Weather Awaits

Following a 47.3-cent rally a day earlier, natural gas futures advanced a little further on Tuesday as weather forecasts, while mixed, favored solid demand ahead and Russia injected a fresh dose of uncertainty into the global supply picture. The December Nymex gas futures contract settled at $6.779/MMBtu, up three-tenths of a cent day/day. January rose…

November 23, 2022
Season’s First Storage Withdrawal Provides Bullish Support for Surging Natural Gas Futures

Season’s First Storage Withdrawal Provides Bullish Support for Surging Natural Gas Futures

The U.S. Energy Information Administration (EIA) reported a withdrawal of 80 Bcf natural gas into storage for the week ended Nov. 18. The result came in slightly lighter than market expectations. Still, it was much steeper than the five-year average and supported already lofty Nymex natural gas futures. “We are clearly well into the heating…

November 23, 2022
Multi-Dollar Price Gains Seen for December Baseload Natural Gas as Winter Arrives in Grand Fashion

Multi-Dollar Price Gains Seen for December Baseload Natural Gas as Winter Arrives in Grand Fashion

After a quiet start, Old Man Winter kicked in the door on the natural gas market and fueled massive gains for December baseload natural gas prices, according to NGI’s Bidweek Alert (BWA). Basis prices in the Northeast, particularly New England, were seen in the mid-teens as record-setting overnight temperatures and an eye-popping lake-effect snowstorm hit…

November 23, 2022
Early December Weather Outlook ‘Sharply Colder’ as Natural Gas Futures Soar Higher

Early December Weather Outlook ‘Sharply Colder’ as Natural Gas Futures Soar Higher

Major overnight cold trends for early December helped send natural gas futures sharply higher in morning trading Wednesday ahead of the latest round of government inventory. The December Nymex contract was up 57.9 cents to $7.358/MMBtu at around 8:40 a.m. ET. January was up 51.0 cents to $7.916. EBW Analytics Group analyst Eli Rubin attributed…

November 23, 2022
Natural Gas Futures Inch Ahead as Russia’s Threat Amplifies Europe’s Thirst for U.S. LNG; Cash Prices Fall

Natural Gas Futures Inch Ahead as Russia’s Threat Amplifies Europe’s Thirst for U.S. LNG; Cash Prices Fall

Following a 47.3-cent rally a day earlier, natural gas futures advanced a little further on Tuesday as weather forecasts, while mixed, favored solid demand ahead and Russia injected a fresh dose of uncertainty into the global supply picture. The December Nymex gas futures contract settled at $6.779/MMBtu, up three-tenths of a cent day/day. January rose…

November 22, 2022
EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

The European Commission (EC) has proposed a bloc-wide ceiling on natural gas prices linked to Europe’s benchmark in an effort to stanch massive financial volatility, potentially sending ripple effects across global gas markets. In a proposal outlined by the European Union’s (EU) executive branch Tuesday, the Commission could institute a “safety price” mechanism by the…

November 22, 2022
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