Natural Gas Prices

Natural Gas Weekly Cash, Futures Prices Pummeled by Moderating Heat, Freeport Uncertainty

Natural Gas Weekly Cash, Futures Prices Pummeled by Moderating Heat, Freeport Uncertainty

Spot natural gas prices headed lower during the June 30-July 1 trading period for July natural gas delivery amid cooler temperatures in Texas, fleeting bouts of heat elsewhere and the typical lull in demand seen over a holiday weekend. NGI’s Weekly Spot Gas National Avg. dropped 49.5 cents to $5.845/MMBtu. Futures action in the natural…

July 1, 2022
Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower

Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower

After a brutal slashing, natural gas bulls licked their wounds and managed to churn out a respectable rebound along the natural gas futures curve to close out the week. The August Nymex futures contract settled Friday at $5.730/MMBtu, up 30.6 cents on the day. September futures climbed 32.0 cents to $5.712. At A Glance: Market…

July 1, 2022
July Natural Gas Bidweek Prices Crater as Freeport LNG Outage Reshapes Market Outlook

July Natural Gas Bidweek Prices Crater as Freeport LNG Outage Reshapes Market Outlook

Despite a sweltering summer temperature outlook, most Lower 48 hubs offloaded more than $2 month/month in July natural gas bidweek trading after an explosion at a major U.S. export terminal re-wrote the script on injection season balances. NGI’s Bidweek National Avg. plummeted $2.335 to $6.300/MMBtu for July. That marks a huge increase over the year-earlier…

July 1, 2022
Natural Gas Forwards Free Fall on Prolonged Freeport LNG Outage

Natural Gas Forwards Free Fall on Prolonged Freeport LNG Outage

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

July 1, 2022
Kogas, TotalEnergies to Consider LNG Opportunities

Kogas, TotalEnergies to Consider LNG Opportunities

Korea Gas Corp., aka Kogas, is partnering with TotalEnergies under a tentative agreement to develop more liquefied natural gas (LNG) marketing and development opportunities. Under a memorandum of understanding (MOU), South Korea’s state-run Kogas and the French supermajor could cooperate on improving LNG and low-carbon energy trading to increase price stability for the country. Kogas…

July 1, 2022
Volatility Amid Freeport LNG Outage Concerns Sees Natural Gas Futures Pare Losses

Volatility Amid Freeport LNG Outage Concerns Sees Natural Gas Futures Pare Losses

Coming off a huge sell-off in the previous session, natural gas futures recovered some of their losses in early trading Friday as the Freeport liquefied natural gas (LNG) terminal outage continued to roil the market ahead of the extended July Fourth holiday weekend. After plummeting $1.074 on Thursday, the August Nymex contract was up 45.9…

July 1, 2022
In Historic Bloodbath, Natural Gas Futures Drop $1-Plus on Storage, Freeport News

In Historic Bloodbath, Natural Gas Futures Drop $1-Plus on Storage, Freeport News

Natural gas futures took one (actually two) on the chin Thursday as a larger-than-expected storage injection and an update regarding the Freeport liquefied natural gas (LNG) outage sent prices tumbling to levels not seen in months. The August Nymex futures contract plummeted $1.074 to $5.424/MMBtu. September lost $1.101 cents to land at $5.392. Spot gas…

June 30, 2022
Sell-Off in Natural Gas Forwards Fueled by Freeport LNG Outage as Bears Take Control

Sell-Off in Natural Gas Forwards Fueled by Freeport LNG Outage as Bears Take Control

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

June 30, 2022
Once Again, U.S. Tops in Natural Gas, Oil Production, Says BP

Once Again, U.S. Tops in Natural Gas, Oil Production, Says BP

The United States bested all countries last year for natural gas and oil production, according to BP plc’s annual energy review. U.S. natural gas output in 2021 climbed 2.3% year/year to 934.2 billion cubic meters (Bcm), according to BP’s 71st annual Statistical Review of World Energy.  Russia, in second place, produced 701.7 Bcm, and Iran…

June 30, 2022
Execs from Louisiana to New Mexico Gaze into Natural Gas, Oil Pricing Crystal Ball

Execs from Louisiana to New Mexico Gaze into Natural Gas, Oil Pricing Crystal Ball

Natural gas and oil industry executives across Texas, northern Louisiana, and southern New Mexico expect a Henry Hub natural gas price of $7.55/MMBtu and a West Texas Intermediate (WTI) oil price of $108/bbl by the end of this year, according to the Federal Reserve Bank of Dallas. The Dallas Fed, as it is known, obtained…

June 30, 2022
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