Natural Gas Prices

Natural Gas Forwards Nosedive as Traders Eye February Warmup

Natural Gas Forwards Nosedive as Traders Eye February Warmup

Natural gas traders turned a blind eye to some of the coldest weather of the winter set to arrive in days, sending natural gas forward prices plummeting across the country during the trading period from Jan. 13-19, NGI’s Forward Look showed. While fixed prices for the February contract came off as much as $2.610/MMBtu at…

January 20, 2022
Natural Gas Futures Fizzle for Second Day Despite Steepest Storage Withdrawal of Winter

Natural Gas Futures Fizzle for Second Day Despite Steepest Storage Withdrawal of Winter

Natural gas futures floundered a second consecutive day as weather patterns tilted warmer, overshadowing record export volumes, threats to production and the steepest storage withdrawal of the season. A day after dropping 25.2 cents, the February Nymex gas futures contract on Thursday shed 22.9 cents day/day and settled at $3.802/MMBtu. March fell 19.6 cents to…

January 20, 2022
‘Volatility Here to Stay’ as Global Natural Gas Demand Gains Prominence – Mexico Spotlight

‘Volatility Here to Stay’ as Global Natural Gas Demand Gains Prominence – Mexico Spotlight

North America natural gas futures continued to be unpredictable this week as cold weather descended across the Lower 48, while demand for U.S. gas in Europe and Mexico continued to rise. The February Nymex gas futures contract lost 25.2 cents day/day on Wednesday and closed at $4.031/MMBtu. March fell 20.3 cents to $3.845. Upcoming bursts…

January 20, 2022
Despite Demand Drivers, February Natural Gas Futures Flounder

Despite Demand Drivers, February Natural Gas Futures Flounder

Natural gas futures dived lower Wednesday even as demand for U.S. exports held strong, forecasts called for the harshest freeze of the winter and analysts expected a hefty storage withdrawal. The February Nymex gas futures contract lost 25.2 cents day/day and settled at $4.031/MMBtu. March fell 20.3 cents to $3.845. At A Glance: BREAKING: U.S.…

January 20, 2022
EIA’s 206 Bcf Withdrawal Fails to Stop Bleeding of Nymex Natural Gas Futures

EIA’s 206 Bcf Withdrawal Fails to Stop Bleeding of Nymex Natural Gas Futures

The Energy Information Administration (EIA) reported a monstrous 206 Bcf withdrawal from storage for the week ending Jan. 14, a steeper pull than the market was expecting. Nymex natural gas futures had a modest reaction to the triple-digit draw, though, which was the first 200-plus Bcf withdrawal of the winter season. The February Nymex contract…

January 20, 2022
Certified Natural Gas, Particularly for LNG Exports, Said Likely to Fetch Premium Prices

Certified Natural Gas, Particularly for LNG Exports, Said Likely to Fetch Premium Prices

Commitments to responsibly produce U.S. natural gas surged in 2021, and this year is expected to be even better, as the energy world works to reduce emissions, according to experts.

January 20, 2022
Moderating Cold Outlook Sends Natural Gas Futures Tumbling Ahead of Latest EIA Report

Moderating Cold Outlook Sends Natural Gas Futures Tumbling Ahead of Latest EIA Report

Significant moderation in the extent of forecast cold over the next two weeks kept the pressure on natural gas futures in early trading Thursday. Coming off a 25.2-cent swoon a day earlier, the February Nymex contract was down another 11.0 cents to $3.921/MMBtu at around 8:50 a.m. ET. As of early Thursday, weather models were…

January 20, 2022
IEA Predicts Lackluster Growth for Natural Gas-fired Power Generation

IEA Predicts Lackluster Growth for Natural Gas-fired Power Generation

Fuel costs for generating natural gas- and coal-fired electricity surged in 2021 but should taper off in the coming years, the International Energy Agency (IEA) predicted in its latest semi-annual Electricity Market Report. “Sharp spikes in electricity prices in recent times have been causing hardship for many households and businesses around the world and risk…

January 19, 2022
EIA Forecasts Rising U.S. Natural Gas Exports

EIA Forecasts Rising U.S. Natural Gas Exports

In updated forecasting stretching to 2023, the Energy Information Administration (EIA) last week laid out a vision of rising natural gas production and exports alongside moderating U.S. prices. Natural gas spot prices at Henry Hub averaged $3.91/MMBtu for 2021, the agency said in its latest Short-Term Energy Outlook. This year and next should bring slightly…

January 19, 2022
With Production Down and Demand Poised to Mount, February Natural Gas Futures Gain Ground

With Production Down and Demand Poised to Mount, February Natural Gas Futures Gain Ground

Natural gas futures crept higher Tuesday, as traders assessed colder near-term weather patterns, export strength and expectations for increased storage draws against the potential for warmer weather next month. The February Nymex gas futures contract settled at $4.283/MMBtu, up 2.1 cents day/day. March, however, dipped 3.3 cents to $4.048. NGI’s Spot Gas National Avg. dropped…

January 19, 2022
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