Natural Gas Prices

November Natural Gas Prices Surpass $5 Despite Mild Outlook; Cash Keeps Sliding

November Natural Gas Prices Surpass $5 Despite Mild Outlook; Cash Keeps Sliding

Coming off a steep decline over the past two trading sessions, natural gas futures attempted to regain some footing on Tuesday. A sharp drop in production aided the rebound, lifting the November Nymex gas futures contract by 9.9 cents to $5.088/MMBtu. December settled at $5.350, up 11.4 cents on the day. At A Glance: Production…

October 19, 2021
Exports Have Little Impact on Rising U.S. Natural Gas Prices, CLNG Says

Exports Have Little Impact on Rising U.S. Natural Gas Prices, CLNG Says

U.S. liquefied natural gas (LNG) exports are not to blame for the sharp spike in Henry Hub prices, according to a leading trade group.  “The idea that LNG is having some outsized impact on price is mathematically impossible when we actually start to dig into this,” said Executive Director Charlie Riedl of the Center for…

October 19, 2021
Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

American households can expect significant increases in home heating costs this winter, including a 30% increase in natural gas expenditures versus last winter, according to the U.S. Energy Information Administration (EIA). The agency said as part of its latest Short-Term Energy Outlook (STEO) that it expects a 3% increase in average U.S. heating degree days…

October 19, 2021
Late Sell-Off Sends November Natural Gas Below $5; Cash Tanks on Mild Temperatures

Late Sell-Off Sends November Natural Gas Below $5; Cash Tanks on Mild Temperatures

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-range forecasts. Despite higher global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $4.989/MMBtu. December dropped 36.4 cents to hit $5.236. At A Glance: Little cold in the forecasts yet European gas surges Big storage…

October 19, 2021
British Columbia’s FortisBC Resumes Renewable Natural Gas Marketing Program

British Columbia’s FortisBC Resumes Renewable Natural Gas Marketing Program

After a two-year pause to round up new supplies, British Columbia (BC) distribution firm FortisBC resumed as of Friday (Oct. 15) a renewable natural gas (RNG) marketing program that turned out to be a success since starting small in 2011. The organic gas program, a North American first when it began, fuels a mini-boom for…

October 19, 2021
‘Crumbling’ Weather-Driven Demand Pressures Natural Gas Futures Lower Early

‘Crumbling’ Weather-Driven Demand Pressures Natural Gas Futures Lower Early

Natural gas futures extended their recent losses in early trading Tuesday as considerable weakness in the weather-driven demand outlook continued to weigh on prices. After plummeting 42.1 cents in the previous session, the November Nymex contract was down 9.9 cents to $4.890/MMBtu at around 8:45 a.m. ET. The front month probed back above the $5…

October 19, 2021
Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-range forecasts. Despite higher global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $4.989/MMBtu. December dropped 36.4 cents to hit $5.236. Spot gas prices also continued to slide, with NGI’s Spot Gas National Avg. slipping…

October 18, 2021
Russia Limits Additional Natural Gas Deliveries to Europe, Sending Prices Higher — LNG Recap

Russia Limits Additional Natural Gas Deliveries to Europe, Sending Prices Higher — LNG Recap

European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month. Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results…

October 18, 2021
Natural Gas Futures Finish Week Down Sharply as Mild Weather Seen Lingering; Cash Crumbles

Natural Gas Futures Finish Week Down Sharply as Mild Weather Seen Lingering; Cash Crumbles

Natural gas futures closed the week lower as the latest storage data — the tightest all summer — was seen as a one-off event amid an otherwise bearish backdrop. With the coming two weeks likely to include only a few days of cool weather, the November Nymex gas futures contract fell 22.0 cents to $5.345/MMBtu.…

October 18, 2021
Natural Gas Futures Called Lower After Weekend Weather Model Volatility

Natural Gas Futures Called Lower After Weekend Weather Model Volatility

As traders weighed a bearish weather outlook domestically against new developments on the overseas supply crunch, natural gas futures fell sharply in early trading Monday. The November Nymex contract was down 24.0 cents to $5.170/MMBtu at around 8:45 a.m. ET. The major weather models experienced some volatility over the weekend, according to Bespoke Weather Services.…

October 18, 2021
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