Natural Gas Prices

After back-to-back gains fueled by bullish weather forecasts, natural gas futures extended the rally to three sessions on Tuesday. The July Nymex gas futures contract settled at $2.262/MMBtu, up 1.7 cents day/day. August rose 1.5 cents to $2.381. NGI’s Spot Gas National Avg. gained 4.0 cents to $1.940. National Weather Service (NWS) data on Tuesday…

Natural gas prices will rise this summer as power sector demand increases and production growth slows, according to updated projections from the Energy Information Administration (EIA). After averaging $2.15/MMBtu in May, Henry Hub spot prices will climb to an average of slightly above $2.60 for 3Q2023, EIA said in its latest Short-Term Energy Outlook (STEO),…

Natural gas futures rallied on Monday as production slipped, expectations for strong cooling demand increased and a cut to global oil supplies created potential support for LNG prices. Coming off a 1.4-cent gain Friday, the July Nymex gas futures contract gained 7.3 cents day/day and settled at $2.245/MMBtu to start the new trading week. August…

Natural gas futures rallied on Monday as production slipped, expectations for strong cooling demand increased and a cut to global oil supplies created potential support for LNG prices. Coming off a 1.4-cent gain Friday, the July Nymex gas futures contract gained 7.3 cents day/day and settled at $2.245/MMBtu to start the new trading week. August…

European natural gas prices surged on Monday, lifted by a jump in other commodities and ongoing competition for LNG amid a tightening pool of supplies.  The prompt Title Transfer Facility (TTF) contract surged by more than 20% to finish at nearly $9/MMBtu. Monday’s sharp spike came after nine straight weeks of losses, when TTF fell…

With weather models trending hotter over the weekend to strengthen the cooling demand outlook for the second half of June, natural gas futures surged in early trading Monday. The July Nymex contract was up 12.6 cents to $2.298/MMBtu at around 8:40 a.m. ET. Lackluster cooling demand to open the month has left the market impatient…

In a holiday-abbreviated period in which futures struggled, weekly cash prices failed to sustain early momentum and finished in negative territory.   Spot markets started the week with solid gains before dipping lower late in the covered period. The late declines sent NGI’s Weekly Spot Gas National Avg. for the May 31-June 2 period down 24.0…

Supported by bargain buying and technical factors, natural gas futures crept into positive territory Friday and held there for the first time in an otherwise bruising week. The July Nymex gas futures contract gained 1.4 cents day/day and settled at $2.172/MMBtu. August rose 2.6 cents to $2.299. At A Glance: Near-term demand remains weak Probable…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. A recent investment agreement between steel giant ArcelorMittal SA and the Sistrangas pipeline operator Cenagas is big news in the Mexican natural…