Natural Gas Prices

Natural gas futures continued to teeter-totter early Thursday amid little change in bearish near-term supply/demand balances. The June Nymex gas futures contract, marking its debut at the front of the curve, eventually settled 5.0 cents higher day/day at $2.355/MMBtu. Spot gas, which traded Thursday for gas deliveries through Sunday, declined as national demand was expected…

With late spring cold waning, but convincing signs of early summer heat absent from the latest forecasts, regional natural gas forwards lost ground during the April 20-26 trading week, NGI’s Forward Look data show. Henry Hub fixed prices for June delivery gave up 9.0 cents for the period to finish at $2.132/MMBtu. Fixed price discounts…

May rolled off the board and June took over as the New York Mercantile Exchange (Nymex) contract prompt month on Thursday, but there was little overall change in momentum. On Wednesday, the May Nymex natural gas futures contract fell 19.0 cents day/day and settled at $2.117/MMBtu before rolling off the books. On Thursday, June took…

Despite declines in natural gas prices, Western Energy Services Ltd. continued its recovery from the Covid-19 pandemic’s slump as growing field activity in Canada and the United States restored 2023 first quarter net income. The 30-day spot average for natural gas traded at the AECO hub in Canada fell by about 32% year/year to C$3.35/Mcf…

May natural gas futures stumbled into expiration Wednesday as production held strong, mostly benign weather prevailed in forecasts, and analysts looked for an injection that would sustain storage surpluses. At A Glance: BREAKING: U.S. EIA reports 79 Bcf injection into storage Production holds strong into spring Demand mixed by region The May contract fell 19.0…

The U.S. Energy Information Administration (EIA) said inventories for the week ending April 21 rose by a slightly higher-than-expected 79 Bcf, expanding already hefty surpluses even further less than a month into the injection season. June Nymex natural gas futures were flat ahead of the EIA report, trading near $2.310/MMBtu in the minutes leading up…

Banks that lend to the oil and gas sector have substantially reduced their expectations for natural gas prices over the next couple years, according to a new survey by Haynes and Boone LLP. The law firm conducts a biannual Energy Bank Price Deck Survey of banks that offer reserve-based lending (RBL), a vital funding source…

Natural gas futures were down slightly in early trading Thursday as the market awaited the latest round of government inventory data, expected to show a larger-than-average shoulder season build. The June Nymex contract was off 2.3 cents to $2.282/MMBtu at around 8:45 a.m. ET. As the May contract plunged 19.0 cents in its final day…

May natural gas futures stumbled into expiration Wednesday as production held strong, mostly benign weather prevailed in forecasts, and analysts looked for an injection that would sustain storage surpluses. At A Glance: Analysts see 70s Bcf storage injection Production holds strong into spring Demand mixed by region and light overall The May contract fell 19.0…