Natural Gas Prices

Preserving gains from the previous two sessions, natural gas futures were trading close to even early Tuesday, with the market left to assess whether momentum is finally shifting following a prolonged winter collapse. Coming off double-digit gains in the previous two sessions, the May Nymex contract was up 0.9 cents to $2.284/MMBtu at around 8:40…

Natural gas futures strengthened Monday as weather models trended cooler for late April, providing support to a market awash in supply but also seeing a surge in LNG demand. The May Nymex gas futures contract settled at $2.275/MMBtu, up 16.1 cents on the day. June futures climbed 13.9 cents to $2.444. At A Glance: Production…

Global natural gas demand remained weak as floating inventories built at sea and prices in Europe and Asia continued falling as the week got underway.  The May Title Transfer Facility (TTF) shed a penny on Monday, while spot LNG prices in Asia dropped below $12/MMBtu to their lowest point in nearly two years.  In Europe,…

Mild winter temperatures across much of the central and eastern United States reduced heating demand and dropped domestic natural gas consumption to the lowest levels in years.  Following a cold start to winter last December, benign weather prevailed over the first two months of this year. As a result, in January, U.S. natural gas consumption…

Bolstered by a stronger late-season heating demand outlook following colder weather model trends over the weekend break, natural gas futures surged higher in early trading Monday. The May Nymex contract was up 13.3 cents to $2.247/MMBtu at around 8:45 a.m. ET. Weather models trended colder over the weekend for days eight through 15 of the…

Spot natural gas prices tumbled during the April 10-14 trading week as warmth spread across most of the country, limiting natural gas demand for heating and cooling. NGI’s Weekly Spot Gas National Avg. fell 29.5 cents to $2.210/MMBtu. Natural gas futures prices also softened given stubbornly strong production and robust storage inventories following a mild…

Natural gas futures ended the week on higher ground as traders digested the latest storage data, which reflected some potentially bullish signals for the market. With some short-covering likely in play ahead of the weekend, the May Nymex gas futures contract settled Friday at $2.114/MMBtu, up 10.7 cents on the day. June futures closed out…

Comfortable April temperatures put downward pressure on regional natural gas forwards during the April 6-12 trading period, with most hubs posting discounts aside from a few locations in the western Lower 48 and in West Texas, NGI’s Forward Look data show. Fixed natural gas prices at benchmark Henry Hub for May delivery shed 6.0 cents…

Supportive storage data ultimately proved not enough to stop another day in the red for natural gas futures. With weather models trending slightly warmer, and plump inventories intact, the May Nymex gas futures contract settled 8.6 cents lower on Thursday at $2.007/MMBtu. June futures slid 7.0 cents to $2.197. Cash prices plummeted across the country,…