Natural Gas Prices

Utilities withdrew 91 Bcf of natural gas from storage for the week ended Jan. 20, the U.S. Energy Information Administration (EIA) reported Thursday. The draw was greater than market expectations but anemic relative to historic norms, keeping pressure on already beaten-down Nymex natural gas futures. Just ahead of the 10:30 ET government report on Thursday,…

The potential for widespread frigid temperatures to start February failed to resuscitate natural gas prices for February baseload delivery, with ample production, plentiful storage and languishing exports weighing down markets, according to NGI’s Bidweek Alert (BWA). On the East Coast – where a well-documented history of volatility has taken a back seat to the West…

With forecasts shedding weather-driven demand overnight, the February natural gas futures contract plunged below $3 in early trading Thursday as the market prepared to digest the latest round of government inventory data. The February Nymex contract was down 24.9 cents to $2.818/MMBtu at around 8:45 a.m. ET, while March was trading 17.2 cents lower at…

Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. At A Glance: Prompt month falls 19 cents Supplies strong relative to demand Analysts expect bearish storage…

Experienced commodity professionals, upon encountering the LNG market for the first time, will often note the lack of a globally recognized liquefied natural gas price benchmark.

Traders sent natural gas futures lower on Tuesday, even as production declined and weather forecasts pointed to stronger consumption. The February Nymex gas futures contract settled at $3.258/MMBtu, down 18.9 cents day/day. March shed 16.5 cents to $3.057. NGI’s Spot Gas National Avg., in contrast, gained 36.5 cents to $5.725 as new cold fronts formed…

Natural gas futures flirted with the $3 mark in early trading Wednesday as updated forecasts moderated the temperature outlook heading into the second week of February.  The February Nymex contract, expiring later this week, was off 17.0 cents to $3.088/MMBtu at around 8:40 a.m. ET. March was down 8.7 cents to $2.970. Overnight selling occurred…

Traders sent natural gas futures lower on Tuesday, even as production declined and weather forecasts pointed to stronger consumption. The February Nymex gas futures contract settled at $3.258/MMBtu, down 18.9 cents day/day. March shed 16.5 cents to $3.057. NGI’s Spot Gas National Avg., in contrast, gained 36.5 cents to $5.725 as new cold fronts formed…

North America natural gas and oil customers are likely to increase their overall capital spending by at least 15% year/year, with well completions equipment already fully contracted, Halliburton Co. CEO Jeff Miller said Tuesday. Well completions fetched higher prices and customers clamored for more products, signaling a solid business environment ahead for natural gas and…