Natural Gas Prices

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

Natural gas futures on Friday concluded a fifth consecutive weekly decline, led lower by abating cooling demand, increasing production and mounting storage. The October Nymex gas futures contract settled at $6.828/MMBtu to close the week’s final session, down 26.1 cents day/day. November fell 20.1 cents to $6.992. NGI’s Spot Gas National Avg. plunged $1.260 to…

With a hurricane tracking toward Florida and the Southeast later this week, potentially impacting natural gas demand in the process, futures extended their losses in early trading Monday. The October Nymex contract was off 15.3 cents to $6.675/MMBtu at around 8:45 a.m. ET. November was down 13.6 cents to $6.856. Hurricane Ian, churning about 275…

Ushering in the official start to the fall season, weekly natural gas cash prices gave up substantial ground amid mild temperatures, fading cooling demand and rising production. NGI’s Weekly Spot Gas National Avg. for the Sept. 19-23 trading period fell $1.185 to $6.485. Heat early in the week quickly dissipated by midweek and, as the…

Natural gas futures on Friday concluded a fifth consecutive weekly decline, led lower by abating cooling demand, increasing production and mounting storage. The October Nymex gas futures contract settled at $6.828/MMBtu to close the week’s final session, down 26.1 cents day/day. November fell 20.1 cents to $6.992. At A Glance: Futures slip below $7 handle…

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

Natural gas prices at the Waha pricing point in West Texas continue to offer an attractive long-term option for offtakers, according to an analysis from the U.S. Energy Information Administration (EIA). Since late 2021, the difference “has been widening” between the natural gas price at Waha and the Henry Hub benchmark in Louisiana, researchers said.…

California leaned more heavily on natural gas-fired electricity during the extreme heat wave that blanketed the state earlier this month, according to the Energy Information Administration (EIA). Grid operator CAISO (aka California Independent System Operator) had to urge customers to cut back on electricity use during an extended stretch of sweltering temperatures in early September…