Natural Gas Prices

In a major technical correction, and with a little help from fundamentals, natural gas futures plummeted more than 70.0 cents on Tuesday. After sinking below $7.000 early in the session, the May Nymex contract settled at $7.176/MMBtu. Spot gas prices also hit the brakes, despite the lingering effects of a Nor’easter that set records along…

Click here to listen to the latest episode of NGI’s Hub & Flow for a breakdown of the myriad factors influencing the dramatic price swings in the U.S. natural gas market. NGI Price and Markets Editor Leticia Gonzales is joined by Aegis Hedging Solutions’ Nick Hillman, associate of market analytics. Hillman discusses supply and demand…

Natural gas futures were trading both sides of even early Wednesday as analysts cautioned to expect volatility ahead following an extraordinary run higher for prices.  Coming off a steep 64.4-cent sell-off in the previous session, the May Nymex contract was down 4.2 cents to $7.134/MMBtu at around 8:50 a.m. ET. Roughly a half hour earlier,…

In a major technical correction, and with a little help from fundamentals, natural gas futures plummeted more than 70.0 cents on Tuesday. After sinking below $7.000 early in the session, the May Nymex contract settled at $7.176/MMBtu. Spot gas prices also hit the brakes, despite the lingering effects of a Nor’easter that set records along…

The Biden administration aims to substantially curb new oil and natural gas drilling on public lands as it attempts to combat climate change and emphasize renewable fuels. The White House said it would resume selling leases to drill for oil and gas on federal lands, though the number of acres available declined dramatically and it…

Oil and natural gas prices fell across the globe Tuesday, pushed lower by a variety of factors including demand destruction in Asia, bearish sentiment in Europe and a cooling rally in the United States.  European natural gas prices hit their lowest level since Russia invaded Ukraine in February. The May Title Transfer Facility contract hit…

Natural gas futures soared above $8.000/MMBtu in an explosive start to the work week. Fueled by stronger weather-led demand gains, recovering liquefied natural gas (LNG) feed gas deliveries and storage adequacy concerns, the May Nymex gas futures contract settled at $7.820, up 52.0 cents from Thursday’s close. June futures climbed 53.5 cents to $7.958. Spot…

North American oil and natural gas producers are likely to increase their capital spending by more than one-third this year, as they boost short-term cycle projects and deal with rising inflationary costs, Halliburton Co. CEO Jeff Miller said Tuesday. The Houston-based company, the No. 1 hydraulic fracturing company in North America, kicked off the first…

After flirting with the $8 mark to start the week, natural gas futures pared their gains in early trading Tuesday as analysts observed overbought conditions following an extraordinary run higher in recent weeks.  Coming off a 52.0-cent rally in the previous session, the May Nymex contract was down 33.5 cents to $7.485/MMBtu at around 8:50…