Natural Gas Prices

The continuation of record warmth sent spot gas prices tumbling for the trading period from Dec. 27 to 29, which covered gas deliveries through the end of the year. Despite some gains on the West Coast amid a series of winter storms, NGI’s Weekly Spot Gas National Avg. dropped an impressive 64.5 cents to $3.985/MMBtu.…

Natural gas futures traders must think fireworks are an overrated way to ring in the new year, as the only sparks on Thursday were those resulting from prices slamming the pavement. The February Nymex futures contract dropped 28.9 cents to settle at $3.561/MMBtu in its debut at the front of the curve. March tumbled 26.1…

The upside January price risk baked into natural gas forwards at hubs along the populated coasts proved overdone as buyers locked in steep discounts during the post-Christmas trading period, NGI’s Forward Look data show. While January fixed prices at benchmark Henry Hub rose 3.8 cents during the Dec. 22-29 trading period, numerous locations saw heavy…

Executives in the energy breadbasket of the country are forecasting Henry Hub natural gas prices to average $4.06/MMBtu at the end of 2022, according to the latest quarterly survey by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is known, every three months surveys exploration and production (E&P) companies and oilfield services…

Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…

The Energy Information Administration (EIA) reported a 136 Bcf withdrawal from storage inventories for the week ending Dec. 24, well within a wide range of expectations. Natural gas futures prices were already about 8.0 cents lower on the day at $3.768/MMBtu ahead of the EIA report and then slipped another penny as the print crossed…

Amid mixed overnight weather trends, natural gas futures skidded lower early Thursday as traders prepared to digest another round of government inventory data. Heading into its first day as the prompt month, the February Nymex contract was off 5.0 cents to $3.800/MMBtu at around 8:50 a.m. ET. Surveys show a wide range of expectations for…

Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…

Executives in the energy breadbasket of the country are forecasting Henry Hub natural gas prices to average $4.06/MMBtu at the end of 2022, according to the latest quarterly survey by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is known, every three months surveys exploration and production (E&P) companies and oilfield services…