Natural Gas Prices

Natural Gas Futures Rally as Traders Appeared Convinced of Coming Cold; Cash Up Too

Natural Gas Futures Rally as Traders Appeared Convinced of Coming Cold; Cash Up Too

Natural gas futures started off Friday fairly steady as the market continued to monitor the weather data for any convincing evidence that colder temperatures could arrive before the calendar flips to 2022. Traders got just that with the midday models, which ultimately sent the January Nymex futures contract up 11.1 cents day/day to $3.925/MMBtu. February…

December 13, 2021
Models Advertise ‘Enough Chill’ to Send Natural Gas Futures Higher Early

Models Advertise ‘Enough Chill’ to Send Natural Gas Futures Higher Early

Natural gas futures climbed in early trading Monday as chillier forecasts over the weekend bolstered expectations for heating demand later this month. Coming off an 11.1-cent rally in Friday’s session, the January Nymex contract was up another 9.8 cents to $4.023/MMBtu at around 8:50 a.m. ET.  Colder changes to the forecast provided the impetus to…

December 13, 2021
Winter Blast Rocks Northeast and Rockies Spot Gas, but Futures Fall Further

Winter Blast Rocks Northeast and Rockies Spot Gas, but Futures Fall Further

It was a mixed bag for spot natural gas prices during the Dec. 6-10 trading week thanks to a blast of frigid air that moved from the Rockies to the East Coast that combined with mostly mild conditions elsewhere. NGI’s Weekly Spot Gas National Avg. ultimately dropped 10.5 cents to $4.04/MMBtu. Nymex futures, meanwhile, continued…

December 10, 2021
Natural Gas Futures Cap Week with Gain on Colder Weather Models

Natural Gas Futures Cap Week with Gain on Colder Weather Models

Natural gas futures started off Friday fairly steady as the market continued to monitor the weather data for any convincing evidence that colder temperatures could arrive before the calendar flips to 2022. Traders got just that with the midday models, which ultimately sent the January Nymex futures contract up 11.1 cents day/day to $3.925/MMBtu. February…

December 10, 2021
Oil, Natural Gas Prices Drive Sustained Surge in Inflation

Oil, Natural Gas Prices Drive Sustained Surge in Inflation

Lofty oil and natural gas prices played outsized roles in fueling spikes in inflation this year. November proved no exception, with price increases reaching a pace last recorded nearly four decades ago. The U.S. Bureau of Labor Statistics (BLS) said Friday the consumer price index surged 6.8% in November from the same month a year…

December 10, 2021
Winter Discounts the Norm for Natural Gas Forwards; West Coast Basis Widens

Winter Discounts the Norm for Natural Gas Forwards; West Coast Basis Widens

As natural gas traders in the western United States braced for higher demand, prices throughout the rest of the country continued to erode during the five-day Dec. 2-8 trading period, NGI’s Forward Look data show. January fixed price trades for delivery at Henry Hub fell 44.3 cents week/week to $3.835/MMBtu, and most Lower 48 hubs…

December 10, 2021
Natural Gas Futures Erase Early Gains to Finish Nearly Flat; Cash Plummets

Natural Gas Futures Erase Early Gains to Finish Nearly Flat; Cash Plummets

Natural gas futures struggled to put up more gains on Thursday after traders digested the latest government inventory data. Even with the potential for cold later this month still in play, the January Nymex contract settled at $3.814/MMBtu, off one-tenth of a cent from Wednesday’s close. February, however, climbed 1.0 cent to $3.784. At A…

December 10, 2021
Tight Balances Seen Supportive as Natural Gas Futures Inch Higher Early

Tight Balances Seen Supportive as Natural Gas Futures Inch Higher Early

Natural gas futures hovered close to even early Friday as analysts mulled evidence of tight balances and as forecasts continued to tease the potential for somewhat colder temperatures to develop later this month. The January Nymex contract was up 1.7 cents to $3.831/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday trended slightly colder…

December 10, 2021
Late Sell-Off Pushes Natural Gas Futures into Red; Cash Plunges

Late Sell-Off Pushes Natural Gas Futures into Red; Cash Plunges

Natural gas futures struggled to put up more gains on Thursday after traders digested the latest government inventory data. Even with the potential for cold later this month still in play, the January Nymex contract settled at $3.814/MMBtu, off one-tenth of a cent from Wednesday’s close. February, however, climbed 1.0 cent to $3.784. Spot gas…

December 9, 2021
‘Relief’ Expected as Winter Natural Gas Price Outlook Brightens – Mexico Spotlight

‘Relief’ Expected as Winter Natural Gas Price Outlook Brightens – Mexico Spotlight

North American natural gas futures for the upcoming winter steadied mid-week at the prospect of cooler weather but have slumped since the start of the month and sit below the $4 mark. The January Nymex gas futures contract settled Wednesday at $3.815/MMBtu, up 10.7 cents day/day. February climbed 10.0 cents to $3.774. “Consumers who pay…

December 9, 2021