Natural Gas Prices

The Energy Information Administration (EIA) reported the season’s first withdrawal from natural gas storage inventories on Wednesday, an on-target 21 Bcf for the week ending Nov. 19. The EIA’s weekly inventory report was published at noon ET on Wednesday because of the Thanksgiving Day holiday. Natural gas futures prices were several cents higher in anticipation…

Natural gas futures forged higher on Tuesday, recovering much of the ground lost a day earlier, as markets shifted attention to European supply woes and expectations for robust demand for U.S. exports of liquefied natural gas (LNG) through winter. At A Glance: BREAKING: U.S. EIA reports withdrawal of 21 Bcf for week ending Nov. 19…

U.S. natural gas production has recovered more vigorously than oil since the height of the pandemic and is on track to exceed pre-pandemic growth forecasts through 2024, according to researchers at Louisiana State University’s (LSU) Center for Energy Studies. The center’s executive director, David Dismukes, and associate research professor, Gregory Upton, described a transformed landscape…

Amid a growing global reach for U.S. natural gas, and the coincidental timing of gas contract expirations, Henry Hub December basis prices are trading at a rare premium to New York Mercantile Exchange (Nymex) futures, NGI Forward Look data show. Historically, Henry Hub basis tracks within a penny or so of the comparable Nymex contract.…

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

Natural gas futures were hovering close to even early Wednesday ahead of the release of fresh government inventory data expected to show the season’s first storage withdrawal. The December Nymex contract was up 3.7 cents to $5.004/MMBtu at around 8:50 a.m. ET. NGI’s machine learning model is calling for a 26 Bcf withdrawal from Lower…

Natural gas futures forged higher on Tuesday, recovering much of the ground lost a day earlier, as markets shifted attention to European supply woes and expectations for robust demand for U.S. exports of liquefied natural gas (LNG) through winter. The December Nymex contract climbed 17.8 cents day/day and settled at $4.967/MMBtu. January gained 17.4 cents…

Global natural gas prices remained strong Tuesday as benchmarks in Europe and the United States bounced back amid a colder forecast and supply shortages that are seen keeping the market tight.  Dutch and British futures finished the day slightly higher, with the front-month contracts both settling above $30/MMBtu. In the United States, the prompt Henry…

Natural gas futures floundered Monday as the prospect of a coronavirus resurgence and the potential for weak weather demand extending into December weighed on markets. At A Glance: Forecasts point to light weather-driven demand next month New coronavirus outbreaks threaten energy consumption Northeast spot prices stood apart, spiking amid regional demand The December Nymex contract…