Natural Gas Prices

Natural gas futures continued to tumble in early trading Wednesday amid a mild December temperature outlook that trended even warmer overnight. The January Nymex contract was down 12.2 cents to $4.445/MMBtu at around 8:50 a.m. ET, after a combined 91.0-cent swoon over the previous two sessions. The European weather model trended warmer overnight for weather…

Natural gas futures tumbled further on Tuesday as traders looked past robust demand for U.S. exports and fixated on exceptionally light domestic weather demand expectations heading into December. The January Nymex contract dropped 28.7 cents day/day and settled at $4.567/MMBtu. February fell 26.2 cents to $4.506. At A Glance: Forecasters call for warm December Production…

Natural gas customers for one of the largest U.S. utilities are set to see bills increase by as much as $71/month this winter as a result of ballooning natural gas prices. CenterPoint Energy Inc. said its local subsidiaries in Arkansas, Indiana, Ohio and Oklahoma could see higher heating bills from November to March when compared…

Mexico’s natural gas production in October rose to 3.93 Bcf/d, compared with 3.899 Bcf/d in the year-ago month. October’s production was the highest of any month this year. The average to date in 2021 has been 3.837 Bcf/d, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). September production was 3.894 Bcf/d. National oil company…

Pennsylvania’s unconventional natural gas production grew at pre-pandemic rates through the first nine months of the year as prices and demand rebounded, according to the state’s Independent Fiscal Office (IFO).  The IFO said unconventional production came in at 1.884 Tcf in 3Q2021, or 6.8% higher than the year-ago period, resembling the strong rates of the…

Natural gas futures nosedived on Monday on forecasts for benign weather into December and worries about the possible effects of a new coronavirus variant on energy demand. At A Glance: Futures flop as new prompt month takes over Weather forecasts point to modest demand Cash prices drop in the Rockies, West The January Nymex contract,…

U.S. natural gas producers hedged most of their 2022 output before prices began to soar, setting the sector up for a slew of one-time losses on the wrong-way bets, according to Rystad Energy. When exploration and production (E&P) companies hedge their gas production, they typically take an opposite position in the forecast price. However, increasing…

Milder weather trends and the diminishing threat of extreme winter price spikes had natural gas futures in freefall early Tuesday. After plummeting 62.3 cents to open the week, the January Nymex contract was off an additional 28.8 cents to trade at $4.566/MMBtu as of around 8:50 a.m. ET. The continued selling for the January contract…

Natural gas futures nosedived on Monday on forecasts for benign weather into December and worries about the possible effects of a new coronavirus variant on energy demand. The January Nymex contract, on its opening day as the prompt month, dropped 62.3 cents day/day and settled at $4.854/MMBtu. February fell 59.6 cents to $4.768. NGI’s Spot…