Natural Gas Prices

March Nymex natural gas futures searched for a bottom but had more downside on Tuesday, sinking another 7.9 cents, strangled by a healthy supply of natural gas and no significant demand for it. At A Glance: Futures sink 7.9 cents More downside expected Cash markets retreat The prompt-month contract settled at $1.689/MMBtu, off the $1.654…

Mostly benign winter weather, robust U.S. production and ample imports of Canadian supply put Pacific region natural gas storage levels far above historical norms early in 2024, keeping prices in check. The U.S. Energy Information Administration (EIA) most recently printed a national storage withdrawal of 75 Bcf for the week ended Feb. 2. It paled…

Natural gas futures extended losses into a fifth consecutive session Monday as fundamental support continued to evade, leaving little for the market to latch onto to drive March Nymex natural gas out of the basement and off more than three-year lows. At A Glance: Futures tank 7.9 cents  Bearish market drivers West Texas cash down …

Natural gas futures continued to grind lower early Tuesday as uncooperative forecasts pointed to more struggles ahead for a market trying to manage excess supply.  After shedding 7.9 cents on Monday, the March Nymex contract was off another 0.8 cents to $1.760/MMBtu as of 8:46 a.m. ET. Recent price action reflects a market attempting to…

Natural gas futures extended losses into a fifth consecutive session Monday as fundamental support continued to evade, leaving little for the market to latch onto to drive March Nymex natural gas out of the basement and off more than three-year lows. At A Glance: Futures tumble 7.9 cents  Bearish fundamentals persist West Texas bucks cash…

Warm weather across the Northern Hemisphere continues to drag down global natural gas prices as demand remains weak and supplies are healthy.  Title Transfer Facility (TTF) and Japan-Korea Marker (JKM) futures have fallen by over 30% since the start of winter.  “The key drivers behind falling prices have been a mild winter, ongoing demand weakness…

Still weighed down by underperforming winter demand, and with weekend forecasts offering little indication that bearish weather headwinds will ease anytime soon, natural gas futures skidded lower in early trading Monday. The March Nymex contract was off 1.8 cents to $1.829/MMBtu at around 8:48 a.m. ET. April was down 2.2 cents to $1.863. Weekend forecast…

Weekly natural gas cash prices remained under pressure for a fourth week as unseasonably mild February weather limited heating demand across much of the country, while a tanking in natural gas futures contributed to an overriding bearish market sentiment. NGI’s Weekly Spot National Avg. for the Feb. 5-9 period fell 15.0 cents to $1.965.  While…

After crashing Thursday through major $2.000/MMBtu support, March Nymex natural gas futures extended losses in the week’s closing session, retreating 7.0 cents day/day and closing at the lowest level in more than three years. At A Glance: March futures hits fresh lows Storage overhang seen widening Cash pressured by lack of demand The front-month contract…