Natural Gas Prices

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

March Nymex natural gas futures ended 5.0 cents lower Thursday as a widely anticipated storage withdrawal print from the U.S. Energy Information Administration (EIA) did little to quell bearish market sentiment. At A Glance: Futures end 5.0 cents lower Storage draw offers no surprise Weather pressures spot gas prices The front-month contract settled at $1.917/MMBtu…

An anticipated barrage of Arctic air could usher in one more blast of winter weather this month, eating into underground inventories of natural gas and providing an injection of upward momentum into the market when price bulls need it the most. This would follow a late-January and early-February run of mild temperatures across most of…

Updated forecasts weakened heating demand expectations associated with an arriving mid-February pattern shift, and natural gas futures, already trading at a discount, continued to drop in early trading Friday. Coming off a 5.0-cent decline in the previous session, the March Nymex contract was off another 4.9 cents to $1.868/MMBtu at around 8:45 a.m. ET. Both…

March Nymex natural gas futures ended 5.0 cents lower Thursday as a widely anticipated storage withdrawal print from the U.S. Energy Information Administration (EIA) did little to quell bearish market sentiment. At A Glance: Futures tumble 5.0 cents Storage offers no surprise Spot gas down on weather The front-month contract settled at $1.917/MMBtu after trading…

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares with a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

The U.S. Energy Information Administration (EIA) reported a natural gas storage withdrawal of 75 Bcf for the week ending Feb. 2, which was bearish against expectations and historical averages. Ahead of the 10:30 a.m. ET government report, March Nymex futures were trading down 2.2 cents at $1.945/MMBtu after crashing through key $2.000 support a day…

Natural gas futures continued to grind lower early Thursday as traders braced for an unseasonably light drawdown from the latest round of government inventory data. The March Nymex contract, after falling below the $2.000/MMBtu threshold on Wednesday, was down another 2.5 cents to $1.942 at around 8:45 a.m. ET. The U.S. Energy Information Administration (EIA)…