Natural Gas Prices

Weather Worries Hamper February Natural Gas Futures

Weather Worries Hamper February Natural Gas Futures

Natural gas futures fell for a second consecutive day Expectations for strong weather-driven demand dwindled Cash prices dropped as mild temperatures persisted Natural gas futures fell for a second consecutive day on Wednesday, as traders absorbed dwindling expectations for strong weather-driven demand, moderating U.S. liquefied natural gas (LNG) levels and a change in control in…

January 21, 2021
Lack of Cold Keeps Pressure on Natural Gas Futures as LNG Volumes Seen Dropping

Lack of Cold Keeps Pressure on Natural Gas Futures as LNG Volumes Seen Dropping

Continued warmth in the latest forecasts, combined with a drop in export volumes, sent natural gas futures several cents lower in early trading Thursday. The February Nymex contract was down 5.0 cents to $2.489/MMBtu at around 8:45 a.m. ET. The updated forecast from Bespoke Weather Services early Thursday showed small changes versus 24 hours earlier.…

January 21, 2021
February Natural Gas Futures Fall on Demand Uncertainty; Spot Prices Stumble

February Natural Gas Futures Fall on Demand Uncertainty; Spot Prices Stumble

Natural gas futures fell for a second consecutive day on Wednesday, as traders absorbed dwindling expectations for strong weather-driven demand, moderating U.S. liquefied natural gas (LNG) levels and a change in control in the nation’s capital. The February Nymex gas futures contract shed seven-tenths of a cent day/day and settled at $2.539/MMBtu. Prices recovered late…

January 20, 2021
Mexico Natural Gas Players Call for More Connectivity, Independent Price Indexes

Mexico Natural Gas Players Call for More Connectivity, Independent Price Indexes

Mexico’s natural gas market has made tremendous strides in recent years, but more connectivity and independent price indexes are needed, according to some of the country’s most important pipeline operators and trading houses. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, discussed the state of the Mexican market with a group of experts…

January 20, 2021
Warmer Forecasts Chill February Natural Gas Futures; Cash Prices Drop

Warmer Forecasts Chill February Natural Gas Futures; Cash Prices Drop

Expectations eased for a widespread winter freeze  LNG volumes were solid, but lower than January highs Spot prices sputtered amid mild temperatures Natural gas futures plunged on Tuesday after forecasts over the holiday weekend trended warmer for late January and early next month, diminishing prior expectations for a widespread winter freeze that would fuel robust…

January 20, 2021
Bulls ‘Giving Up Hope’ for Winter Cold as Natural Gas Futures Extend Slide Early

Bulls ‘Giving Up Hope’ for Winter Cold as Natural Gas Futures Extend Slide Early

Milder trends overnight in the forecast data piled on the pressure for natural gas futures in early trading Wednesday as hopes for substantive weather-driven demand this winter rapidly fade. After settling 19.1 cents lower in the previous session, the February Nymex contract was down 7.1 cents to $2.475/MMBtu at around 8:40 a.m. ET. The overnight…

January 20, 2021
Asia LNG Rally Subsides, but Wintry Weather Poised to Support Prices — LNG Recap

Asia LNG Rally Subsides, but Wintry Weather Poised to Support Prices — LNG Recap

The rally in Asian natural gas prices has finally lost momentum as temperatures have warmed and supplies are creeping up across the region. Spot prices fell below $10.00/MMBtu on Monday as the February contract gave way to March delivery. The decline followed a rapid climb from late November through last week when Japan Korea Marker…

January 19, 2021
Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecasts shifted to expectations for a severe winter chill Demand for U.S. LNG exports continued to boost sentiment Spot gas prices finished the week strong Weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5…

January 19, 2021
Large Warm Shift Over Holiday Weekend Sinks Natural Gas Futures

Large Warm Shift Over Holiday Weekend Sinks Natural Gas Futures

In another disappointment for natural gas bulls in a winter largely devoid of serious cold, weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5 cents to $2.582/MMBtu at around 8:45 a.m. ET. Compared to…

January 19, 2021
Strong Finish Caps Solid Run for Weekly Natural Gas Prices

Strong Finish Caps Solid Run for Weekly Natural Gas Prices

Weekly cash prices gained ground early in the week amid regional blasts of cold and finished strong on Friday following a blizzard in the Upper Midwest, with rain and snow pushing to the East. The one-two punch was enough to keep cash prices in positive territory for the full week. NGI’s Weekly Spot Gas National…

January 15, 2021