Natural Gas Prices

Natural gas futures closed the book on 2020 with a bang after weather models flipped colder for the next couple of weeks and production dipped back below 90 Bcf/d. The February Nymex futures contract settled Thursday at $2.539, up 11.7 cents day/day. March climbed 10.4 cents to $2.526. Spot gas, which traded Thursday for delivery…

With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to NGI’s Forward…

For the second week in a row, the Energy Information Administration (EIA)’s weekly natural gas storage inventory report surprised to the downside, showing a much smaller-than-expected 114 Bcf withdrawal from stocks for the week ending Dec. 25. However, natural gas market bears who were hoping to pop champagne after the EIA report were disappointed, as…

Click here to listen to a recent episode of NGI’s Hub & Flow podcast. Senior Editor Leticia Gonzales chats with NGI Senior Systems Engineer Nate Harrison about the changes in toilet paper consumption since Covid-19 and how similar changes in natural gas use have altered supply/demand balances. Believing that transparent markets empower businesses, economies and…

BREAKING: EIA reports 114 Bcf withdrawal from U.S. stocks for week ending Dec. 25 Weather models maintain mild outlook for first half of January Cash prices mixed, but West and East coasts post large losses A decline in liquefied natural gas (LNG) demand aided a small pullback in natural gas futures on Wednesday. With weather…

A decline in liquefied natural gas (LNG) demand aided a small pullback in natural gas futures on Wednesday. With weather models stabilizing around a warm outlook for the first half of January, the new prompt February Nymex contract settled at $2.422/MMBtu, down 2.2 cents from Tuesday’s close. March slipped 1.7 cents to $2.422. Spot gas…

Solid LNG demand sparks big turnaround for expiring January Nymex contract Weather still bearish through mid-January Chilly weather systems boost some cash markets On a day of heightened volatility, the January Nymex natural gas futures contract rebounded sharply ahead of expiration as robust liquefied natural gas (LNG) demand took center stage. Though a full recovery…

On a day of heightened volatility, the January Nymex natural gas futures contract rebounded sharply ahead of expiration as robust liquefied natural gas (LNG) demand took center stage. Though a full recovery from Monday’s steep sell-off proved difficult, the January contract expired a whopping 16.2 cents higher at $2.467. The February contract, which takes over…

Offshore driller Pacific Drilling Co. expects to emerge from bankruptcy by the end of the year after the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s proposed reorganization plan. “The Court’s confirmation of our plan represents an important milestone in our progress towards emergence by year-end with a fully de-levered balance…