Natural Gas Prices

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…

Two of Asia’s leading shipbuilders saw an influx of orders for new liquefied natural gas (LNG) carriers this month, capping an otherwise slow year for newbuilds.  Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) said in a regulatory filing last week that it landed various contracts to build nine LNG carriers. KSOE is scheduled to…

Natural gas futures tumble as weather models turn increasingly mild LNG demand still strong as global gas prices remain near multi-year highs Cash prices plummet amid lackluster demand Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from…

In an abbreviated four-day trading week ahead of the Christmas holiday, weekly cash prices gave up ground amid mild temperatures and light heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Dec. 21-24 period fell 45.5 cents to $2.790. Comfortable conditions moved in early and hung around until…

Natural gas remains essential to the global energy transition, according to most U.S. executives, but many see a reduced or evolving role as renewables gain and the energy transition accelerates. That’s according to Deloitte, which recently issued its 2021 industry outlook after surveying a broad array of U.S. executives. Following the presidential election, the consultancy…

The U.S. Energy Information Administration (EIA) reported a steep withdrawal of 152 Bcf natural gas storage for the week ended Dec. 18. The result was bullish compared to a year earlier though it fell short of market expectations and pushed Nymex natural gas futures lower. The latest pull was shy of median estimates around 159-160…

In an eventful stretch of trading influenced by a powerful winter storm that blanketed large swaths of the East with heavy snow and chilly temperatures, weekly natural gas prices soared. NGI’s Weekly Spot Gas National Avg. for the Dec. 14-18 period spiked 79.5 cents to $3.245, led by a surge in Northeast prices that started…