Natural Gas Prices

It's too early for natural gas lovers to gloat, but judging by the latest Baker Hughes Inc. rig count from Friday, the dry stuff could be making a bit of a comeback…

Weekend and Monday natural gas went begging in Friday trading as temperature forecasts remained moderate, making it less attractive for buyers to commit to three-day deals.

Natural gas futures gave ground after the release of government inventory figures showing an increase that was only slightly greater than what traders were expecting.

Natural gas sellers could face antitrust lawsuits stemming from alleged past price manipulation in the Enron era that the U.S. Supreme Court said Monday is now open to state legal action (see Daily GPI, April 21). But the initial reaction in the industry is unclear on what action at the state level is likely to unfold.

Natural gas for delivery Friday eased in Thursday's trading as traders generally elected to get deals done before the mid-morning release of government storage data.

May natural gas is set to open 3 cents higher Wednesday morning at $2.60 as analysts adjust their 2015 price forecasts lower but see longer term prices over $1 higher. Overnight oil markets were mixed.

Several months ago it was hard to find a global liquefied natural gas (LNG) buyer that had anything nice to say about oil-indexation of LNG contracts. With oil prices having plummeted, one might think buyers would be big fans of oil indexation, but it's more complicated than that.

Cash natural gas prices for Thursday delivery scooted higher Wednesday as traders in eastern and Midwest markets adjusted to a cooler change in the weather regime that is likely to last to the end of the month.

The U.S. Supreme Court has upheld a Ninth Circuit ruling that took a narrow view of the jurisdiction of FERC under the Natural Gas Act (NGA), affirming state jurisdiction over retail natural gas sales.