Natural Gas Prices

Even as natural gas pipeline operators take action to balance system capacity with an oversupply of natural gas flooding the market, prices at the SoCal Citygate have consistently held a substantial premium to values at nearby delivery locations, prompting the question, why? Spot prices at SoCal Citygate averaged less than $1.00/MMBtu above the Henry Hub…

A notably more supportive outlook for late November cold in forecasts over the weekend saw natural gas futures rebound sharply in early trading Monday. The December Nymex contract was up 13.6 cents to $3.169/MMBtu at around 8:30 a.m. ET. January was up 10.6 cents to $3.390. Weather models accumulated heating degree days over the weekend,…

Mild temperatures and light heating demand intersected with surging production volumes to send weekly natural gas cash and futures prices lower. NGI’s Weekly Spot Gas National Avg. for the Nov. 6-9 period – abbreviated by one session due to the Veteran’s Day holiday on Friday — dropped 79.0 cents to $2.010. The December Nymex futures…

December Nymex natural gas futures fell Thursday amid a bearish triple threat of exceptionally warm November weather, stout production and slightly weaker LNG exports, which bulls could not counter with the delay of a storage report that may have given them support. The U.S. Energy Information Administration (EIA) had a planned systems upgrade on Thursday,…

With the market awash in supply and staring at bearish forecast maps stretching deep into November, regional natural gas forwards sold off sharply across the winter strip during the Nov. 2-7 trading period, NGI’s Forward Look data show. Henry Hub fixed prices saw deep discounts week/week, with December dropping 35.5 cents to $3.144/MMBtu. January, February…

December Nymex natural gas futures struggled to find direction Thursday as the market was without a key trading catalyst, following the scheduled delay of the latest government storage report. The print, which could mark the first withdrawal of the season, will be a double shot next week, in tandem with this week’s storage results. The…

Natural gas futures probed both sides of even early Thursday as market participants prepared to assess early winter balances without the usual true-up provided by weekly government inventory data. After probing as low as $3.055/MMBtu earlier in the morning, the December Nymex contract had rebounded to $3.142 as of 8:35 a.m. ET, up 3.6 cents.…

Bears kept natural gas futures on the back foot again on Wednesday, extending the prompt month’s losing streak to three sessions. Production estimates again touched a new all-time high while weather forecasts stayed mild, likely keeping gas in storage leaning toward injection this week. At A Glance: Prompt month falls to $3.106 Cash prices halt…

Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. NGI’s Spot Gas National Avg. fell 12.5 cents to $1.790, its sixth…