Natural Gas Prices

Weekly Natural Gas Spot Prices Fly On Season’s First Cold Blast; Futures Up Modestly

Weekly Natural Gas Spot Prices Fly On Season’s First Cold Blast; Futures Up Modestly

Weekly natural gas cash prices jumped on a surge in early-season heating demand brought on by frigid temperatures that reached deep into the bottom half of the country. NGI’s Weekly Spot Gas National Avg. for the four-day Oct. 31-Nov. 3 trading period rose 41.0 cents to $2.800. A cold shot of weather gave large portions…

November 3, 2023
Natural Gas Futures Snap Losing Streak With LNG Exports In Focus; Cash Prices Slide Again

Natural Gas Futures Snap Losing Streak With LNG Exports In Focus; Cash Prices Slide Again

Natural gas futures forged higher on Friday, bolstered by elevated LNG exports and momentum from this week’s cold shot that may have been enough to trigger the season’s first withdrawal. The December Nymex gas futures contract rose 4.3 cents day/day to settle at $3.515/MMBtu. January rose 4.5 cents to $3.795. At A Glance: December contract…

November 3, 2023
Natural Gas Forward Prices Discounted at Coastal Demand Hubs as Forecasts Fail to Impress

Natural Gas Forward Prices Discounted at Coastal Demand Hubs as Forecasts Fail to Impress

Mixed trends in regional natural gas forwards trading for the Oct. 26-Nov. 1 period saw prices climb modestly for much of the Lower 48, though mild early winter forecasts put pressure on coastal demand hubs, particularly at the front of the curve. According to NGI’s Forward Look data, fixed prices for December delivery at benchmark…

November 3, 2023
Natural Gas Bulls and Bears Play Tug-of-War After In-Line Storage Build

Natural Gas Bulls and Bears Play Tug-of-War After In-Line Storage Build

Natural gas futures slid for a second session Thursday after the latest government inventory data gave bulls little ammunition to counter against light demand weather forecasts and hefty production levels. Midday weather models didn’t help either, shaving off more demand, yet bulls fought on to narrow the session’s declines. Coming off an 8-cent decline the…

November 3, 2023
Slight Gains for Natural Gas Futures Amid Mixed Forecast, Tight-Leaning Storage Print

Slight Gains for Natural Gas Futures Amid Mixed Forecast, Tight-Leaning Storage Print

As traders and analysts continued to mull a somewhat leaner-than-expected storage print, and as mixed forecast trends continued to point to wide coverage of mild weather into mid-November, natural gas futures probed modestly higher early Friday. The December Nymex contract was up 4.0 cents to $3.512/MMBtu at around 8:43 a.m. ET. The updated 11- to…

November 3, 2023
Natural Gas Futures Fall Second Day After In-Line Storage Report Keeps Build Trend Intact

Natural Gas Futures Fall Second Day After In-Line Storage Report Keeps Build Trend Intact

Natural gas futures slid for a second session Thursday after the latest government inventory data gave bulls little ammunition to counter against light demand weather forecasts and hefty production levels. Midday weather models didn’t help either, shaving off more demand, yet bulls fought on to narrow the session’s declines. Coming off an 8-cent decline the…

November 2, 2023
Coastal Discounts Overshadow Modest Natural Gas Forward Price Gains Elsewhere in Lower 48

Coastal Discounts Overshadow Modest Natural Gas Forward Price Gains Elsewhere in Lower 48

Mixed trends in regional natural gas forwards trading for the Oct. 26-Nov. 1 period saw prices climb modestly for much of the Lower 48, though mild early winter forecasts put pressure on coastal demand hubs, particularly at the front of the curve. According to NGI’s Forward Look data, fixed prices for December delivery at benchmark…

November 2, 2023
December Natural Gas Futures Stumble as Cold Blast Seen Making Quick Exit; Cash Prices Slide

December Natural Gas Futures Stumble as Cold Blast Seen Making Quick Exit; Cash Prices Slide

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 79 Bcf of natural gas into storage for the week ended Oct. 27. The result landed near expectations and sent Nymex natural gas futures higher to narrow earlier declines. At A Glance: BREAKING: U.S. EIA reports 79 Bcf injection Weather to warm up…

November 2, 2023
December Natural Gas Futures Float Higher After EIA Storage Injection Lands Near Expectations

December Natural Gas Futures Float Higher After EIA Storage Injection Lands Near Expectations

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 79 Bcf of natural gas into storage for the week ended Oct. 27. The result landed near expectations and sent Nymex natural gas futures higher to narrow earlier declines. Ahead of the 10:30 a.m. ET report, December Nymex futures were trading lower by…

November 2, 2023
Early Winter Forecasts Fail to Impress as Natural Gas Futures Extend Slide Ahead of Storage

Early Winter Forecasts Fail to Impress as Natural Gas Futures Extend Slide Ahead of Storage

A less-than-impressive early season heating demand outlook pressured natural gas futures lower ahead of the latest government inventory report early Thursday.  Extending an 8.1-cent slide from the previous session, the December Nymex contract was off 7.8 cents to $3.416/MMBtu at around 8:37 a.m. ET. Pre-report surveys show market expectations centered around a larger-than-average injection in…

November 2, 2023