Natural Gas Prices

Natural gas prices surged in November bidweek trading as markets absorbed the sudden demand impacts of frosty winter blasts that permeated the Mountain West and the nation’s midsection. NGI’s November Bidweek National Avg., which traded Oct. 25-27, climbed 85.5 cents month/month to $3.135/MMBtu. However, it still came in below the year-earlier average of $4.950 for…

Chesapeake Energy Corp. has turned to another global commodity trader to help expose more of its U.S. natural gas production to international markets, inking a tentative deal with Vitol Inc. to sell up to 1 million metric tons/year (mmty) of LNG. The heads of agreement (HOA) follows one that Chesapeake signed earlier this year with…

Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower. At A Glance: Output below 102 Bcf/d Weather outlook mixed LNG calls holding strong Coming off a 13.1-loss on Monday – its first day as the…

North American natural gas markets face the risk of oversupply in 2024 if winter comes in mild amid prodigious production gains. However, the gates are set to swing open for surging LNG exports in 2025 that could support prices out to 2030, analysts said. Lower 48 gas in storage is amply supplied ahead of winter,…

With natural gas traders attuned to weather shifts heading into the early stretch of winter, an overnight decline in heating demand expectations saw futures reverse lower early Wednesday. The December Nymex contract was down 10.6 cents to $3.469/MMBtu at around 8:45 a.m. ET. A soaring 22.3-cent rally for the December contract on Halloween coincided with…

Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower. At A Glance: Output below 102 Bcf/d Weather outlook mixed LNG calls holding strong Coming off a 13.1-loss on Monday – its first day as the…

The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…

BP plc’s long-term vision remains focused on transitioning to net-zero emissions, but the value of the natural gas and oil portfolio is key for near-term success, interim chief Murray Auchincloss said Tuesday. Auchincloss, formerly the longtime CFO, took the reins in September following the resignation of Bernard Looney. During a conference call to discuss third…

Following a summer in which robust production helped loosen supply/demand balances, U.S. natural gas consumers are expected to see lower and more stable prices this winter, according to the American Gas Association (AGA). In its Winter Heating Outlook 2023, published Monday, AGA said home heating prices are expected to decline by an average of 21%…