Natural Gas Prices

Australian labor unions working at the Gorgon and Wheatstone LNG facilities have served notice to Chevron Corp. that they intend to go on strike next week if a compromise over wages and working conditions can’t be reached before then. The Offshore Alliance (OA), a partnership between the Australian Workers Union and the Maritime Union of…

After one of the hottest months on record for some key natural gas regions, September baseload natural gas was trending mixed during the first two days of bidweek trading, which runs from Aug. 25-29. NGI’s Bidweek Alert showed the majority of U.S. locations falling month/month as temperatures are expected to ease seasonally in September. However,…

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…

West Virginia’s natural gas and oil sector has directly contributed to more than 17,000 jobs in the state, in addition to $714 million in severance payments, according to the Gas and Oil Association of West Virginia (GO-WV).  “The facts are clear: our industry is driving economic prosperity in West Virginia,” said GO-WV Executive Director Charlie…

Natural gas futures held steady early Tuesday as traders attempted to assess the potential impacts of Hurricane Idalia, which was seen strengthening as it barreled toward the coast of Florida. The expiring September Nymex contract was off 0.6 cents to $2.573/MMBtu at around 8:40 a.m. ET, while October was up 0.7 cents to $2.672. Hurricane…

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…

Workers at Chevron Corp.’s LNG export terminals in Western Australia moved closer to a labor strike on Monday, lending support to global natural gas prices as the week got underway.  Workers at the Wheatstone liquefied natural gas terminal’s offshore production platform voted in favor of work stoppages if necessary, joining others at Wheatstone’s downstream processing…

Natural gas futures surged higher early Monday as traders assessed a strengthening outlook for September heat, though a looming tropical cyclone threatened to temper demand. The September Nymex contract was up 13.2 cents to $2.672/MMBtu at around 8:40 a.m. ET. October was up 14.1 cents to $2.798. Both the European and American models added cooling…

Natural gas spot gas prices were lower this week despite scorching heat that spread outside of California and Texas to blanket much of the Lower 48. Led by steep losses in California, NGI’s Weekly Spot Gas National Avg. plummeted 30.0 cents to $2.300/MMBtu for the week of Aug. 21-25 trading. Nymex natural gas futures also…