Natural Gas Prices

Negotiations to avert labor strikes at Woodside Energy Ltd.’s North West Shelf LNG export facility and Chevron Corp.’s Wheatstone and Gorgon facilities continued Friday. Another round of negotiations between the Offshore Alliance and the companies is scheduled for Tuesday (August 15). Talks over wages and working conditions have continued for months. The facilities can produce a combined 40 million metric tons/year of LNG, representing about 10% of global capacity.

In one fell swoop, September natural gas futures erased most of the 25-cent price increase they had amassed over the past three days after a bullish government inventory report. The prompt month Nymex gas futures contract settled Thursday at $2.763/MMBtu, down 19.6 cents day/day. Spot gas prices also softened, sending NGI’s Spot Gas National Avg.…

After see-sawing the previous two sessions, natural gas futures were flat in early trading Friday as traders continued to mull late-summer balances following the latest release of weekly government inventory data.  The September Nymex contract was up 0.1 cents to $2.764/MMBtu at around 8:30 a.m. ET. The front month plunged 19.6 cents on Thursday, with…

In one fell swoop, September natural gas futures erased most of the 25-cent price increase they had amassed over the past three days after a bullish government inventory report. The prompt month Nymex gas futures contract settled Thursday at $2.763/MMBtu, down 19.6 cents day/day. At A Glance: 29 Bcf injection surpasses estimates Surplus tightening still…

North American natural gas futures had a volatile week as global supply worries and strong heat pushed futures closer to $3.00/MMBtu. A bearish storage print amid plump U.S. production then saw the September New York Mercantile Exchange gas futures contract settle Thursday at $2.763, down 19.6 cents day/day. Natural gas futures across North America and…

An overall bullish week for natural gas markets saw regional forwards rally sharply from coast to coast during the Aug. 3-9 trading period, while a mix of strong demand and supply constraints helped drive outsized gains for the western Lower 48, NGI’s Forward Look data show. National benchmark Henry Hub set the pace for sizable…

European natural gas prices fell Thursday after the dust settled from Wednesday’s rally over supply concerns tied to potential strikes at LNG terminals in Australia that are likely to keep the market more volatile until labor negotiations are resolved. The prompt Title Transfer Facility (TTF) contract closed 7% lower to finish just shy of $12/MMBtu…

Natural gas prices crept up in July — boosted by heat waves and stronger cooling demand — but remained far below year-earlier levels. Overall U.S. inflation followed a similar trajectory, with key energy costs playing an outsized role in driving the headline figure. The U.S. Department of Labor said Thursday its Consumer Price Index (CPI)…

The Energy Information Administration (EIA) said natural gas storage inventories rose by 29 Bcf for the week ending Aug. 4. The larger-than-expected injection sent futures prices, already more than 5.0 cents lower day/day, tumbling further. At A Glance: BREAKING: EIA reports 29 Bcf storage injection Weather models continue to cool Spot gas rises amid pipe…