Natural Gas Prices

Natural gas futures retreated on Tuesday as traders brushed off a significant drop in production tied to pipeline maintenance. With rain and wind continuing to batter South Texas in the wake of Tropical Storm Harold and a parade of disturbances meandering across the Atlantic, the Nymex September gas futures contract fell 7.2 cents to $2.5650/MMBtu.…

Natural gas basis price differentials at the Waha and Houston Ship Channel (HSC) hubs in Texas narrowed substantially in the first half of this year versus the second half of 2022, according to an Energy Information Administration (EIA) analysis citing NGI data. The return to service of both Freeport LNG and the El Paso Natural…

Natural gas futures retreated on Tuesday as traders brushed off a significant drop in production tied to pipeline maintenance. With rain and wind continuing to batter South Texas in the wake of Tropical Storm Harold and a parade of disturbances meandering across the Atlantic, the Nymex September gas futures contract fell 7.2 cents to $2.560/MMBtu.…

Natural gas futures were higher at the top of the week as searing heat blanketed much of the Lower 48, challenging record power loads and stressing grids. The September Nymex gas futures contract settled Monday at $2.632/MMBtu, up 8.1 cents from Friday’s settlement. October futures climbed 5.2 cents to $2.743. At A Glance: Tropical systems…

Global exploration spending for natural gas and oil prospects, minus the appraisal costs, is set to recover from historic lows as operators “become bolder in the coming years,” according to Wood Mackenzie. Spending by the exploration and production (E&P) sector, minus the appraisal costs, is set to average about $22 billion over the next five…

Following cooler model trends overnight, and with forecasts pointing to moderating weather-driven demand into late August, natural gas futures pulled back in early trading Tuesday. The September Nymex contract was off 5.5 cents to $2.577/MMBtu at around 8:40 a.m. ET. After hotter trends in midday runs on Monday, weather models reversed cooler overnight, according to…

Natural gas futures were higher at the top of the week as searing heat blanketed much of the Lower 48, challenging record power loads and stressing grids. The September Nymex gas futures contract settled Monday at $2.632/MMBtu, up 8.1 cents from Friday’s settlement. October futures climbed 5.2 cents to $2.743. At A Glance: Long-range models…

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

Steady supplies of natural gas – and more infrastructure to deliver it – are vital for the United States to meet steady domestic consumption and elevated global demand for LNG through this decade and beyond.  Such was the prevailing sentiment among industry leaders and analysts who presented last week at the LDC Gas Forums annual…