Weekly natural gas cash prices advanced as frigid temperatures, cold rains and bouts of snow settled in across the Rockies and neighboring regions, driving early-season heating demand. An early-week cold shot in the Northwest and Mountain West launched a first round of solid demand, and this was immediately followed by another, stronger wintry system that…
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Weekly Natural Gas Spot Prices, Futures Struggle as Production Powers Up, Demand Stalls
Weekly natural gas cash prices limped lower as near-term forecasts pointed to mostly benign weather and production estimates reached the highest on record. NGI’s Weekly Spot Gas National Avg. for the Oct. 16-20 period declined 12.0 cents to $2.190. As the trading week closed, cash hubs across much of the country were in the red.…
Weekly Natural Gas Cash Prices Wobble, Following Futures into Shoulder Season Slump
Weekly natural gas spot prices dropped amid stronger production readings and forecasts for benign temperatures through October and into next month. NGI’s Weekly Spot Gas National Avg. for the Oct. 9-13 period fell 9.5 cents to $2.310. Leading decliners included SoCal Border Avg., down 60.0 cents to $2.490; El Paso S. Mainline/N. Baja, off 62.0…
Weekly Natural Gas Spot Prices, Futures Rally on Production Declines, Northern Chills
Weekly natural gas cash prices powered upward, supporting the futures market in the process, amid bouts of chilly air and production interruptions in the prolific Permian Basin. NGI’s Weekly Spot Gas National Avg. for the Oct. 2-6 period jumped 25.5 cents to $2.405/MMBtu. At the close of the cash market trading week, big gainers included…
NGI’s Proposed Natural Gas Price Index Changes to Take Effect December 1, 2023
In our continuing effort to stay ahead of the changes in physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) proposes to amend the spot market price tables that appear in NGI’s various data services by adding three (3) new locations and making changes to six (6) existing indexes. All proposed…
Warm Weather Puts Pressure on Weekly Natural Gas Prices, but Bulls Propping Up Futures
Natural gas spot prices ended September with a whimper as the majority of U.S. locations slipped into the red amid modest weather-driven demand. Western hubs led the decline as prices there tumbled as much as 49.5 cents week/week, although NGI’s Weekly Spot Gas National Avg. was down far more muted 3.0 cents to $2.150. Futures…
Weekly Natural Gas Spot Prices, Futures Fade Alongside Weather
Weekly natural gas cash prices lost ground amid increasingly benign temperatures and weak cooling demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 18-22 period shed 23.0 cents to $2.180/MMBtu. Conditions during the week shifted in bears’ favor, with comfortable temperatures across much of the North and forecasts…
Weekly Natural Gas Spot and Futures Prices Forge Ahead Amid Hits to Production
Despite falling temperatures in the North and chilly winds from Hurricane Lee in the East, weekly natural gas cash prices advanced amid supply interruptions and lingering cooling demand in the South. NGI’s Weekly Spot Gas National Avg. for the Sept. 11-15 period gained 5.5 cents to $2.410. Conditions during the week remained sultry in the…
Bolstered by Late Summer Heat, Weekly Natural Gas Prices Creep Up Even as Futures Falter
Weekly natural gas cash prices posted a modest late-summer gain as heat festered in key regions, driving enough cooling demand to support the national average to kick off September. NGI’s Weekly Spot Gas National Avg. for the holiday-shortened Sept. 5-8 trading period rose 6.5 cents to $2.355. While forecasts pointed to an easing of the…
Weekly Natural Gas Prices Waver Amid Break from Searing Summer Heat
Weekly cash prices gave up ground amid a reprieve from summer heat in the West and cooler air ushered in by Hurricane Idalia. NGI’s Weekly Spot Gas National Avg. for the Aug. 31-Sept. 1 period slipped 1.0 cent to $2.290. Conditions during the period were impacted by fallout from Idalia’s brief but powerful impact on…