NGI Weekly Gas Price Index

It was a tale of two markets in natural gas trading for the week ending April 22. In physical trading most points outside the Northeast had to settle for nominal gains of a nickel to a dime while the Northeast wallowed in losses averaging about a dime. The NGI Weekly Spot gas average rose 2 cents to $1.78.

It was a tale of two markets in natural gas trading for the week ending April 22. In physical trading most points outside the Northeast had to settle for nominal gains of a nickel to a dime while the Northeast wallowed in losses averaging about a dime. The NGI Weekly Spot gas average rose 2 cents to $1.78.

With winter now in the rear view mirror, the ghost of unseasonable warmth reappeared for the week ended April 15. TheNGIWeekly Spot Gas Average fell 11 cents to $1.76 as forecasts were calling for milder than normal spring conditions.

With winter now in the rear view mirror, the ghost of unseasonable warmth reappeared for the week ended April 15. TheNGIWeekly Spot Gas Average fell 11 cents to $1.76 as forecasts were calling for milder than normal spring conditions.

Weekly natgas gains were made possible by solid, though modest improvement across market zones and producing zones for the week ended April 8. The week also saw a futures prompt-month contract close above $2 for the first time in two months.

Weekly natgas gains were made possible by solid, though modest improvement across market zones and producing zones for the week ended April 8. The week also saw a futures prompt-month contract close above $2 for the first time in two months.

Physical natural gas values for the two-day April trading week that ended Friday saw gains nearly across the board, led by the Northeastern region, which was expected to see one last shot of winter cold over the weekend.

At first glance trading for the holiday-shortened week ending March 24 was a lackluster affair, but the reality provided ample fodder for both market bulls and bears. The NGI Weekly Spot Gas Average fell all of a penny to $1.64, and most market points moved within a penny or two of unchanged. Market bears could relax knowing that the stout 19-cent weekly gain recorded the week before enjoyed no followthrough, and market bulls could continue anticipating the rebalancing of the market via lower supplies, higher pipeline exports, and LNG shipments.

For a market mired in layoffs, bankruptcies and diminishing capital expenditures, weekly natural gas prices provided something of a breath of fresh air. For the week ended March 18, theNGI Weekly Spot Gas Average rose a solid 19 cents from last week’s dismal $1.46 to $1.65, and every U.S. point followed by NGI gained at least a dime.