Weekly natural gas cash prices gave up ground amid a late week pullback at Western hubs, though price momentum elsewhere proved strong amid production declines and forecasts for widespread cold in coming days. NGI’s Weekly Spot Gas National Avg. for the Feb. 28-March 3 period slipped 23.5 cents to $3.535. Warming conditions from California to…
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NGI’s Natural Gas Price Index Changes to Take Effect April 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) is amending the spot market price tables that appear in NGI’s various data services by adding one (1) new location, making changes to three (3) existing indexes, and ceasing to publish…
Weekly Natural Gas Cash Prices Impacted by Winter Storms; Futures Find Footing in Freeport
A powerful winter storm delivered a swift kick to spot natural gas prices on the West and East coasts during the Feb. 21-24 work week, fueling multi-dollar gains amid heavy snow and rain and gusty winds. With moderate losses elsewhere of less than 30 cents or so, NGI’s Weekly Spot Gas National Avg. ultimately finished…
Natural Gas Weekly Cash Strengthens on Passing Cold; Futures Fall as Storage Surplus Balloons
Spot gas prices were range bound across most of the country during the Feb. 13-17 trading week, but there were some big movers as temperatures plunged into the country’s midsection and headed east. NGI’s Weekly Spot Gas National Avg. climbed 14.0 cents to $2.825. Futures action failed to inspire similar strength. By Friday, prices had…
Natural Gas Weekly Cash Prices Plummet in Wake of Winter Storm, but Futures Look for Bottom
Spot natural gas prices weakened from Feb. 6-10 as temperatures thawed considerably following an early-February Arctic blast. Though pockets of chilly weather remained, losses upward of $20 in the Northeast drove NGI’s Weekly Spot Gas National Avg. down $3.570 to $2.685. Nymex natural gas futures, meanwhile, ticked up a few cents throughout the period as…
Sub-Zero Temps Fuel Record Natural Gas Cash Prices, but Quick Warm-Up Sends Futures Floundering
February got off to a wild start in the natural gas spot market during the Jan. 31-Feb. 3 trading week. Parts of the Northeast saw prices surge to record highs, all to come crashing down the very next day. When the dust settled, NGI’s Weekly Spot Gas National Avg. climbed $1.375 to $6.255/MMBtu. Nymex natural…
Weekly Natural Gas Spot Prices, Futures Struggle Amid Elusive Demand, Stout Production
Weekly cash prices skidded lower amid solid production and light heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Jan. 23-27 period fell 61.0 cents to $4.880. As the trading week closed, Algonquin Citygate was down 45.5 cents to $3.755, while Kingsgate was off 33.5 cents to $2.960…
Weekly Natural Gas Prices, Futures Fall Amid Seasonally Soft Demand, Robust Production
Weekly natural gas cash prices and futures descended in tandem during a holiday-shortened stretch of trading defined by benign weather, weak demand and stout production. With traders focused on supply/demand imbalance, NGI’s Weekly Spot Gas National Avg. for the Jan. 17-20 period slid 8.5 cents to $5.490. At the close of a trading week that…
Brief Cold Snap Lifts Natural Gas Cash Prices, but Overall Warm January Continues to Weigh on Futures
With a brief cold snap penetrating deep into Texas this week, natural gas spot prices were mixed as demand increased as heating loads rose in key markets. NGI’s Weekly Spot Gas National Avg. climbed 11.5 cents from Jan. 9-13 to $5.575/MMBtu. Nymex natural gas futures, meanwhile, failed to break out of the sub-$4 range it…
NGI’s Proposed Natural Gas Price Index Changes to Take Effect April 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 one (1) new location, making changes to three (3) existing indexes, and ceasing to…