Story of the day
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
Markets
Permian Natural Gas Forward Prices Plummet; Other Markets Seeing Basis Improvement
Natural gas forward prices pushed modestly higher at the front of the curve during the March 14-20 trading period, particularly in the Northeast and Appalachia, data from NGI’s Forward Look show. Meanwhile, spring contracts at hubs near the congested Permian Basin struggled under the weight of weak near-term fundamentals. Fixed prices for April delivery at…
March 21, 2024Natural Gas Prices
Selling Weighted to Front of Natural Gas Forward Curves on Weak Near-Term Fundamentals
Against a backdrop of soft near-term fundamentals, exceptionally weak spot market pricing and plummeting Nymex futures, regional natural gas forwards came under widespread bearish pressure during the March 7-13 trading period, NGI’s Forward Look data show. For a market still threading the needle between near-term oversupply and anticipated future demand growth, selling was weighted toward…
March 14, 2024Markets
Appalachian Natural Gas Forward Curve Responds to EQT Cuts
Regional natural gas forwards generally pushed higher at the front of the curve during the Feb. 29-March 6 trading period as ebbing production strengthened the price outlook for a market dealing with excess supply exiting winter, NGI’s Forward Look data show. Fixed prices for April delivery at benchmark Henry Hub added 4.0 cents for the…
March 7, 2024Natural Gas Prices
Natural Gas Forward Curves Strengthening for 2024 Amid Signs of Weaker Production
Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…
February 29, 2024Trending News
Markets
Permian Natural Gas Forward Prices Plummet; Other Markets Seeing Basis Improvement
Mar 21, 2024Natural Gas Prices
Selling Weighted to Front of Natural Gas Forward Curves on Weak Near-Term Fundamentals
Mar 14, 2024Natural Gas Prices