Page 3 - Commodity Price News Today

Analysts for S&P Global Commodity Insights have been pouring over the forward prices for natural gas contracts in 2024 and the news is not good. Traders actively bidding on forward contracts in 2024 have priced natural gas below $4/MMBtu. In the forwards market, the summer 2024 strip was $2.45/MMBtu as of Jan. 22, after spending

Just one week ago, the price of natural gas, both the futures price and spot (physical) price, jumped --- in some cases by four times in the space of just a couple of days (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices 4X). And just as quickly as the price

BMI, a Fitch Solutions company, recently provided a price forecast for the Henry Hub gas price all the way out to 2028. BMI's forecast is much rosier than others we've read. The U.S. Energy Information Administration (EIA) recently predicted the Henry Hub price will average under $3/MMBtu in both 2024 and 2025. BMI, on the

Well, that didn't take long. Yesterday we told you about the huge jump in the price of natural gas, both the futures price and the spot (physically traded) price, due to the brutal cold snap much of the country is currently experiencing (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices

U.S. natural gas and power prices hit multi-year highs on Friday with the prospect of frigid temps and snow storms in various portions of the country. The extreme cold was expected to bring record gas demand and cut supplies by freezing wells. The spot price of natural gas at various trading hubs from the West

The U.S. Energy Information Administration (EIA) published a post yesterday on the agency's newly revamped Today in Energy website to announce it expects the Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025. What joyous news (not). The post explains the reasoning and thinking of EIA analysts and why they

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. The EIA issued the January STEO yesterday. Among its latest predictions is that the growth rate for natural gas production will slow this

Yes, we've noticed. The Henry Hub NYMEX futures price for natural gas soared yesterday. It has been on an upward trend for the last six trading days in a row. Yesterday, the NYMEX price jumped $0.21 (6.6%) to close at $3.19 per MMBtu. Spot (physical) prices have also moved higher. What's causing it? And will

EQT CEO Toby Rice appeared on CNBC's 'Money Movers' program last Friday to discuss what he expects for natural gas prices this year, what lower natural gas production means for EQT, and more. It was an interesting segment (watch it below; it is just four minutes long). Rice said, among other things, that a key

The U.S. Energy Information Administration (EIA) is out with official numbers for 2023 concerning the price of natural gas traded at the benchmark Henry Hub in southern Louisiana. The Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price. Bear