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Electricity prices in Texas surged to US$6,000 per megawatt hour

Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over

Winter’s Worst Cold Drives February Natural Gas Futures Higher Weather outlooks increased the likelihood of robust heating demand LNG export levels gathered new momentum Cash prices climbed for a third straight day Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over the weekend. The weather outlooks increased the likelihood of robust heating demand the rest of January and into early February, fueling futures. The February Nymex gas futures contract settled at $2.656 on Tuesday, up 5.4 cents d...

Warm Model Trends See Natural Gas Futures Retreat Early With the latest model trends favoring more warmth in the United States over the next two weeks, natural gas futures retreated in early trading Friday. The February Nymex contract was down 7.8 cents to $2.651/MMBtu at around 8:40 a.m. ET. In its latest forecast early Friday, Bespoke Weather Services said the outlook shifted warmer for a third straight day, pointing to “the trend in modeling to slow down the demise” of the positive Eastern Pacific Oscillation signal, associated with warmth in the Lower 48. “This not only has warmed u...

Despite mixed signals from the weather data, evidence of tight balances in the latest government inventory data helped further bolster natural gas futures