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March Natural Gas Expires Lower as Warmth Dominates Weather Forecasts A reversion back to the warm weather pattern that has dominated most of the winter sank March natural gas prices a little more as it rolled off the board. The March Nymex gas futures contract slipped 2.5 cents, expiring at $2.854. The incoming prompt April contract fell a steeper 6.2 cents to $2.795. Spot gas prices were mixed again. NGI’s Spot Gas National Avg. dropped 2.5 cents to $2.750. For all the hype about volatility in the March contract ahead of its expiration, price action actually quieted down Wednesday. The pr...

Colder Weather, Strength in Cash Prices Fuel Surge in February Natural Gas Futures Futures rebounded on increases in expected heating demand  LNG export volumes recovered after declines the prior week Cash prices climbed amid a fresh round of winter storms After a bruising run a week earlier, natural gas futures rebounded Monday on substantial increases in expected heating demand over the weekend and a fresh bout of winter weather settling in across parts of the Midwest on Monday. The February Nymex gas futures contract jumped 15.6 cents day/day and settled at $2.602. The prompt month had dr...

Dissipating Cold Leads to Sharp Decreases for Weekly Natural Gas Cash A trio of winter weather systems tracked across the Lower 48 this week, but none failed to induce enough widespread cold to boost demand in the final week of 2020.  Weekly natural gas cash market prices posted big losses across most of the country, with NGI’s Weekly Spot Gas National Avg., which covers gas traded Monday through Wednesday for delivery through Thursday, Dec. 31, tumbling 26.0 cents to $2.530.  On Wednesday, a winter storm brought snow to the northern parts of Texas, and drenching rains and ice in other ar...

January Natural Gas Expires Higher as LNG Fuels Rebound; Cash Mixed Solid LNG demand sparks big turnaround for expiring January Nymex contract Weather still bearish through mid-January Chilly weather systems boost some cash markets On a day of heightened volatility, the January Nymex natural gas futures contract rebounded sharply ahead of expiration as robust liquefied natural gas (LNG) demand took center stage. Though a full recovery from Monday’s steep sell-off proved difficult, the January contract expired a whopping 16.2 cents higher at $2.467. The February contract, which takes over th...

January Natural Gas at $2.30 After Weather Data Crushes Hopes for Cold Natural gas futures tumble as weather models turn increasingly mild LNG demand still strong as global gas prices remain near multi-year highs Cash prices plummet amid lackluster demand Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from the 15-day outlook. With any opportunity for truly cold weather not expected before the middle of next month, the January Nymex gas futures contract settled Monday at $...