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April Chills Bring Shoulder Season Gains for Natural Gas Forward Prices April chills brought higher futures prices and modest shoulder season gains for natural gas forwards throughout the Lower 48 during the trading week ending April 14, according to For the April 8-14 period, fixed prompt-month prices at Henry Hub added 10 cents to average $2.619/MMBtu. Stronger prices at the national benchmark, which paralleled gains in Nymex futures, set the pace for fixed price increases of around a dime at numerous hubs throughout the Lower 48 during the week, Forward Look data show. In the Midwest, Chicago Citygate May fixed prices picked up 11 cents to trade at $2.540, while in the Northeast, Algonquin Citygate added 13 cents to reach $2.148. In the Rockies and Northwest, Cheyenne Hub May fixed prices tacked on 13 cents to trade at $2.423, while Northwest Sumas added 13 cents to reach $2.458. ....
Natural Gas Forwards Hibernating as Mild Spring Weather Takes Hold Natural gas forward markets remained quiet as they closed out March, with near-record export demand going head to head with generally weak domestic demand. The May contract, which took over the prompt-month position on Tuesday, finished the period ending Wednesday (March 31) essentially flat from where it averaged on March 25, according to NGI’s Forward Look. Similarly stable prices were seen across the forward curves, with most contracts shifting only a few cents in either direction. The sleepy action in forward markets mirrored what was seen along the Nymex gas futures curve. Mobius Risk Group pointed out that Wednesday’s trading range for the May futures contract was slightly more than 8 cents wide, yet ultimately resulted in only a 1.5-cent change on the day. The Houston-based firm also noted that coincidentally or not, Wednesday’s closing price was right on top of the last trade for the ....
LNG Demand Drives Small Gains for U.S. Natural Gas Forward Prices, but Warm Temps Soften Northeast Curves naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
Mexico Natural Gas Market Eyeing Agua Dulce Forward Curves Ahead of Peak Summer Season naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years..the 52 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 65 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and was also less than 72 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and less than the average withdrawal of 89 billion cubic feet of natural gas that have been pulled out of ....