Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.
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May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat
Natural gas prices slipped lower in May bidweek trading as the month’s expected uptick in cooling demand was upstaged by hefty inventory levels and recent bumpy performances by Gulf Coast LNG terminals. NGI’s May Bidweek National Avg. fell 7.0 cents month/month to $1.240/MMBtu. Trading for the latest bidweek period spanned April 24, 25 and 26…
Natural Gas Futures Slip Back Below $2 as Freeport’s Restart Questioned; Cash Prices Rise
Natural gas futures gave up early gains on Tuesday, trading down more than 13 cents from the day’s high as doubts about Freeport LNG’s recovery lingered and markets braced for bearish monetary policy news Wednesday. At A Glance: Freeport ramps to 38% capacity Production falls to 96.9 Bcf/d Northeast leads cash gains The June Nymex…
Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps
Natural gas futures pushed higher on Monday, boosted by a full restart of Freeport LNG’s third train, supply interruptions in the Permian Basin and expectations for a below-average storage injection. At A Glance: June takes over as front month Freeport restarts third train NGI models 56 Bcf injection The June Nymex contract settled 10.7 cents…
Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble
Weekly natural gas cash prices gained ground on the back of strong gains in West Texas in a week that was marked by stronger LNG feed gas flows and modestly higher weather-driven demand. NGI’s Weekly Spot Gas National Avg. for the April 22-26 trading period climbed 9.5 cents to $1.230/MMBtu. Among the top weekly gainers,…
May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall
Natural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations for summer’s heat to arrive. At A Glance: May Nymex rolls off board LNG exports…
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
Natural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down Following a nearly 16-cent decline, the May Nymex contract settled down 1.5 cents day/day at…
May Natural Gas Futures Shake Off Plump Build to Narrow Declines
The latest natural gas storage report by the U.S. Energy Information Administration (EIA) surprised the market with a bigger-than-expected 92 Bcf injection for the week ended April 19. Natural gas futures initially responded by trading lower before narrowing their day/day decline. The May Nymex contract was trading 3.6 cents lower day/day at around $1.617/MMBtu in…
Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders
More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday. At A Glance: Freeport LNG Train 3 trips EQT sees curtailments through May Analysts expect above-average build The May Nymex contract dove around 10.0 cents in the…
Natural Gas Futures Climb for Second Day as Maintenance Sends Output Lower
Natural gas futures finished higher Tuesday after a choppy session that began in the red, supported by a rebound in U.S. LNG exports and a blitz of pipeline maintenance that sent gas production estimates lower. At A Glance: West Texas prices flip positive MVP pipeline ready to start in May Production falls below 97 Bcf/d…
Natural Gas Futures Get Boost from Freeport Restart, Cool Weather-Driven Demand
Natural gas futures resumed their climb on Monday, buoyed by a recovery in Gulf Coast LNG feed gas demand above 12 Bcf/d and Lower 48 gas production staying subdued. A jump in Henry Hub cash prices also added support. At A Glance: NGI estimates 86 Bcf injection Freeport restarts LNG exports Production at 98.2 Bcf/d …