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…

NGI Completes Annual Price Index Audit

Natural Gas Intelligence (NGI), a leading Price Reporting Agency (PRA) covering the North American natural gas market since 1981, has successfully completed its annual audit for 2023 pertaining to the processes and procedures for compiling NGI’s Daily, Weekly and Monthly (Bidweek) natural gas price indexes. NGI is proud to announce that no exceptions were found.…

April 3, 2024

April Natural Gas Bidweek Prices Trip Lower as Spring Season Deflates Demand

Natural gas prices were modestly lower in April bidweek trading as the transition from winter to spring signaled milder weather, weakening demand and an end-of-season natural gas supply swelling to the brim. NGI’s April Bidweek National Avg. fell 19.5 cents month/month to $1.310/MMBtu. That was down from $2.180 a year earlier. Trading for the latest…

April 1, 2024

March Bidweek Natural Gas Prices Drop as Weak Weather Overshadows Production Cuts

Natural gas prices retreated in March bidweek trading as signs of declining production were eclipsed by paltry weather-driven demand and lofty levels of supply in storage. NGI’s March Bidweek National Avg. fell $1.710 month/month to $1.505/MMBtu. That was down from $2.870 a year earlier. Trading for the latest bidweek period spanned Feb. 23, 26 and…

March 1, 2024

February Natural Gas Bidweek Prices Mixed Amid Demand Downshift, Production Hits

Strengthening but still lower production intersected with spring-like weather during February bidweek trading. Natural gas prices varied by region as a result, with swaths of the country impacted by lower supply and posting gains, and others reporting declines amid waning heating demand. Fresh concerns about the durability of the United States’ increasingly prominent LNG export…

February 1, 2024