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Weekly Natural Gas Spot Prices, Futures Advance Amid Lighter Production, Looming Demand
Markets
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,…
April 26, 2024Markets
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip
Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity. NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…
April 19, 2024Markets
Negative West Texas Prices Weigh Down Weekly Spot Natural Gas Average; Futures See-Saw
Despite bullish national production readings, weekly natural gas cash prices retreated alongside a West Texas supply glut and festering headwinds in the region. NGI’s Weekly Spot Gas National Avg. for the April 8-12 period lost 25.0 cents to $1.210/MMBtu. West Texas prices, as they did the prior week, proved the principal source of weakness. Waha…
April 12, 2024Markets
Weekly Natural Gas Spot Prices, Futures Uneven Amid Mixed Fundamentals
Weekly natural gas cash prices gained ground overall amid a rash of chilly northern temperatures, but pockets of weakness, particularly in West Texas, tempered the advance. NGI’s Weekly Spot Gas National Avg. for the April 1-5 period rose 16.0 cents to $1.460/MMBtu. As the trading week culminated, leading gainers included Michigan Consolidated, up 25.0 cents…
April 5, 2024Recent News
