Natural gas market trends, storage fundamentals, NYMEX price activity, and relevant news impacting natural gas prices.
Natural Gas – Week In Review Natural gas report week, April 7, 2022. It was an interesting week as far as natural gas goes. Production was up and demand was down over last week. Remember, it was just last week that fundamentals aligned to produce the first injection of the year. This week similar fundamentals …
Natural Gas – Week In Review Natural gas report week, March 31, 2022. This week April moved off the board at $5.336/Dth, the highest April close since 2008 when the month settled at $9.578/Dth. May, now the prompt month, has shown no signs of losing steam, opening today at $5.62/Dth. This week also brought the …
Natural Gas – Week In Review It’s natural gas report week, March 24, 2022 and there’s one week left in withdrawal season. We’re at the time of year when, typically, temperatures grow warmer, weekly storage withdrawals turn to injections, and prices settle down. But if the last few years have taught us anything, it’s that …
Natural Gas – Week In Review Natural gas report week, March 17, 2022 brought higher prices for natural gas futures and, thankfully, a slight drop in crude oil prompt month prices. With international prices declining, domestic markets returned their attention to shifting weather forecasts now pointing to cooler temperatures for the next two weeks. While …
Natural Gas – Week In Review Natural gas report week, March 10, 2022 saw continued volatility in both international and domestic energy markets. Nonetheless, natural gas markets trended down on warm weather forecasts and declining demand. So at a time when we can all use a little bit of good news, it seems the end …
Natural Gas – Week In Review Natural gas report week, March 3, 2022 was marked by climbing energy prices amid continued conflict in Ukraine. Domestic natural gas front-month futures increased for the third week in a row while international prices skyrocketed. Even though sanctions directed at Russia have yet to touch their energy industry and …
Natural Gas – Week In Review Looking back at natural gas report week, February 24, 2022, March moved off the books on Thursday, settling the month at $4.568/Dth, the highest March settle since 2014 when a polar vortex lingered over North America, bringing historically cold temperatures through April. While prices have, on average, been higher …
Natural Gas – Week In Review Prices reversed course and are on the rise once again for natural gas report week, February 17, 2022. There’s a saying commonly heard in Northwest Ohio this time of year: “Don’t like the weather? Wait a minute. It will change.” Indeed, the last week brought everything Mother Nature had …
Natural Gas – Week In Review Prices fell across natural gas report week, February 10, 2022 giving up much of their gains from the prior two weeks. This week’s draw from storage of 222 Bcf fell in line with projections and drove the current deficit to the five-year average to 444 Bcf. Nonetheless, with only …
Natural Gas – Week In Review Natural gas report week, February 3, 2022 was marked by the same volatility that has fueled natural gas markets since the second half of 2021. Aggravated by forecasts of a substantial winter storm reminiscent of last year’s deep freeze at nearly the same point into the year, both spot …
Natural Gas – Week In Review The headline for natural gas report week, January 27, 2022 is most certainly February’s dramatic settle at $6.265. The rally, which set the record for the largest single day gains (46%) in recorded history, followed EIA release of weekly storage numbers. Although the draw of 219 Bcf exceeded both …
Natural Gas – Week In Review Prices retreated across natural gas report week, January 20, 2022 on moderating forecasts and easing global supply concerns. Despite the EIA’s report of a 206 Bcf withdrawal which was the largest to this point in withdrawal season and also exceeded the five-year average net withdrawals of 167 Bcf and …
Natural Gas – Week In Review Natural gas report week, January 13, 2022 saw prices jump following a week of increased consumption driven by winter temperatures. Prices continued their climb on Wednesday immediately after the EIA’s report of a 179 Bcf withdrawal from storage, however that trend reversed course from Wednesday to Thursday despite forecasts …
Natural Gas – Week In Review Natural gas report week, January 6, 2022 was marked by a small withdrawal from storage of 31 Bcf which was notably below analysts’ expectations that averaged 49 Bcf. It was also well below last year’s draw for the same week (127 Bcf) and the five-year average withdrawal of 108 …
Natural Gas – Week In Review Please note, due to holiday schedule changes in the release of some EIA storage data, this week’s report is an abridged version. Full publication will resume next week. Have a safe and Happy New Year! Near Term Key Points Weather – NOAA’s 8-14 day outlook shows average to below-average …
Natural Gas – Week In Review Natural gas report week, December 23, 2021 saw the overall storage deficit to the five-year average erased with a withdrawal of 55 Bcf. Decreased consumption for heating, forecasts for mild temperatures, power generation demand offsets from increased wind generation, and retreating European markets contributed to a drop in domestic …
Natural Gas – Week In Review It was more of the same as the week before for natural gas report week, December 9, 2021. With production steady, demand largely unchanged, and temperature forecasts looking more like spring than winter, the market remained ambivalent even as international prices pressed record highs. Can we reasonably anticipate the …
Natural Gas Price Analysis Declining prices marked natural gas report week, December 2, 2021 as weather reclaimed its place as primary driver for winter natural gas prices. With the next month of winter forecasts trending above-average, will the bulls find little more than a disappointing lump of coal waiting for them? A Winter Preamble Before …
Natural Gas Price Analysis Throughout natural gas report week, November 18, 2021, prices continued to slide amid another post-injection season build, yielding a 26 Bcf addition to storage. The bearish market response persisted despite a week-over-week 11.8% (2.9 Bcf/d) increase in heating demand alongside a 1.1 Bcf/d drop in production. However, international prices are on …
Natural Gas Price Analysis Natural gas report week, November 11, 2021 brought a second consecutive week of considerable price retreats alongside increasing production which has continued keep pace with growing heating demand. As a result, injection season lived to see another week with a 7 Bcf addition to storage. Despite the continued builds, prices have …