Updated Sep 25, 2024
9/25/24
Managing Director, North American Natural Gas Pricing
Houston, TX
Expectations of cooler weather beginning this month along with stubbornly strong production and plump storage levels resulted in lower natural gas prices for September baseload delivery.
The natural gas market has tossed on a light sweater and officially turned the page on summer, sending prices lower across the forward curve, according to NGI’s Forward Look.
Conditions are ripening for more storms to develop in the Atlantic basin by the end of this month, with storms likely to continue well into November, according to AccuWeather.
The natural gas market has tossed on a light sweater and officially turned the page on summer, sending prices lower across the forward curve, according to NGI’s Forward Look.
Natural gas forward basis prices slumped during the July 25-31 trading period, weighed down by a cooling August forecast, robust production and stubbornly high storage inventories. September basis dropped by an average 7.5 cents through the period, with the western United States leading the declines, according to NGI’s Forward Look.
Natural gas forward basis prices slumped during the July 25-31 trading period, weighed down by a cooling August forecast, robust production and stubbornly high storage inventories. September basis dropped by an average 7.5 cents through the period, with the western United States leading the declines, according to NGI’s Forward Look.
The fairytale for the natural gas market is likely going to be a 2025 story as robust production and choppy demand continued to weigh down forward prices during the July 11-17 trading period, according to NGI’s Forward Look.
The fairytale for the natural gas market is likely going to be a 2025 story as robust production and choppy demand continued to weigh down forward prices during the July 11-17 trading period, according to NGI’s Forward Look.
Impressive heat in the forecast for the second half of June sparked a rally in the natural gas forwards markets from June 6-12, with double-digit gains spread across most of the Lower 48, according to NGI’s Forward Look.
Impressive heat in the forecast for the second half of June sparked a rally in the natural gas forwards markets from June 6-12, with double-digit gains spread across most of the Lower 48, according to NGI’s Forward Look.