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Daily Prices

9/25/24

Natural Gas Futures Sink as Demand Seen Lower, but Return to Upside Expected — MidDay Market Snapshot

By Jodi Shafto

on
Published in: MidDay Price Alert Filed under:

October Nymex natural gas futures floated from gains to losses during Tuesday afternoon trading. The market was caught between prospects of significant demand destruction and production shut-ins as Tropical Storm Helene formed over the Caribbean. Cash prices were mixed by varied demand.

Transco Zone 5 MidDay gas prices chart depicting natural gas market trends with a focus on trading hub activities at the US natural gas index.

Here’s the latest:

  • Prompt month futures down 5.6 cents at $2.557/MMBtu as of 2:20 p.m. ET, while moving from $2.540-2.674
  • NGI’s Spot Gas National Avg. up 4.0 cents to $2.125, MidDay Price Alert data shows
  • Storm’s demand-sapping threat stalls additional gains

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Jodi Shafto

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.