Articles tagged SoCal Citygate

Natural gas forward prices strengthened at the front of the curve over the Sept. 5-11 trading period as traders baked in crisp autumn air taking hold in the Northeast and a massive new pipeline relieving trapped supply in the Permian Basin.

Natural gas forward prices strengthened at the front of the curve over the Sept. 5-11 trading period as traders baked in crisp autumn air taking hold in the Northeast and a massive new pipeline relieving trapped supply in the Permian Basin.

Natural gas futures powered forward on Thursday, bolstered by anemic government inventory data and lighter production readings that could further support supply/demand balances.

Natural gas emissions continue to decline, but providing transparency about the methane intensity is an increasingly important selling point for many buyers, according to experts.

Blistering heat through much of the summer and limited supply flowing west from the Permian Basin kept storage injections in the Pacific region in check, helping to dramatically dwindle a once-massive surplus of natural gas.

Against a backdrop of solid demand, possible production cuts and potentially modest August storage injections, natural gas forward prices during the Aug. 1-8 trading period found room to move higher.

Pacific inventories of underground natural gas remain elevated relative to historical norms – but far less so than any other region.

Natural gas prices mostly lost ground in August bidweek trading as rising production volumes and stout supplies in storage undercut the impact of forecasts for a sweltering end to the summer.

Natural gas futures, suppressed for most of July amid stronger production and supply surpluses, finished the month on a sour note.

As weather forecasts trimmed more demand from the mid-August outlook, natural gas futures continued to move lower through midday trading Wednesday.