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Steamy Summer Drives Big Gains for Weekly Spot Natural Gas Prices; Nymex Surges Past $4
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Weekly Natural Gas Prices Grind Higher, Bolstered by Robust Demand in the West
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Changes in regional and global natural gas pricing, along with the transition to low-carbon energy, are creating challenges and opportunities for large natural gas buyers in North America, a panel of experts agreed Wednesday (July 21). The discussion at the LDC Gas Forums-Northeast event in Boston came a day before prompt-month Henry Hub prices surpassed… Markets In a sign that the energy industry’s recovery from Covid-19 remains choppy, monthly trading for natural gas pipeline capacity releases reversed course, soaring 178% in June, according to the latest figures from The Capacity Center. The jump was a massive improvement from May, when monthly transactions plunged 70% from April levels, the data services company’s…
Heat, Supply Disruptions Send Global Natural Gas Prices Higher - LNG Recap
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Steady Cooling Demand Propels Double-Digit Gain in Weekly Natural Gas Cash Prices
Weekly natural gas cash prices forged ahead as heat radiated across much of the Lower 48, keeping air conditioners humming.
NGI’s Weekly Spot Gas National Avg. for the July 12-16 period advanced 10.5 cents to $3.615.
Demand was fueled during the week by hot upper high pressure that held over the East most of the week with highs of mid-80s to 90s. It was also hot over the West, Texas and the Plains, with highs ranging from the 90s to 110s, NatGasWeather said.
A weather system lingered over the Great Lakes and Ohio Valley with showers and highs of 70s to 80s, for locally lighter demand, but it was not enough to curb national momentum.