NGI’s Proposed Natural Gas Price Index Changes to Take Effect December 1, 2023

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 prices advanced in July bidweek trading as forecasts called for strong early summer heat to further intensify and cover more of the Lower 48 in the month ahead, offsetting rising production volumes and stout supplies in storage.

Natural gas prices gained upside momentum in June bidweek trading as rising temperatures ignited cooling demand, pipeline maintenance eased and modest storage injections clashed with hints of increasing production.

Natural gas prices slipped lower in May bidweek trading as the month’s expected uptick in cooling demand was upstaged by hefty inventory levels and recent bumpy performances by Gulf Coast LNG terminals.

Natural gas prices were modestly lower in April bidweek trading as the transition from winter to spring signaled milder weather, weakening demand and an end-of-season natural gas supply swelling to the brim.

Natural gas prices retreated in March bidweek trading as signs of declining production were eclipsed by paltry weather-driven demand and lofty levels of supply in storage.