Articles tagged SoCal Citygate

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.

Weather forecasts that called for a sweltering August in California supported baseload natural gas prices in the region on the third day of bidweek trading (July 29), NGI’s Bidweek Alert (BWA) showed.

August natural gas futures were selling off through midday Monday ahead of their expiry at the end of the day, matching a similar decline in Henry Hub cash markets.

Weekly natural gas cash prices retreated amid seasonally mild temperatures in key sections of the Lower 48 and strong national production.

August natural gas futures were trading lower through midday Friday as competing fundamentals and the contract’s Monday expiry juiced volatility.

Natural gas futures slumped lower for a third straight session on Thursday, hindered by a bearish storage print relative to expectations and elevated supply levels overall.