◂ Event Timeline

Dec 6, 2018LOGISTICSUS

Natural Gas is Up, Except Where It’s Down

U.S. natural gas prices rose sharply in November, while the Permian Waha hub in west Texas fell to 25 cents/MMBtu for several hours due to pipeline capacity limits. EIA expects strong production growth to pressure prices lower in 2019.

WHY IT MATTERS

Pipeline bottlenecks create regional price gaps, and EIA's forecast of lower 2019 prices suggests cheaper gas-based energy costs ahead for U.S. processors.

AFFECTSNatural Gas▲

SOURCE
jpt.spe.orgStephen RassenfossDec 6, 2018

Price reaction & history

Natural Gas▲bullishSO FAR1d -4.1%5d -5.3%20d -36.1%

After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.

Aug 10, 2023Natural gas prices are spiking again. Here’s why | CNN Business-12.5%
Oct 18, 2018BC Pipe Explosion Rattles Downstream U.S. Natural Gas Forward Markets-0.6%
Dec 24, 2019New England Natural Gas Prices Hit Two Year High | OilPrice.com-2.4%
Apr 29, 2024Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps+25.8%
Aug 28, 2023Natural Gas Prices Rise As Supply Risks Persist | OilPrice.com+9.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Natural Gas NATGAS · GP ▸

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