{"id":972,"date":"2025-09-30T15:56:00","date_gmt":"2025-09-30T12:56:00","guid":{"rendered":"https:\/\/thinkvd.biz.ua\/exidea\/?p=972"},"modified":"2025-10-08T14:02:47","modified_gmt":"2025-10-08T13:02:47","slug":"natural-gas-price-ngf-slides-to-2-83","status":"publish","type":"post","link":"https:\/\/exideareview.com\/?p=972","title":{"rendered":"Natural Gas Price (NG=F) Slides to $2.83"},"content":{"rendered":"\t\t
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Natural Gas Price (NG=F) Slides to $2.83 as Mild Weather, Oversupply, and Negative Cash Hubs Pressure Prices<\/h2>
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Futures lost 2.4% on Friday, extending a three-week decline, even as November contracts touched $3.21. With Henry Hub at $2.83, Turkey pricing $344.80 per 1,000 cubic meters, and leveraged ETFs BOIL and KOLD diverging, the market sits in a fragile balance ahead of winter demand | That's TradingNEWS<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Natural Gas Futures (NG=F) Slip to $2.83 as Mild Weather Caps Early Heating Demand<\/em><\/strong><\/h5>

U.S. natural gas futures finished the week under pressure, with October delivery contracts on the New York Mercantile Exchange settling at\u00a0$2.835 per MMBtu<\/strong>, a decline of 6.9 cents or 2.4% on Friday. The move erased part of the midweek rally that briefly lifted November contracts above\u00a0$3.20 per MMBtu<\/strong>, their highest in two months. For September as a whole, the front-month contract lost nearly 8% after consecutive weekly declines of 2% and 4%. The weakness reflects warmer-than-expected forecasts that extend through\u00a0October 11<\/strong>, delaying the seasonal demand pickup for natural gas used in heating. Futures markets remain stuck in a trading band between $2.83 and $3.21, awaiting a catalyst from weather or storage data to break directionally.<\/p>

Turkey\u2019s Spot Market Pegs Natural Gas at \u20ba14,340.43 per 1,000 Cubic Meters, Equivalent to $344.80<\/em><\/strong><\/h5>

The Turkish Energy Exchange Istanbul (EXIST) reported that 1,000 cubic meters of natural gas was priced at\u00a0\u20ba14,340.43<\/strong>\u00a0on September 27, translating to roughly\u00a0$344.80<\/strong>\u00a0at the exchange rate of\u00a0\u20ba41.58 per U.S. dollar<\/strong>. Trade volumes fell 10.4% day-on-day to\u00a0\u20ba8.76 million<\/strong>, equating to about\u00a0612,000 cubic meters<\/strong>\u00a0transacted. While the spot benchmark is little changed from \u20ba14,334.35 on September 26, it remains below the September 23 high of \u20ba14,432.87. T\u00fcrkiye imported about\u00a0100.69 million cubic meters of pipeline gas<\/strong>\u00a0that same day, underscoring the country\u2019s reliance on steady inbound supply even as local market turnover cools.<\/p>

Negative Cash Prices at Waha and AECO Reflect Ongoing Infrastructure Strains<\/em><\/strong><\/h5>

Regional price dislocations in North America are intensifying. At the\u00a0Waha Hub in Texas<\/strong>, cash gas values fell into negative territory for the 12th time this year, while at\u00a0Alberta\u2019s AECO Hub<\/strong>, average prices turned negative for the first time in 2025 and set fresh record lows across four consecutive sessions. Pipeline constraints, maintenance, and limited takeaway capacity have left producers with localized oversupply despite robust national demand. These negative prints stand in stark contrast to Henry Hub\u2019s\u00a0$2.83 per MMBtu<\/strong>\u00a0benchmark, highlighting how infrastructure bottlenecks can distort pricing and reduce realized revenue for producers.<\/p>

Production and Storage Trends Point to Comfortable Supply Ahead of Winter<\/em><\/strong><\/h5>

U.S. natural gas production in the Lower 48 states averaged\u00a0107.4 billion cubic feet per day in September<\/strong>, easing slightly from the record 108.3 bcfd in August. On Friday, daily output dropped to\u00a0106.3 bcfd<\/strong>, an 11-week low, but still near historic highs. This year\u2019s elevated output allowed utilities to inject more gas into storage than usual, leaving inventories\u00a06% above the five-year seasonal average<\/strong>\u00a0heading into October. With stocks already elevated, futures markets see limited urgency to bid up prices unless demand ramps sharply.<\/p>

Hurricane Humberto Strengthens but Avoids Gulf Energy Assets<\/em><\/strong><\/h5>

The U.S. National Hurricane Center noted that\u00a0Hurricane Humberto<\/strong>\u00a0is expected to strengthen into a major hurricane as it tracks between Puerto Rico and Bermuda. Meanwhile, a tropical wave near the Bahamas carried a\u00a090% probability of cyclone development<\/strong>\u00a0over the next seven days. Neither system is projected to enter the Gulf of Mexico, sparing LNG terminals and offshore production sites from direct hits. Historically, storms can pressure natural gas prices by disrupting demand through power outages and curbing LNG exports, outweighing the bullish supply-side risks from production cuts. Traders are watching closely, but for now the storms appear more bearish than bullish for pricing momentum.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Natural Gas Price (NG=F) Slides to $2.83 as Mild Weather, Oversupply, and Negative Cash Hubs Pressure Prices Futures lost 2.4% […]<\/p>\n","protected":false},"author":2,"featured_media":977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[7],"tags":[],"class_list":["post-972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading_news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/exideareview.com\/index.php?rest_route=\/wp\/v2\/posts\/972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exideareview.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exideareview.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exideareview.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/exideareview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=972"}],"version-history":[{"count":0,"href":"https:\/\/exideareview.com\/index.php?rest_route=\/wp\/v2\/posts\/972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/exideareview.com\/index.php?rest_route=\/wp\/v2\/media\/977"}],"wp:attachment":[{"href":"https:\/\/exideareview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exideareview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exideareview.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}