Strong Cash Prices Help Natural Gas Futures Bulls Seize Momentum

  • October rallies 11.9 cents to $2.933, November up 11.7 cents to $2.896
  • “Today, cash was leading futures,” says INTL FCStone’s Saal
  • “Cash strength surpassed all expectations” as nuke outages tightened power burns, says Bespoke
  • Duke’s 1,870 MW Brunswick plant still down Tuesday,; Transco Zone 5 spot prices surge 26 cents to $3.38
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Natural Gas Futures, Spot Prices Fall as Florence Carves Path of Destruction

  • October down 5.0 cents to $2.767, November down 4.9 cents to $2.751
  • Florence downgraded to tropical storm as it pounds Carolinas with significant rain, heavy winds: NHC
  • Duke Energy reporting >400,000 customers affected by outages as of Friday
  • Demand destruction from storm could see prices test support at $2.75, maybe even $2.70-2.71, says Bespoke
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As Florence Lashes U.S. Southeast, NatGas Futures Slide

  • October down 1.2 cents to $2.817, November down 2.0 cents to $2.800
  • Florence expected to move slowly over North, South Carolina coasts Friday and Saturday
  • “Widespread, prolonged outages may be inevitable,” says EBW’s Weissman
  • EIA’s reported 69 Bcf storage build confirms recent production growth: Bespoke
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Natural Gas Futures Steady as Market Awaits EIA Storage Data, Florence’s Arrival

  • Hurricane Florence’s likely demand destruction weighs on natural gas market, leaving October futures relatively flat on Wednesday
  • Latter part of September looks rather comfortable temperature wise, and prices are expected to decline in coming weeks as Florence is expected to lead to massive power outages
  • Traders can expect a near-average storage injection on Thursday, maintaining hefty deficits for one more week
  • Spot gas prices were mixed despite hotter weather over the northern half of the country
  • BREAKING: EIA reports a 69 Bcf storage injection for the week ending Sept. 7
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October Natural Gas Sees Second Day of Gains; Spot Gas Rises, but Florence Expected to Crush Demand

  • October natural gas prices nudge out another small gain on hotter-trending weather outlooks
  • Hurricane Florence heads for Carolinas later this week, with the potential for widespread power outages to slash demand by 10 Bcf/d or more
  • Long-range weather outlooks show mostly comfortable temperatures for the remainder of September, making for light national demand
  • Spot gas prices mostly higher as another late-season heat wave expected for the remainder of the week
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October Natural Gas Nudges out Small Gain on Technical Support, Pipeline Explosion

  • Pipeline explosion, technical support sends October natural gas nearly 3 cents higher despite cool weather on tap for the week
  • Hurricane Florence could slash demand as it heads for the Carolinas late Thursday or early Friday; Midwest power burns still being affected by tropical system Gordon
  • Access to Sabine Pass liquefied natural gas terminal blocked as inspections and repairs are under way for a 24-inch dredge pipeline pulled up by a ship pin last week in the local waterway.
  • Spot gas prices slide across most of the United States, but Northeast and Appalachia pricing hubs posted strong, double-digit gains on pipeline news
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October Natural Gas Sell-off Stalls Amid Mixed Risks; Spot Gas Down as Florence Churns in Atlantic

  • October natural gas prices hold steady amid little change in fundamental backdrop
  • Cooler weather expected for the next several days, but another heat wave is expected by midweek
  • Storage injections to increase in coming weeks, but cooling weather trends could easily spark some early season heating demand
  • Spot gas falls on cooler weather; meteorologists eye tropical system Florence as it could approach U.S. East Coast by midweek
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Natural Gas Bears Tighten Grip as Storage Matches Expectations; Waha Cash Up Again

  • October down 2.3 cents to $2.772, November down 2.2 cents to $2.791
  • EIA reports 63 Bcf build, in line with estimates
  • Market showing “just enough tightening at these lower price levels to firm up support without seeing many bullish catalysts at all”: Bespoke
  • West Texas spot prices continue to gain ground on Henry Hub, Waha up 27 cents to $2.29
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