Mercados

September Natural Gas Slips as Weather Models Back Off Extreme Heat

  • Slightly cooler forecasts enough to send September natural gas lower
  • Weather outlooks remain hot, but latest models lowered the amount of cooling degree days for the end of August/early September period
  • Spot gas prices fall as cooler weather remains in store for the rest of the week and into the weekend
  • BREAKING: EIA reports a 48 Bcf injection for the week ending Aug. 17
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September Natural Gas Strengthens as Hotter Outlooks Intensify; Spot Gas Fizzles

  • September natural gas prices approach $3 as weather forecasts turn even hotter for end of August/early September
  • Longer lasting heat means storage deficits will likely remain until mid-September at the earliest
  • Rising production this fall should add downside risk to natural gas prices
  • Spot gas prices decline as cooler weather on tap through the coming weekend
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U.S. Treasury’s Malpass in Middle of Diplomatic Intrigue over Central America’s Natural Gas Revolution

What had looked like a routine trip to Panama for U.S. Treasury’s David Malpass, undersecretary for International Affairs, has unexpectedly pitched him into the frontline of trade tensions between the United States and China against a backdrop of Lower 48 liquefied natural gas (LNG) exports to Central America. Read More

September Natural Gas Steady as Battle Continues for Production, Relentless Heat

  • Nymex September gas futures contract settles modestly lower as impact from growing production stymied by significantly hotter weather forecasts for end of August and early September
  • Latest weather models add roughly eight cooling degree days to forecasts
  • Lingering heat means that storage deficits will likely remain well into September
  • Spot gas prices on the rise amid pockets of heat across the country; Northeast pipeline announces maintenance, then delays it
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Heat Reignites September Natural Gas; Spot Gas Slips on Cooler Weather

  • Nymex September gas futures climb 3.8 cents as forecasts show heat returning for the end of August/early September
  • End-of-season storage inventories look less likely to reach 3.4 Tcf, but futures prices indicate market is confident in growing production to reduce deficit
  • Hurricane Lane strengthening in the Pacific, but nearest gas infrastructure well out of storm’s projected path
  • Spot gas prices slip as cooler weather was set to arrive during the weekend, limiting the impact of several pipeline maintenance events scheduled to start Monday
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September Natural Gas Slides as Weather, Storage Deliver One-Two Punch; Spot Gas Slips

  • Nymex September gas futures contract softens after larger-than-expected storage injection
  • Energy Information Administration reported a 33 Bcf build into inventories for the week ending Aug. 10; estimates clustered around a build in the high 20 to low 30 Bcf range
  • Cooler weather in the next week or so further dampened an already weak market
  • Record production, waning demand expected to lead to much higher storage injections in the weeks ahead
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Nymex September Gas Contract Eases as Traders Eye Cooler Weather Outlooks; Northeast Spot Gas Surges

  • September natural gas softens as cooler weather wins battle against low natural gas storage inventories
  • Cooler weather risks into the end of August remain, while the loss of cooling degree days could increase in the days ahead
  • Upward price momentum likely to fade in weeks ahead as cooler weather arrives, setting the stage for heftier storage injections ahead of winter
  • BREAKING: EIA reports a 33 Bcf storage injection for the week ending Aug. 10
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Despite Cooler Forecast, Natural Gas Futures Gain on Storage Outlook

  • September adds 2.9 cents to $2.959, October up 3.0 cents to $2.966
  • GFS model “notably cooler for the middle of next week,” drops “numerous” CDDs from outlook, says NatGasWeather
  • Storage “increasingly likely” to enter heating season “with a historically low carryout for the shale era”: Energy Aspects
  • Transwestern force majeure reducing flows through Arizona, says Genscape
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