Natural Gas Futures, Spot Slide on Mild May Weather

  • June settles 0.8 cents lower at $2.763
  • Focus on May injections “and whether the pace will be fast enough to satisfy markets,” NatGasWeather says
  • Raymond James lowers 2019 natgas forecast 50 cents to $2.25 on production growth, especially associated gas
  • Waha spot falls; maintenance on Northern Natural could worsen basis, says Genscape
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Natural Gas Futures Climb Ahead of EIA Storage Report

  • May contract adds 0.5 cents to settle at $2.786
  • “Uncertainty is now quite high” heading into expiry, storage report Thursday: Bespoke
  • Transwestern force majeure impacts Permian, says Genscape; Waha climbs 15 cents
  • BREAKING: EIA reports a 18 Bcf storage withdrawal for the week ending April 20
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