Articles by Jeremiah Shelor

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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Storage Supports Natural Gas Futures Gains as Cooler Forecast Tempers Rally

Concerns over meager storage stockpiles helped the natural gas futures market shake off cooler weather trends Tuesday as prices gained modestly for the fall and winter contracts. In the spot market, most regions strengthened as Henry Hub gained in line with prompt month futures, while pricy locations in California and the Desert Southwest moderated; the NGI National Spot Gas Average finished 7 cents higher at $2.97/MMBtu. Read More