Markets

Mild Forecast Pressures Natural Gas Futures Lower; Appalachian Spot Weakness Continues

A milder outlook for October helped pressure natural gas futures lower Friday, as the conditions that contributed to a bullish weekly inventory build weren’t expected to last. Spot prices rebounded for Monday delivery in the Northeast as Appalachian basis differentials remained weak; the NGI National Spot Gas Average added 1.0 cents to $2.520/MMBtu. Read More

NatGas Forwards Sept. 20-25 Rally Begins to Show Signs of Cracks

There was a growing number of $3 handles for October natural gas during the Sept. 20-25 period as temperatures remained well above seasonal averages in markets that aren’t used to running air conditioners in the fall, delaying substantial improvements in an already dire storage situation. Meanwhile, weather outlooks for early October showed signs of early heating demand, although forecasts have since moderated. Read More

Trump Rips Canada on NAFTA Talks, Hints at Tariff on Auto Imports

President Trump lashed out at Canada and said he was considering enacting a tariff on auto imports if Ottawa didn't agree to join a trade agreement with Mexico that could supplant the North American Free Trade Agreement, adding that he rejected a one-on-one meeting with Canadian Prime Minister Justin Trudeau over the trade impasse. Read More

$3 Prompt Month Natural Gas Nice While It Lasted; Futures Reverse as Forecasts Seen Milder

Milder forecasts and the prospect of larger storage injections in the coming weeks helped sink natural gas futures ahead of the October contract’s expiration Wednesday, as a sustained rally going back to last week found a top -- at least in the near-term. Spot prices were mixed as a few Appalachian points rebounded following recent declines; the NGI National Spot Gas Average finished flat at $2.74/MMBtu. Read More