Natural Gas Bulls Throw in the Towel as September Slides Again; Heat Wave Lifts Spot Gas

  • $3 gas becoming less likely as summer heat currently forecast to wane before mid-September
  • Nymex September futures contract slides 4.1 cents ahead of expiration later this week
  • Traders expecting EIA storage report later this week to reflect build that is well above five-year average
  • Current heat wave in eastern half of United States drives up spot gas prices
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Traders Shrug Off Growing Storage Deficit as September Holds Steady

  • Nymex September nudges only marginally higher despite supportive storage report
  • Energy Information Administration reports 48 Bcf into storage inventories; deficit to five-year average grows by another 4 Bcf
  • Despite record-setting production, demand is the “elephant in the room” that some traders refuse to talk about
  • Cooler weather trends for late August pose downside risk for both Nymex and spot gas prices
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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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