Mercados

Continued Cold Risks Help NatGas Futures Find Upward Momentum

  • April settles at $2.777, up 2.8 cents and up around 8 cents from last Friday’s settle
  • “Increasing potential” for cold to return to northern and eastern U.S. March 21-15: NatGasWeather
  • Market could test $2.90 based on recent upward momentum, says Powerhouse’s Levine
  • SoCal Citygate down on moderating demand; Aliso Canyon withdrawals prompt protests
  • Breaking: EIA reports a 57 Bcf withdrawal from natural gas storage for the week ending March 2
Read More

SoCal Records Steep Drop; NatGas Futures Still Rangebound

  • April contract settles at $2.667, down 1.6 cents
  • Weather guidance sees mix of cold, warm changes: NatGasWeather
  • Upcoming cold could be “bulls’ last shot,” says Price Futures Group’s Flynn
  • SoCal Citygate down 66 cents d/d as storage withdrawals help ease concerns over supply constraints: Genscape
  • Breaking: EIA reports a storage draw of 78 Bcf for the week ending Feb. 23
Read More

Market Eyes Lean Storage as Natural Gas Futures Trade Near Even; Cash Down

  • April Settles at $2.683, down 0.3 cents, May up 0.1 cents to $2.712
  • Market finding support around $2.60 as lean inventories limit downside momentum, says Powerhouse’s Levin
  • Early estimates pointing to EIA withdrawal ~70-75 Bcf for week ending Feb. 23
  • EPNG force majeure affected about 100 MMcf/d of Permian volumes Tuesday, says Genscape
Read More