Soft Demand, Increased Supply Post-Michael Put November NatGas in Red; Rockies Spot Gas Rises

  • Early-week rally erased as November natural gas prices slides another 6 cents
  • Post-Michael power outages, recovering production at heart of Friday’s declines
  • Bullish weather sentiment remains as mostly colder-than-normal temperatures on tap for remainder of October
  • Rockies spot gas prices increase as Canadian air blankets the region
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Bears Look to Regain Control as November Natural Gas Slips; Spot Gas Slides on Increased Supply

  • Mild temperatures on tap for late October help to send November futures down 6 cents
  • Improving supply picture, on-target storage injection add further pressure to already soft market
  • Future market direction will be highly correlated to whether bullish risks begin showing up again in weather forecasts; November likely to be mild
  • Spot gas prices sink as production begins to return following Michael, Enbridge brings unharmed line back to service
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Cold Snap Keeps November NatGas Supported; Spot Gas Rallies on Supply Cuts from Canadian Pipe Explosion

  • November natural gas ends volatile day just 1.8 cents higher as strong cash prices battle it out with warmer risks in long-term weather outlooks
  • Hurricane Michael slams Florida Panhandle, shutting in more than 1 Bcf/d and causing widespread power outages
  • Enbridge pipeline explosion wreaks havoc on Canadian, downstream U.S. markets
  • BREAKING: EIA reports a 90 Bcf storage injection for the week ending Oct. 5
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Early Cold Snap Has Storage Concerns in Focus as November Rallies 12 Cents; Spot Gas Surges

  • November natural gas soars 12 cents on major flip in weather models
  • About-face in weather forecasts leads to early season spike in heating demand, reignites concerns about low storage inventories ahead of winter
  • Production returns to record highs as Atlantic Sunrise volumes ramp up quickly upon in-service
  • Spot gas prices surge as snow and rain hit the western United States; storm to reach the East by Friday, lifting demand
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Natural Gas Futures Rally Halts After Bearish Storage Report, Pipeline In-Service OK

  • Natural gas futures rally comes to a grinding halt after major pipeline gets FERC OK to enter service, EIA delivers bearish storage news
  • Nymex November gas futures contract shed 6.5 cents after Energy Information Administration reports 98 Bcf injection, well above market consensus
  • Mid-October weather trends colder once again, while western United States braces for first major snow storm
  • Spot gas prices retreat as milder temperatures move into key demand markets
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Supply-Side, Storage Concerns Lift Natural Gas Futures a Third Day

  • Bullish momentum builds as November climbs another 6 cents ahead of fresh storage data
  • Uncertainty about the in-service of key pipelines likely causing supply-side jitters ahead of winter season
  • Spot gas prices rally again as late-season heat in the southern United States lifts demand
  • BREAKING: EIA reports a 98 Bcf storage injection for the week ending Sept. 28
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