May Natural Gas Expires 5 Cents Higher as Demand Increases Again; Cash Bounces

  • It’s another nickel gain for May Nymex gas; contract rolls off the board at $2.566
  • Back-to-back weather systems seen driving up demand in northern United States, while heat builds in southern part of the country
  • Production growth seen outweighing demand increases expected this summer
  • Cash firms ahead of cold snap, while pipeline maintenance continues
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May Natural Gas Jumps 5 Cents as Traders Take Notice of Demand Additions in Forecasts

  • Daily demand additions in weather forecasts finally boost natural gas futures
  • Gains come despite storage inventories moving to year/year surplus
  • Generally bearish weather through early May seen significantly improving storage levels over the next several weeks
  • Cash prices slide as upcoming weather system not expected to spark much demand
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Natural Gas Traders Eye Year/Year Surplus in EIA Data as Prices Stall; Cash Bounces

  • Nymex natural gas futures stall despite demand additions to weather outlooks
  • EIA set to report larger-than-normal storage injection that would flip stocks to year/year surplus
  • Gas now priced lower than Powder River Basin coal for summer
  • Pipeline work crushes Kingsgate cash, while most other markets post gains
  • BREAKING: EIA reports a 92 Bcf storage injection for week ending April 19
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Forecasts Trend Cooler as Natural Gas Futures Bounce; Cash Mixed

  • May Nymex futures up 3.4 cents to $2.524; June adds 2.3 cents to $2.558
  • “It’s certainly not going to be cold, just a little cooler than the data showed last week,” says NatGasWeather
  • “Longer term, summer demand is expected to lag last year, which could create headwinds for any rally down the road”: Bespoke
  • Northern Natural Gas (NNG) this week could limit more than 150 MMcf/d of Permian Basin volumes, says Genscape
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Natural Gas Futures Poised for Rebound After Falling Under $2.50; Cash Slides

  • May natural gas futures prices slip under $2.50 as demand expected to remain near record lows for rest of April
  • EIA reports 92 Bcf injection into storage inventories, slightly higher than estimates
  • Most analysts see a rebound likely ahead as LNG exports, coal-to-gas switching grow
  • Cash prices slide across the country amid weak holiday demand
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