Mercados

Natural Gas Winter Price Surge Leaves Bulls Joyful; Spot Gas Mixed

  • Technical rebound sends Nymex winter months surging despite mostly mild weather forecast for remainder of year
  • Weather forecasters expect next intimidating cold shots to come around new year
  • Storage deficit likely to improve over coming weeks, but structural demand growth from liquefied natural gas exports, petrochemical industry could lead to fundamental tightening
  • Spot gas prices mostly bounce, but steep declines in Northeast, Rockies abound
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Mild Set-up Through New Year Pressures Natural Gas Futures, Spot Prices

  • January natural gas prices plunge again; prompt month sheds 60 cents in two-day slide on mild rest of December
  • Weather models show significant cold not returning to the United States until after the new year
  • Storage deficit expected to tighten substantially during the next six weeks, alleviating concerns about supplies during peak winter month
  • Spot gas prices tumble further into $3 territory as mild temperatures expected across most of country
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Natural Gas Futures Tumble as Warmth Set to Linger Through Year-End; Spot Gas Slides

  • Natural gas futures slashed as weather models converge in showing milder weather for remainder of December
  • Truly cold air could return by early January, but supply concerns should alleviate with span of mild weather
  • Production remains off recent highs as pipelines undergo maintenance ahead of peak winter months
  • Spot gas prices drop 30-40 cents at most market hubs as comfortable temperatures blanket much of country
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January Natural Gas Marginally Higher After 'Aimless' Trading Session; Spot Gas Bounces

  • Natural gas prices swing wildly but end volatile session barely changed
  • Long-range weather models remain unclear, but forecasters agree that January coud get progressively colder
  • EIA reports smaller-than-expected 77 Bcf withdrawal from storage, but deficits to historical levels widen and could linger well into 2019
  • Big gains in production needed to close the storage gap, put supplies back at comfortable levels
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Natural Gas Prices “Sleighed” Amid Warming December Outlook; Spot Gas Slips Further

  • Winter natural gas prices plunge as outlooks show only one brief cold snap on tap for remainder of month
  • Technical price indicators reflect “stern support level” that could portend bounce ahead
  • Spot gas prices a sea of red outside of West Texas
  • BREAKING: EIA reports a 77 Bcf storage withdrawal for the week ending Dec. 7
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January Natural Gas Rallies on Unpredictable Long-Range Weather; Spot Gas Mixed

  • Possibility of cold returning later this month spooks jumpy natural gas market; January gains 5.7 cents
  • Near-term warmth, expected to last 10 days or more, could renew downside pressure if long-range cold risks ease
  • Storage inventories could fall dangerously low should cold weather sustain through the rest of winter
  • Spot gas mixed as chilly air set to linger another day before midweek warmup begins
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Natural Gas Futures End Week with a Surge On Threat of Returning Cold

  • Hints of colder weather before the end of the month enough to drive winter natural gas prices sharply higher on Friday
  • EIA’s reported 63 Bcf storage withdrawal reflects slightly tighter storage picture that should keep firm support under prices unless long-range cold risks ease
  • Spot gas prices strengthen as bitter cold set to continue through early next week before milder weather moves in
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January Natural Gas Slides as Forecasts for Rising Temps Could Break Support

  • Weather forecasts showing warmer weather continuing through late December sends January natural gas significantly lower
  • Spot gas prices generally move lower as intense cold eases
  • Southern California spot gas prices skyrocket as two pipeline maintenance events set for Friday
  • BREAKING: EIA reports a 63 Bcf storage withdrawal for the week ending Nov. 30
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Natural Gas Bulls, Bears Duke It Out But January Ends Only Marginally Higher; Spot Gas Eases

  • Intraday volatility still high as traders weigh unclear long-range weather outlooks against low storage inventories
  • Energy Information Administration set to release weekly storage report on Friday; market observers look for deficit to widen
  • Projections for low gas stocks at end of winter already being priced in to longer-dated futures contracts
  • Spot gas slides as demand is set to ease despite lingering cold
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