Kevin Dobbs

Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand imbalance worries amid a coronavirus pandemic that has crippled economic activity and dwindled U.S. exports. The July Nymex contract dropped 11.5 cents day/day and settled at $1.482 /MMBtu — a fourth-consecutive day of…

BREAKING: U.S. EIA reports injection of 120 Bcf natural gas storage for the week ending June 19 Stronger heat-driven demand has yet to materialize, while LNG remains soft Analysts expect EIA to report a triple-digit storage build Spot prices advance as power burns pick up Natural gas futures traded in a narrow range most of…

The U.S. Energy Information Administration (EIA) reported an injection of 120 Bcf natural gas storage for the week ending June 19, a bearish report that soared beyond the high end of projections, driving down natural gas futures. The latest print was “beyond my worst expectations,” said one participant on The Desk’s online energy platform Enelyst.…

Natural gas futures traded in a narrow range most of Wednesday, as markets weighed the prospects of heat-driven demand against continued liquefied natural gas (LNG) export weakness. But the prompt month ultimately finished in the red, dragged lower along with bearish storage injection estimates. The July Nymex contract settled at $1.597/MMBtu, down 4.0 cents day/day.…

For a second consecutive day, natural gas futures gave up ground Tuesday on a weakening heat outlook Increased power demand is needed as production shows signs of increasing and liquefied natural gas exports remain soft Spot prices also dropped as enthusiasm chilled on cooler weather Natural gas futures gave up more ground Tuesday on a…

Natural gas futures gave up more ground Tuesday on a weakening heat outlook and concerns that diminishing cooling needs could keep power demand in check at a time when production shows signs of increasing and liquefied natural gas (LNG) exports remain soft. The July Nymex contract fell 2.7 cents day/day, settling at $1.637/MMBtu. August lost…

A midday weather outlook disappointed, with reduced cooling degree days News of significant LNG cargo cancellations also dragged on prices Bolstered by current heat waves, spot prices soared An early rally Monday on expectations for increasing heat across much of the Lower 48, including temperatures in excess of 100 over swaths of the West Coast,…

An early rally Monday on expectations for increasing heat across much of the Lower 48, including temperatures in excess of 100 over swaths of the West Coast, fizzled in afternoon trading after a new mid-range weather outlook disappointed. The latest American model still showed near-term heat but cooler-than-previously-expected forecasts for early July that could reduce…

Forecasts for more heat outshined persistently weak demand for liquefied natural gas Beyond the brightening weather picture, however, new catalysts for gas prices remained elusive Spot gas prices climbed across much of the Lower 48, with California a notable  After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the…