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Natural Gas Futures Gains Diminished as EIA Reports Storage Draw Above Expectations
Natural gas futures trimmed early gains Thursday following the U.S. Energy Information Administration (EIA) storage report, which outlined a larger-than-anticipated 36 Bcf withdrawal for the week ended March 22. Ahead of the 10:30 a.m. ET release of the latest storage data, May New York Mercantile Exchange natural gas futures were trading 2.0 cents higher day/day…
March 28, 2024Natural Gas Prices
April Natural Gas Futures Finish Run Down in Volatile Session, Spot Gas Gains
Nymex natural gas futures traded lower ahead of the April contract’s expiration at the close, pressured by a lack of demand and with a storage overhang expected to widen through the shoulder season. At A Glance: April futures expire 4.0 cents down May futures move into lead near unchanged Texas cash prices pull into the…
March 27, 2024Infrastructure
CFE, Engie Sign Yucatán Pipeline Deal, Extending Reach of Texas Natural Gas in Mexico
Mexican state utility Comisión Federal de Electricidad (CFE) and French multinational Engie SA through its subsidiary Energia Mayakan signed an agreement to double the capacity on the Mayakan natural gas pipeline serving the Yucatán Peninsula. Energía Mayakan will be in charge of the development and construction of the project. The pipeline’s current capacity of 250…
March 26, 2024Natural Gas Prices
April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary
April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…
March 26, 2024Trending News
Markets
Natural Gas Futures Gains Diminished as EIA Reports Storage Draw Above Expectations
Mar 28, 2024Infrastructure