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Weekly Natural Gas Spot Prices, Futures Flounder Amid Mild Weather Outlook, West Texas Weakness
Markets
Natural Gas Futures Stage Late Advance as Market Digests Slightly Bullish Storage Pull
May Nymex natural gas futures settled 4.5 cents higher Thursday, rallying late as traders considered the implications of a larger-than-anticipated storage withdrawal. At A Glance: May futures up 4.5 cents Storage down 36 Bcf Cash trades for Monday The front-month contract closed the session at $1.763/MMBtu, slipping from a $1.786 intraday high and off the…
March 28, 2024Natural Gas Prices
Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight
North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…
March 28, 2024Markets
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…
March 28, 2024E&P
U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show
The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…
March 28, 2024Markets
Weekly Natural Gas Spot Prices, Futures Flounder Amid Mild Weather Outlook, West Texas Weakness
2024-03-28 18:32:01Markets
Natural Gas Futures Stage Late Advance as Market Digests Slightly Bullish Storage Pull
2024-03-28 18:20:41Natural Gas Prices
Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight
2024-03-28 17:03:52Markets
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut
2024-03-28 16:07:46E&P
U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show
2024-03-28 15:37:33LNG
Japan’s Low LNG Inventories Could Spur Spot Buying – Three Things to Know About the LNG Market
2024-03-28 15:13:04Markets