April

Cool Late-April Outlook Sends Natural Gas Futures Swinging Higher, while Cash Rebounds

Cool Late-April Outlook Sends Natural Gas Futures Swinging Higher, while Cash Rebounds

Natural gas futures strengthened Monday as weather models trended cooler for late April, providing support to a market awash in supply but also seeing a surge in LNG demand. The May Nymex gas futures contract settled at $2.275/MMBtu, up 16.1 cents on the day. June futures climbed 13.9 cents to $2.444. At A Glance: Production…

April 17, 2023
Natural Gas Futures Prices Bounce Higher on Cooler Late April Forecast, Short-Covering

Natural Gas Futures Prices Bounce Higher on Cooler Late April Forecast, Short-Covering

Still on a sugar high from too many Cadbury eggs over the Easter holiday weekend, natural gas futures prices soared as weather data showed cool weather returning to the Lower 48 in about a week’s time. With some short-covering likely aiding the rally, the May Nymex natural gas contract settled Monday’s regular session at $2.172/MMBtu,…

April 10, 2023
Downward Price Pressure Mounts Anew on Natural Gas Futures; Spot Market Advances

Downward Price Pressure Mounts Anew on Natural Gas Futures; Spot Market Advances

Natural gas futures fell Monday, kicking off the new month much in the way 2023 has gone so far – under pressure from strong production, modest weather-driven demand and stout storage supplies. At A Glance: Prompt month sheds 11.9 cents Production, supplies robust Weakening weather outlook The May Nymex gas futures contract settled at $2.097/MMBtu,…

April 3, 2023
Natural Gas Futures, Cash Prices Rise Amid Series of Winter Blasts

Natural Gas Futures, Cash Prices Rise Amid Series of Winter Blasts

Natural gas futures extended their gains on Monday as weather models continued to show cold over much of the Lower 48 for early to mid-March and Freeport LNG stayed on its path toward full operations. With some nascent technical momentum also in play, the newly prompt April Nymex natural gas contract settled at $2.731/MMBtu, up…

February 27, 2023
North Dakota Oil, Natural Gas Production Climb in April

North Dakota Oil, Natural Gas Production Climb in April

North Dakota exceeded its monthly production level projections for April, but it may be losing its bragging rights to New Mexico as the second largest oil producing state. Oil production was up 1% in April month/month to 33.6 million bbl, or 1.126 million b/d. Natural gas output grew at a 3.1% rate to 88.89 Bcf,…

June 16, 2021

Warm April Outlook Giving Bears Upper Hand as Natural Gas Futures Called Lower

With little support from forecasts showing a warm pattern moving in during the first week of April, natural gas futures were trading slightly lower early Tuesday. The soon-to-expire April Nymex futures contract was down 0.5 cents to $2.750/MMBtu at around 8:30 a.m. ET, while the May contract was off 0.6 cents to $2.768.

March 26, 2019
April’s U.S. Natural Gas Injections Lowest in 35 Years, Says EIA

April’s U.S. Natural Gas Injections Lowest in 35 Years, Says EIA

April natural gas storage injections could prove to be the lowest for the fourth month of the year since 1983, the Energy Information Administration (EIA) said Tuesday.

May 8, 2018
April NatGas Forwards Mostly Lower on Robust Supply; Some Markets Surge on Depleted Storage, Pipe Restrictions

April NatGas Forwards Mostly Lower on Robust Supply; Some Markets Surge on Depleted Storage, Pipe Restrictions

April natural gas prices fell an average 6 cents from March 16-22 as not even a cold weather forecast for early April could turn traders’ attention from near-record production, according to NGI’s Forward Look.

March 23, 2018
April NatGas Barely Higher on Colder March; New England Brushes Off Bomb Cyclone II

April NatGas Barely Higher on Colder March; New England Brushes Off Bomb Cyclone II

Natural gas forward prices for April averaged 2 cents higher from Feb. 23 to March 1 as March comes roaring in like a lion, with several cold snaps following a mostly mild February, which could perhaps lead to heftier storage withdrawals in the coming weeks, according to NGI’s Forward Look.

March 2, 2018
Rigs Wet Their Bits in Oil But Mostly Keep Their Feet Dry

Rigs Wet Their Bits in Oil But Mostly Keep Their Feet Dry

Compared with one year ago, the U.S. land-based rig count is up 125% as drillers continue returning to their favorite shale patches. Over the same period, the U.S. offshore rig count has languished, up two units during the week ending Friday but still down by one rig from a year ago, according to Baker Hughes Inc.

May 12, 2017
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