Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand. At A Glance: Front month sinks 15.0 cents Mild weather persists California spot prices rise The January Nymex natural gas contract settled 15.0 cents lower at $2.431/MMBtu. The front-month reversed earlier losses to a $2.294 intraday low. February…
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Natural Gas Futures in Freefall as Wintry Weather Not Likely to Return Before Late December
Natural gas futures crumbled further on Monday as weather models continued to warm, perhaps even a bit too much. With production above 100 Bcf/d and Freeport LNG still offline, the January Nymex gas futures contract settled at $5.577/MMBtu, down a jaw-dropping 70.4 cents from Friday’s close. February futures slid 68.5 cents to $5.484. At A…
Traders Eye Buying Opportunity; November Seen A Penny Lower
November natural gas is set to open a penny lower Tuesday morning at $2.91 as weather forecasts prove of little consequence and traders mull purchases.
NatGas Prices Survive Bearish Storage Data And Climb Higher On The Week
Outside the Northeast weekly natural gas prices showed broad strength as only five points in California fell into the loss column, and only modestly at best.
NatGas Futures Probe Lower Following Historic February Storage Injection
April natural gas futures posted a new low for the day Thursday morning after the Energy Information Administration (EIA) reported an unprecedented February storage build, which was greater than the small withdrawal that most in the market were expecting.
Weekly NatGas Cash, Futures Both Fall 20 Cents; Trader Sees End-Of-March Spot Futures At $2.32
Both physical and financial natural gas prices suffered what seemed to be a never ending succession of weather outlooks calling for unusual winter warmth during the week that ended Feb. 17. All points followed by NGI fell into the loss column and the NGI Weekly National Spot Gas Average tumbled 20 cents to $2.75.
Forecasted Warm-Up Stifles Bullish NatGas Storage Report’s Impact on Forward Prices
Natural gas forwards markets abided by the old adage “what goes up must come down” as January prices plunged an average 44 cents between Dec. 9 and 15 on forecasts for milder weather to close out December, effectively putting prompt-month prices back to where they were at the start of the month, according to NGI’s Forward Look.
No Help For Price Bulls; Natural Gas Storage Continues to Build North of 4 Tcf
Natural gas futures tumbled to session lows Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was about in line with market expectations.
NatGas Cash, Futures Go Their Separate Ways; November Adds 14 Cents
Three-day deals became a tough sell in Friday’s trading as Hurricane Matthew moved up the Florida coast, and gas for weekend and Monday delivery fell by double-digits, although most points declined by a dime or less.
NatGas Traders Turn Other Cheek Following Plump Storage Build
Natural gas futures took a hit Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was a greater than what traders were expecting.