Natural gas futures forged ahead on Monday, bolstered by forecasts for peak summer heat and robust cooling demand. The August Nymex gas futures contract settled at $2.669/MMBtu, up 8.7 cents day/day. September rose 7.1 cents to $2.641. At A Glance: Prompt month gains 8.7 cents Cooling demand set to mount Production recovers in July NGI’s…
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Natural Gas Futures, Cash Prices Bounce as Searing Heat, ‘Awful’ Humidity Leave Bulls Salivating
Natural gas futures eked out another gain – the fourth in a row – on Monday as robust cooling demand in Texas and surrounding states supported prices. With increased gas flowing south of the border into Mexico as well, the June Nymex gas futures contract edged up 6.2 cents to $2.791/MMBtu. At A Glance: Cooling…
Natural Gas Futures Rally Again Despite Possibility of Record-Breaking Storage Injection
Natural gas futures continued to climb on Wednesday despite starkly bearish near-term fundamentals, including the potential for a record fall storage injection. After hitting a $7.022/MMBtu intraday high, though, the Nymex November gas futures contract settled Wednesday at $6.930, up only 9.3 cents day/day. December futures climbed 6.2 cents to $7.236. At A Glance: 100-plus…
Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle
Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High
Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…
Deadlines Looming for Goldboro, Canada’s Long Promised East Coast LNG Project
After six years of preparations and promises, performance deadlines are looming for a homegrown proposal to build a C$10.8 billion ($8.6 billion) liquefied natural gas (LNG) export terminal on Canada’s east coast.
NGI The Weekly Gas Market Report
Misery Grips East Coast as Bomb Cyclone KOs Power to Thousands
A massive winter storm spawned by curiously named weather phenomena — bombogenesis, aka a bomb cyclone — has knocked power out to thousands of customers along the East Coast, forcing schools to close, flights to be canceled, and others to hunker down with a good book, perhaps even a thesaurus.