eia storage

Natural Gas Futures Rally as Euro Model Posts Large CDD Increase

Natural Gas Futures Rally as Euro Model Posts Large CDD Increase

Rising cooling demand expectations in recent weather model runs had natural gas futures rebounding sharply in early trading Tuesday. The July Nymex contract was up 9.2 cents to $3.162/MMBtu at around 8:50 a.m. ET. After settling 2.7 cents lower at $3.070 in Monday’s session, the July contract “quickly rebounded” in after hours trading following a…

June 8, 2021
Forecasts ‘Abruptly’ Shift Cooler Over Weekend as Natural Gas Futures Extend Losses

Forecasts ‘Abruptly’ Shift Cooler Over Weekend as Natural Gas Futures Extend Losses

A sharp drop in cooling demand expectations from forecasts over the weekend had natural gas futures tumbling in early trading Monday. The June Nymex contract was down 6.8 cents to $2.838/MMBtu at around 8:50 a.m. ET. Weather models over the weekend “abruptly shifted much cooler” by lowering cooling demand expectations for the eastern half of…

May 24, 2021
1 2 3 Next ›