futures

Market Slow to Embrace CME’s U.S. LNG Futures Contract One Year After Launch

Market Slow to Embrace CME’s U.S. LNG Futures Contract One Year After Launch

Roughly a year after CME Group launched its U.S. liquefied natural gas (LNG) futures contract, the first ever available in the world for physical LNG delivery, it has yet to trade as the spot market continues to evolve and global players have long been slow to adopt new financial tools in their deals.  Developing a…

November 17, 2020
Natural Gas Futures Climb Early Amid Strength in LNG as Another Storm Expected to Enter GOM

Natural Gas Futures Climb Early Amid Strength in LNG as Another Storm Expected to Enter GOM

Estimates showing strengthening liquefied natural gas (LNG) demand boosted gas futures in early trading Monday, while yet another named storm could threaten production and exports later this week. The November Nymex contract was up 8.8 cents to $2.526/MMBtu at around 8:45 a.m. ET. Data as of early Monday showed feed gas flows to U.S. LNG…

October 5, 2020
November Natural Gas Futures Debut as Prompt with a Thud

November Natural Gas Futures Debut as Prompt with a Thud

Natural gas futures plunged Tuesday, as November opened its first full session as the prompt month amid demand skepticism and heavy selling. With lofty storage levels, erratic liquefied natural gas (LNG) volumes and a weaker weather pattern in October, analysts had anticipated the rough start and cautioned that more pressure may lie ahead.   The November…

September 29, 2020
More Natural Gas Price Volatility Expected as New Front Month Slides in Early Trading

More Natural Gas Price Volatility Expected as New Front Month Slides in Early Trading

Heading into its first full session as the front month, November natural gas futures sold off in early trading Tuesday as analysts pointed to weakness in the physical market as a source of downward price pressure.  The November Nymex contract was down 11.8 cents to $2.677/MMBtu at around 8:50 a.m. ET. The early selling Tuesday…

September 29, 2020
Weaker Weather Demand Helps Send Futures Plunging Ahead of October Expiry

Weaker Weather Demand Helps Send Futures Plunging Ahead of October Expiry

A milder weather forecast and a mixed outlook in terms of production and export demand helped send natural gas futures lower in early trading Monday. The expiring October Nymex contract was off 10.9 cents to $2.030/MMBtu at around 8:50 a.m. ET. November futures were down 9.1 cents to $2.716. Weather-driven demand expectations decreased over the…

September 28, 2020
October Natural Gas Futures Bounce Back Along With LNG, Demand Expectations

October Natural Gas Futures Bounce Back Along With LNG, Demand Expectations

Natural gas futures on Wednesday rebounded in force after a steep slump earlier in the week, bolstered by signs of a liquefied natural gas (LNG) recovery, forecasts of greater weather-driven demand and new storage estimates that indicated containment worries may have been overblown. The October Nymex contract popped 29.1 cents day/day and settled at $2.125/MMBtu.…

September 23, 2020
Natural Gas Futures Rise as Last Week’s EIA Print Potentially ‘One-Off Anomaly’

Natural Gas Futures Rise as Last Week’s EIA Print Potentially ‘One-Off Anomaly’

Bolstered by a strengthening weather-driven demand outlook, natural gas futures rebounded sharply in early trading Wednesday. The October Nymex contract had advanced 15.5 cents to $1.989/MMBtu at around 8:45 a.m. ET. The major weather models have now advertised net gains in projected demand for three consecutive days, Bespoke Weather Services said in its latest forecast…

September 23, 2020
Beta Inundating Texas Coast as Natural Gas Futures Continue Slide

Beta Inundating Texas Coast as Natural Gas Futures Continue Slide

With demand impacts expected from Tropical Storm Beta hovering over the Texas coast, natural gas futures extended their slide in early trading Tuesday. The October Nymex contract was down 0.9 cents to $1.826/MMBtu at around 8:50 a.m. ET, while January was off 4.0 cents to $3.277. The October contract opened this week’s trading with a…

September 22, 2020
LNG Feed Gas Takes a Hit on Cove Point Maintenance as October Natural Gas Slides

LNG Feed Gas Takes a Hit on Cove Point Maintenance as October Natural Gas Slides

A drop in liquefied natural gas (LNG) demand kept the pressure on gas futures near the front of the curve in early trading Monday.  The October Nymex contract was down 7.4 cents to $1.974/MMBtu at around 8:40 a.m. ET. The start of annual fall maintenance at the Dominion Energy Cove Point LNG terminal has cut…

September 21, 2020
Traders Mull Storage Risks, ‘Exceptionally Active’ Hurricane Season as October Natural Gas Down Early

Traders Mull Storage Risks, ‘Exceptionally Active’ Hurricane Season as October Natural Gas Down Early

Natural gas futures continued to come under downward pressure near the front of the curve in early trading Friday, with a larger-than-expected inventory build and tropical cyclone-related demand destruction weighing on prices. The October Nymex contract was down 4.9 cents to $1.993/MMBtu at around 8:45 a.m. ET. Conversely, January was up 4.3 cents to $3.272.…

September 18, 2020
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