futures

Natural Gas Forwards Plunge Further as Supply Improvements, Mild Weather Reduce Winter Risk

Natural Gas Forwards Plunge Further as Supply Improvements, Mild Weather Reduce Winter Risk

A persistently mild forecast continued to grip U.S. natural gas forwards markets during the Nov. 4-10 period, extending losses across the curve as supply neared pre-pandemic highs. December prices plunged an average of 97.0 cents, with losses upward of $2.00/MMBtu in the Northeast amid the comfortable weather pattern and weak cash pricing, NGI’s Forward Look…

November 12, 2021
Early November Cold, Contract Expiry Help Spark Sharp Gains for Natural Gas Forwards

Early November Cold, Contract Expiry Help Spark Sharp Gains for Natural Gas Forwards

Flashes of colder temperatures to start the heating season, alongside characteristic volatility coinciding with the Nymex futures contract expiration, propelled natural gas forwards sharply higher during the Oct. 21-27 trading period, according to NGI’s Forward Look data. Fixed price Henry Hub forwards for November rallied $1.087 to reach $6.220/MMBtu during the period, leading a wave…

October 29, 2021
Shrinking Deficit, Bearish Temps Keep Pressure on Natural Gas Forwards

Shrinking Deficit, Bearish Temps Keep Pressure on Natural Gas Forwards

A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…

October 22, 2021
Bullish Speculators Nudge Out Another Gain for Natural Gas Futures; Cash Rallies Too

Bullish Speculators Nudge Out Another Gain for Natural Gas Futures; Cash Rallies Too

After trading sideways for the better part of Wednesday’s session, natural gas futures surged in the last half hour as the tight global supply backdrop provided bulls the justification for another rally. The November Nymex gas futures contract settled at $5.170/MMBtu, up 8.2 cents on the day. December edged up 9.7 cents to $5.447. Spot…

October 20, 2021
Natural Gas Futures Stage Late Rally Despite Further Shrinking Expected in U.S. Storage Deficits

Natural Gas Futures Stage Late Rally Despite Further Shrinking Expected in U.S. Storage Deficits

Traders struggled to put a fair price on natural gas futures Wednesday amid conflicting signals in the United States and overseas. After plunging to a $5.350/MMBtu intraday low, however, a cooler turn in the latest weather models lifted the November Nymex gas futures contract, which settled 8.5 cents higher day/day to $5.590. December climbed 9.0…

October 13, 2021
ICE Reports Record Volume in September on European Natural Gas Trades

ICE Reports Record Volume in September on European Natural Gas Trades

Intercontinental Exchange Inc. (ICE) is logging more record trading activity on its European natural gas futures contracts amid increasing volatility in the global market. An unprecedented 5.5 million Dutch Title Transfer Facility (TTF) futures and options were traded in September, 37% higher than the previous monthly record set in January, ICE said. The exchange also…

October 13, 2021
Global Natural Gas Market Stabilizes After Chaotic Stretch — LNG Recap

Global Natural Gas Market Stabilizes After Chaotic Stretch — LNG Recap

Global natural gas prices remain high, but they were largely stable Monday and Tuesday after an extraordinary stretch of chaotic trading last week. National Balancing Point and Title Transfer Facility (TTF) futures closed higher Tuesday as the market appeared unable to find its footing after last week. Milder weather over the next six to 10…

October 12, 2021
Domestic Supply Fears Easing as Natural Gas Forwards Retreat from Highs

Domestic Supply Fears Easing as Natural Gas Forwards Retreat from Highs

A jittery natural gas market bracing for a winter of extreme pricing turned in a week of volatile trading for the Sept. 30-Oct. 6 time frame, but forward prices trended lower overall as mild weather and rising stockpiles soothed nerves over the domestic supply situation. Forward prices at most trading locations took their cues from…

October 8, 2021
November Natural Gas Futures Debut with Thud as Volatility Reigns; Cash Prices Drop in Tandem

November Natural Gas Futures Debut with Thud as Volatility Reigns; Cash Prices Drop in Tandem

Natural gas futures floundered on Wednesday as November took over as the front month and markets mulled waning weather-driven demand that could free up more domestic supply for storage ahead of winter. The November Nymex contract, in its first session as the prompt month, shed 40.3 cents day/day and settled at $5.477/MMBtu. December dropped 39.0…

September 29, 2021
October Natural Gas Futures Tread Water Ahead of EIA Storage Report

October Natural Gas Futures Tread Water Ahead of EIA Storage Report

Natural gas futures on Wednesday snapped a four-day losing streak, though barely, after trading in a narrow range most of the session. Rebounding liquified natural gas (LNG) export volumes offset domestic demand forecasts that held in bearish territory. At A Glance: Futures snap four-day slide Analysts expect storage build in 70s-80s Bcf Weather forecasts remain…

September 22, 2021
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