futures

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
October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

September 20, 2021
No End in Sight for Surging October Natural Gas Futures, Spot Prices

No End in Sight for Surging October Natural Gas Futures, Spot Prices

Natural gas futures on Wednesday rallied for a third consecutive session, again touching a new high for the year as traders fixated on potentially sparse supplies in the United States and Europe ahead of the peak winter demand season.  At A Glance: Futures rally a third straight day Storage worries weigh on markets Cash prices…

September 15, 2021
Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble

Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble

Loosening balances, evidenced by a weekly inventory build that overshot major surveys, accompanied declines in forward prices for most of the Lower 48 during the Aug. 12-18 trading period, NGI’s Forward Look data show. Nymex September futures experienced some up-and-down action, but on the whole lost ground during the Aug. 12-18 time frame, including a…

August 20, 2021
Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Natural gas forward markets rebounded sharply for the trading period ending Aug. 4 as widespread sweltering heat set to return sounded the alarm once again that U.S. storage inventories are on pace to fall uncomfortably short ahead of winter. September forward prices averaged 20.0 cents higher for the July 29-Aug. 4 period, according to NGI’s…

August 6, 2021
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