futures

Cold Snap, Bullish Storage Expectations Fail to Send Natural Gas Futures Higher; Spot Prices Steady

Cold Snap, Bullish Storage Expectations Fail to Send Natural Gas Futures Higher; Spot Prices Steady

Natural gas futures probed higher early Monday, with bulls seizing upon favorable near-term weather, steady export demand and market expectations for a seasonally robust inventory withdrawal. But intensifying stress in the global financial system ultimately curbed the momentum and left futures in the red as markets closed. At A Glance: Mixed weather outlook All eyes…

March 20, 2023
Natural Gas Futures, Cash Prices Rise Amid Series of Winter Blasts

Natural Gas Futures, Cash Prices Rise Amid Series of Winter Blasts

Natural gas futures extended their gains on Monday as weather models continued to show cold over much of the Lower 48 for early to mid-March and Freeport LNG stayed on its path toward full operations. With some nascent technical momentum also in play, the newly prompt April Nymex natural gas contract settled at $2.731/MMBtu, up…

February 27, 2023
March Natural Gas Futures Flop in Prompt Month Opening; Cash Prices Climb

March Natural Gas Futures Flop in Prompt Month Opening; Cash Prices Climb

Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. At A Glance: Weather front delivers cold shots February forecast tilts warmer Production continues to hold strong The March Nymex gas futures contract, in its first regular…

January 30, 2023
Natural Gas Futures, Spot Prices Fly on Freeport Clarity, December Cold, Threat of Railroad Strike

Natural Gas Futures, Spot Prices Fly on Freeport Clarity, December Cold, Threat of Railroad Strike

Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December. At A Glance: LNG facility aims for December return Demand could intensify next month Analysts expect large…

November 21, 2022
Warmer Forecast Drags Natural Gas Futures Below $6; Near-Term Cold Boosts Cash

Warmer Forecast Drags Natural Gas Futures Below $6; Near-Term Cold Boosts Cash

Forecasts for dramatic warm-up after this week’s snowy, chilly week sent natural gas futures prices tumbling on Monday. The November Nymex gas futures contract plummeted 45.4 cents to $5.999/MMBtu, while December futures dropped 34.8 cents to $6.479. At A Glance: Weather models agree on warmth’s return Production recovers above 100 Bcf/d Chilly temperatures seen through…

October 17, 2022
Natural Gas Futures Snap Losing Streak After Putin’s Veiled Nuclear Threat

Natural Gas Futures Snap Losing Streak After Putin’s Veiled Nuclear Threat

Natural gas futures on Wednesday gained ground for the first time in five sessions as global supply doubts personified by Russia’s president and his threat of launching nuclear weapons overshadowed fading demand. At A Glance: Russia to ramp up Ukraine war effort Analysts look for 90s Bcf injection Forecasts call for cooler conditions The October…

September 21, 2022
Natural Gas Futures Spike above $8 as Heat Wave Drives Demand, Europe’s Woes Worsen

Natural Gas Futures Spike above $8 as Heat Wave Drives Demand, Europe’s Woes Worsen

Natural gas futures flew higher for the third time in four sessions as oppressive heat across most of the Lower 48 kept air conditioners cranking, and festering supply challenges in Europe bolstered the demand outlook for U.S. exports The August Nymex gas futures contract surged 74.3 cents day/day and settled at $8.007/MMBtu. September rose 74.9…

July 20, 2022
Despite Production Drop and Prevailing Heat, Natural Gas Futures Fail to Find New Footing

Despite Production Drop and Prevailing Heat, Natural Gas Futures Fail to Find New Footing

Natural gas futures rebounded early Wednesday as production dropped and near-term cooling demand remained elevated. The prompt month, however, slipped lower by midday as traders digested expectations for a stout storage injection, and it struggled to regain momentum. The August Nymex gas futures contract ultimately fell 1.3 cents day/day and settled at $5.510. September shed…

July 6, 2022
Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report

Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. Spot gas prices were mostly higher…

June 22, 2022
Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Following one of the biggest plunges in the history of natural gas trading, futures rebounded on Wednesday as traders digested the impact of a major export outage against a broader backdrop of robust global demand. At A Glance: Traders focus on robust cooling demand Europe’s thirst for U.S. LNG holds strong Cash prices rebound as…

June 15, 2022
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