futures

Magellan, Enterprise and ICE to Launch Houston Oil Futures Contract

Magellan, Enterprise and ICE to Launch Houston Oil Futures Contract

A new oil futures contract is coming to the Gulf Coast. Magellan Midstream Partners L.P., Enterprise Products Partners LP and Intercontinental Exchange Inc. (ICE) said Monday they would partner to create a contract for the physical delivery of crude in the Houston area. The companies said the Midland WTI American Gulf Coast contract (ICE: HOU)…

June 21, 2021
CME to Launch ‘Nature-Based’ Emissions Offset Futures Contract

CME to Launch ‘Nature-Based’ Emissions Offset Futures Contract

CME Group said Monday it would launch an emissions offset futures contract sourced from agriculture, forestry and other land use projects in an ongoing effort aimed at helping the market better manage climate risk as the energy transition accelerates. CME said the Nature-Based Global Emissions Offset (N-GEO) contract would launch August 1, pending regulatory review.…

June 21, 2021
Expectations for Strong Demand Send July Natural Gas Futures Back Into Green

Expectations for Strong Demand Send July Natural Gas Futures Back Into Green

Natural gas futures tumbled early Wednesday, threatening a second day of losses, but prices rebounded in afternoon trading as new data showed production declined, exports climbed and weather forecasts pointed to strong cooling demand in the weeks ahead. The July Nymex contract settled at $3.251/MMBtu, up 1.1 cents day/day. It marked the sixth day of…

June 16, 2021
Hot Forecast Lifts Natural Gas Futures Another Notch Ahead of Expected Triple-Digit Storage Build

Hot Forecast Lifts Natural Gas Futures Another Notch Ahead of Expected Triple-Digit Storage Build

Natural gas futures edged up early Wednesday as traders mulled an increasingly hot June forecast against a projected hefty storage build. Though briefly moving into the red, the July Nymex gas futures contract settled Wednesday at $3.129, up a mere one-tenth of a cent on the day. August climbed four-tenths of a cent to $3.144.…

June 9, 2021
Sizzling June Forecast Boosts Natural Gas Forward Prices; LNG Key to Maintaining Momentum

Sizzling June Forecast Boosts Natural Gas Forward Prices; LNG Key to Maintaining Momentum

Forecasts promising toasty temperatures during the second week of June prompted double-digit gains for natural gas forwards prices at numerous Lower 48 hubs during the trading week ended June 2, according to NGI’s Forward Look. A prominent increase in cooling demand expectations from forecasts over the Memorial Day weekend sent Nymex futures sharply higher in…

June 4, 2021
Natural Gas Futures Slip on Rebounding Supply, Weather Model Shifts; Cash Still Rocking

Natural Gas Futures Slip on Rebounding Supply, Weather Model Shifts; Cash Still Rocking

After a double-digit gain to start the week, natural gas futures retreated a bit Wednesday as a majority of the previously reported production decline recovered midweek. With traders eyeing another potential bearish storage injection, the July Nymex gas futures contract settled 2.9 cents lower at $3.075. August fell 3.2 cents to $3.094. Spot gas prices…

June 2, 2021
LNG Demand Drives Small Gains for U.S. Natural Gas Forward Prices, but Warm Temps Soften Northeast Curves

LNG Demand Drives Small Gains for U.S. Natural Gas Forward Prices, but Warm Temps Soften Northeast Curves

Natural gas forward prices posted modest increases across the majority of U.S. markets for the trading week ending March 24, buoyed largely by record export demand, according to NGI’s Forward Look. With the spring shoulder season underway, gas bulls have struggled to gain momentum in recent weeks. Aside from stormy weather patterns that could drive…

March 26, 2021
ICE Reports First LNG Freight Futures Trades — LNG Recap

ICE Reports First LNG Freight Futures Trades — LNG Recap

Intercontinental Exchange Inc. said Tuesday its liquefied natural gas (LNG) freight futures contracts launched Monday and were traded by leading industry players on their first day.  The contracts are based on LNG freight spot price assessments by Spark Commodities. ICE said 15 lots of the Spark30S Atlantic and 15 lots of the Spark25S Pacific contracts…

March 23, 2021
Luck of the Irish Eludes April Natural Gas Futures

Luck of the Irish Eludes April Natural Gas Futures

Natural gas futures dropped back into the red on Wednesday as traders mulled forecasts for mild spring weather and its dampening effect on demand along with polls that showed expectations for only a modest storage withdrawal. The April Nymex contract declined 3.4 cents day/day and settled at $2.528/MMBtu. May fell 4.2 cents to $2.555. The…

March 17, 2021
Steep Natural Gas Price Losses Leave Forwards ‘Significantly Undervalued’

Steep Natural Gas Price Losses Leave Forwards ‘Significantly Undervalued’

Massive declines spread across natural gas forward markets for the trading period ending Wednesday, fueled primarily by a return to the warm weather pattern that has characterized most of the winter season.  A quick ramp in production following last week’s historic winter storm also served as a headwind for prices, with March averaging 34.0 cents…

February 26, 2021
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