futures

January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal

January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal

Updated weather forecasts pointed to ongoing mild conditions that would generate a lack of heating demand through the first half of December. The outlook drove January natural gas futures another leg lower, even as the market eyes what could be the first triple-digit withdrawal from inventories of the season in data due out Thursday. At…

December 4, 2023
Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural gas futures fell on Monday for a third session, undermined by tapped down demand forecasts for this week’s cold and production volumes near or at new all-time highs. The December Nymex natural gas futures contract settled at $2.882/MMBtu, down 7.8 cents from Friday’s settlement.  At A Glance: Prompt month falls for third session Production…

November 20, 2023
Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump

Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump

Natural gas futures found fresh footing Monday for the first time in six sessions, supported by a cold shift in late November forecasts, while bears eyed next opportunities with supply still ample and another potential disruption at the Freeport LNG facility in Texas. At A Glance: Prompt month ends five-session slide Production jumps near 106…

November 13, 2023
December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564.  At A Glance: Front month sheds 25.1 cents day/day Production approaches 105 Bcf/d…

November 6, 2023
December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge

December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge

The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…

October 30, 2023
Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally

Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally

Natural gas futures on Monday finished in positive territory for the first time in nine sessions, supported by expectations of wintry weather in the North this week and the potential for greater heating demand in the month ahead.  At A Glance: Output exceeds 103 Bcf/d Northern demand looms NGI models 79 Bcf injection After dropping…

October 23, 2023
Natural Gas Futures Prices Continue Losing Ways Amid Weaker Weather Demand

Natural Gas Futures Prices Continue Losing Ways Amid Weaker Weather Demand

Natural gas futures fell again Monday, extending losses from the prior week as forecasts pointed to more mild weather and LNG volumes continued to prove turbulent. The November Nymex gas futures contract settled at $2.840/MMBtu, down 8.9 cents day/day. December fell 7.9 cents to $3.233. At A Glance: Mild temperatures ahead Production ticks lower NGI…

October 2, 2023
Despite Lost Demand, Natural Gas Futures Hold Positive Second Day; Spot Prices Rally

Despite Lost Demand, Natural Gas Futures Hold Positive Second Day; Spot Prices Rally

Natural gas futures forged ahead on Monday, building on the modest momentum gathered late last week after supportive government inventory data and price jumps in Europe. Following a 2.7-cent gain on Friday, the October Nymex gas futures contract settled at $2.639/MMBtu, up two-tenths of a cent to start the new week. November rose 2.7 cents…

September 25, 2023
Natural Gas Futures Nudge Higher as Traders Zero In on Continued Heat; Cash Strong

Natural Gas Futures Nudge Higher as Traders Zero In on Continued Heat; Cash Strong

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…

August 28, 2023
Heat Propels Natural Gas Futures and Spot Gas Prices, but Cooler Temperatures in the Forecast

Heat Propels Natural Gas Futures and Spot Gas Prices, but Cooler Temperatures in the Forecast

Natural gas futures were higher at the top of the week as searing heat blanketed much of the Lower 48, challenging record power loads and stressing grids. The September Nymex gas futures contract settled Monday at $2.632/MMBtu, up 8.1 cents from Friday’s settlement. October futures climbed 5.2 cents to $2.743. At A Glance: Long-range models…

August 21, 2023