futures

Natural Gas Futures Called Slightly Higher as ‘Historic Flooding’ Predicted from Slow-Moving Sally

Natural Gas Futures Called Slightly Higher as ‘Historic Flooding’ Predicted from Slow-Moving Sally

Natural gas futures were trading slightly higher early Tuesday as Hurricane Sally, hovering just off the northern Gulf Coast, forced production shut-ins and threatened to cause “historic flooding” in the region. The October Nymex contract was up 1.1 cents to $2.321/MMBtu at around 8:40 a.m. ET. The National Hurricane Center (NHC) warned early Tuesday that…

September 15, 2020
Storage Glut, Cooler Temperatures Weigh Down Natural Gas Futures

Storage Glut, Cooler Temperatures Weigh Down Natural Gas Futures

Natural gas futures traded lower on Friday amid concerns about lofty inventory levels and forecasts for cooler weather across much of the Lower 48. The October Nymex contract settled at $2.269/MMBtu, down 5.4 cents day/day. November fell 5.4 cents to $2.744. The prompt month is down more than 40 cents from the high reached in…

September 11, 2020
Storage Risks, Weather Keep Pressure on Natural Gas Futures Early

Storage Risks, Weather Keep Pressure on Natural Gas Futures Early

Forecasts showing weaker weather-driven demand, set against a backdrop of concerns over a storage glut entering the final weeks of the injection season, saw natural gas futures extend their recent losses in early trading Friday. The October Nymex was down 3.4 cents to $2.289/MMBtu at around 8:40 a.m. ET. November was off 3.1 cents to…

September 11, 2020
Natural Gas Futures Recoup Some Losses Early as Sabine Pass Ramp-Up Expected to Continue

Natural Gas Futures Recoup Some Losses Early as Sabine Pass Ramp-Up Expected to Continue

After dropping sharply in the previous session, natural gas futures clawed back some of their recent losses in early trading Wednesday as analysts were on the lookout for additional gains in export demand. The October Nymex contract was up 4.9 cents to $2.449/MMBtu at around 8:40 a.m. ET. The October contract is coming off a…

September 9, 2020
Sabine Pass Activity Ramping Up, But Natural Gas Futures Pare Gains Early

Sabine Pass Activity Ramping Up, But Natural Gas Futures Pare Gains Early

After rallying late last week on the prospect of recovering liquefied natural gas (LNG) demand, October gas futures lost ground in early trading Tuesday even as estimates showed the anticipated recovery in export activity coming to fruition. The October Nymex contract was down 3.9 cents to $2.549/MMBtu at around 8:45 a.m. ET. Total U.S. LNG…

September 8, 2020
October Natural Gas Called Higher as Analysts Mull Potential for ‘Imminent’ Sabine Pass Restart

October Natural Gas Called Higher as Analysts Mull Potential for ‘Imminent’ Sabine Pass Restart

Analysts continued to keep a close eye on signs of post-Laura recovery in liquefied natural gas (LNG) export activity early Friday as natural gas futures probed a few cents higher. The October Nymex contract was up 2.8 cents to $2.515/MMBtu at around 8:50 a.m. ET. Balance data early Friday showed no major changes day/day for…

September 4, 2020
Natural Gas Futures Climb Early Amid LNG Feed Gas Gains

Natural Gas Futures Climb Early Amid LNG Feed Gas Gains

A bump in estimated liquefied natural gas (LNG) export demand, alongside predictions of a below-average injection from the latest government storage report, helped lift gas futures in early trading Thursday. The October Nymex contract was up 3.7 cents to $2.523/MMBtu at around 8:45 a.m. ET. Interstate pipeline flow data from Genscape Inc. early Thursday showed…

September 3, 2020
Prolonged Gulf Coast Demand Impacts Seen as Natural Gas Futures Called Lower

Prolonged Gulf Coast Demand Impacts Seen as Natural Gas Futures Called Lower

Natural gas futures were trading sharply lower early Wednesday as analysts warned of a potentially prolonged post-Hurricane Laura demand recovery. The October Nymex contract was off 8.8 cents to $2.439/MMBtu at around 8:50 a.m. ET. It could take weeks for natural gas demand along the Gulf Coast to return to pre-Laura levels, according to estimates…

September 2, 2020
Timing of LNG Demand Recovery in Focus as Natural Gas Futures Called Lower

Timing of LNG Demand Recovery in Focus as Natural Gas Futures Called Lower

With lingering uncertainty over how quickly liquefied natural gas (LNG) demand will recover following Hurricane Laura, gas futures were trading several cents lower early Tuesday. The October Nymex contract was down 7.0 cents to $2.560/MMBtu at around 8:45 a.m. ET. The October contract fell to as low as $2.497 in Monday’s session amid signs of…

September 1, 2020
Laura’s Effects on LNG Demand Linger Through Weekend as Natural Gas Futures Fall

Laura’s Effects on LNG Demand Linger Through Weekend as Natural Gas Futures Fall

As analyst estimates showed liquefied natural gas (LNG) demand continuing to sag in the aftermath of former Hurricane Laura, gas futures were down sharply in early trading Monday. The October Nymex contract was off 7.8 cents to $2.579/MMBtu at around 8:45 a.m. ET. Estimates from Genscape Inc. put interstate pipeline flows to U.S. LNG export…

August 31, 2020