futures

With Robust Production, September Natural Gas Futures Fail to Sustain Momentum; Sideways Spot Prices

With Robust Production, September Natural Gas Futures Fail to Sustain Momentum; Sideways Spot Prices

Natural gas futures lost ground Monday as production held strong and power burns eased following a weekend of regionally milder weather. At A Glance: Output near 101 Bcf/d August looks to be hot Storage strong for now Coming off a 4.3-cent gain in its debut as the front month on Friday, the September Nymex gas…

July 31, 2023
Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb

Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb

Natural gas futures struggled to find direction Monday, teetering between modest gains and losses as traders weighed robust near-term cooling demand against strong production and stout supplies in storage. At A Glance: Weather outlook loses some heat Production rebounds to 101 Bcf/d NGI sees smaller storage injection The August Nymex gas futures contract ultimately settled…

July 24, 2023
Natural Gas Futures Falter Fourth Straight Day Despite Scorching Heat; Cash Prices Climb

Natural Gas Futures Falter Fourth Straight Day Despite Scorching Heat; Cash Prices Climb

Natural gas futures fell again Monday, losing ground for a fourth consecutive regular session amid ongoing supply/demand imbalance concerns. The August Nymex gas futures contract lost 2.7 cents day/day and settled at $2.512/MMBtu. September slid 2.6 cents to $2.504. At A Glance: Prompt month sheds 2.7 cents U.S. production holds strong Weather demand endures Cash…

July 17, 2023
Natural Gas Futures, Spot Prices Find Fresh Footing as Forecasts Show Intense Heat

Natural Gas Futures, Spot Prices Find Fresh Footing as Forecasts Show Intense Heat

Natural gas futures forged ahead on Monday, bolstered by forecasts for peak summer heat and robust cooling demand. The August Nymex gas futures contract settled at $2.669/MMBtu, up 8.7 cents day/day. September rose 7.1 cents to $2.641. At A Glance: Prompt month gains 8.7 cents Cooling demand set to mount Production recovers in July  NGI’s…

July 10, 2023
Strengthening Cash Prices Reflect Arrival of Summer Heat, Propel Natural Gas Futures

Strengthening Cash Prices Reflect Arrival of Summer Heat, Propel Natural Gas Futures

Natural gas futures eked out a narrow gain on Monday despite shifts in weather forecasts and continued reminders of robust supplies. Following a 9.8-cent loss Friday, the July Nymex gas futures contract picked up 1.2 cents day/day and settled at $2.266/MMBtu, bolstered by strength in cash markets. August advanced a half-cent to $2.336. At A…

June 12, 2023
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