futures

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
Natural Gas Futures Rally Early as 1.2 Bcf/d of GOM Shut-Ins Reported

Natural Gas Futures Rally Early as 1.2 Bcf/d of GOM Shut-Ins Reported

Two tropical cyclones threatened the Gulf of Mexico (GOM) Monday, prompting offshore production shut-ins and lifting natural gas futures in early trading. The September Nymex contract was up 4.4 cents to $2.492/MMBtu at around 8:45 a.m. ET. Tropical Storm Marco has weakened, but Tropical Storm Laura is now on course for the Texas and Louisiana…

August 24, 2020
September Natural Gas Steady Ahead of EIA Report; Analysts Mulling Future LNG Demand

September Natural Gas Steady Ahead of EIA Report; Analysts Mulling Future LNG Demand

Natural gas futures were nearly unchanged in early trading Thursday as the market awaited more clues on the supply/demand balance, expected from the upcoming release of U.S. government inventory data. The September Nymex contract was up 0.1 cents to $2.427/MMBtu at around 8:45 a.m. ET. For today’s Energy Information Administration (EIA) report, scheduled for 10:30…

August 20, 2020
September Natural Gas Pares Gains Early as Traders Eye LNG, Storage

September Natural Gas Pares Gains Early as Traders Eye LNG, Storage

As traders shrugged off hotter trends in the latest forecasts amid a mix of other factors weighing on prices heading toward the end of the injection season, natural gas futures pared their recent gains in early trading Wednesday. The September Nymex contract was off 2.0 cents to $2.397/MMBtu at around 8:45 a.m. ET. The latest…

August 19, 2020
Market Monitoring California Heat Wave as Natural Gas Futures Rally Early

Market Monitoring California Heat Wave as Natural Gas Futures Rally Early

As extreme heat in the West was expected to continue supporting prices at the front of the curve, natural gas futures rallied in early trading Tuesday. The September Nymex contract was up 9.3 cents to $2.432/MMBtu at around 8:40 a.m. ET. California has been hit with record heat and rolling blackouts that have coincided with…

August 18, 2020
Mixed Signals Seen for Natural Gas Futures as September Called Slightly Lower Early

Mixed Signals Seen for Natural Gas Futures as September Called Slightly Lower Early

Coming off a decisive advance on Friday, natural gas futures were hovering close to even in early trading Monday as analysts highlighted a mix of potential bullish and bearish factors influencing prices to start the week. The September Nymex contract was off 1.1 cents to $2.345/MMBtu at around 8:40 a.m. ET. The latest forecast from…

August 17, 2020
September Natural Gas Called Higher as Traders Shrug Off Cooler American Model

September Natural Gas Called Higher as Traders Shrug Off Cooler American Model

As analysts continued to mull the balance implications of the latest inventory report, traders shrugged off a cooler shift in the overnight guidance to send natural gas futures a few cents higher early Friday. The September Nymex contract was up 1.5 cents to $2.197/MMBtu at around 8:40 a.m. ET. The overnight data from the American…

August 14, 2020
Traders Await EIA Storage Number as Natural Gas Futures Close to Unchanged Early

Traders Await EIA Storage Number as Natural Gas Futures Close to Unchanged Early

Natural gas futures traders appeared to be keeping their powder dry early Thursday ahead of the latest government inventory report, with prices hovering close to even day/day. The September Nymex contract was up 0.6 cents to $2.158/MMBtu at around 8:45 a.m. ET. Reflecting last week’s supply/demand dynamics in the face of cooler weather and impacts…

August 13, 2020
Larger-Than-Average EIA Build Expected as Natural Gas Futures Called Lower

Larger-Than-Average EIA Build Expected as Natural Gas Futures Called Lower

With overnight forecasts offering no major change to the weather outlook, and with analysts predicting a larger-than-average build from this week’s government inventory report, natural gas futures eased lower in early trading Wednesday. The September Nymex contract was off 3.4 cents to $2.137/MMBtu at around 8:45 a.m. ET. The latest forecast from Bespoke Weather Services…

August 12, 2020
Natural Gas Futures Notch Small Gain as Production Drops 2 Bcf/d; Cash Still Strong

Natural Gas Futures Notch Small Gain as Production Drops 2 Bcf/d; Cash Still Strong

Natural gas futures rebounded a bit Tuesday as production declined and liquefied natural gas (LNG) demand held firmly above the 4.5 Bcf/d mark. After swinging in a roughly 10-cent range, the September Nymex gas futures contract settled at $2.171, up 1.8 cents. October climbed 2.4 cents to $2.311. Spot gas prices continued to climb across…

August 11, 2020