futures

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
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