A drop in liquefied natural gas (LNG) demand kept the pressure on gas futures near the front of the curve in early trading Monday. The October Nymex contract was down 7.4 cents to $1.974/MMBtu at around 8:40 a.m. ET. The start of annual fall maintenance at the Dominion Energy Cove Point LNG terminal has cut…
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Traders Mull Storage Risks, ‘Exceptionally Active’ Hurricane Season as October Natural Gas Down Early
Natural gas futures continued to come under downward pressure near the front of the curve in early trading Friday, with a larger-than-expected inventory build and tropical cyclone-related demand destruction weighing on prices. The October Nymex contract was down 4.9 cents to $1.993/MMBtu at around 8:45 a.m. ET. Conversely, January was up 4.3 cents to $3.272.…
Natural Gas Futures Down Ahead of EIA Report; Cameron LNG Restart Possibly Weeks Away
With the latest government storage data expected to show a hefty weekly injection, adding to an already comfortable cushion in Lower 48 inventories at this point in the season, natural gas futures extended their recent losses in early trading Thursday. After sliding 9.5 cents in the previous session, the October Nymex contract was down 7.5…
Natural Gas Futures Slide Amid Storage Concerns; Sally Lands as Cat 2
With a major hurricane making landfall early Wednesday over the Gulf Coast, natural gas futures were down a few cents in early trading as plump storage inventories continued to weigh on prices near the front of the curve. The October Nymex contract was off 2.7 cents to $2.335/MMBtu at around 8:50 a.m. ET. Hurricane 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…
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…
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…
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…
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…
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…