Natural gas futures rallied anew on Monday against a backdrop of looming summer weather, lighter production and an improving storage situation. At A Glance: Temperatures mount in South Production around 98 Bcf/d NGI models 75 Bcf injection After gaining 5% last week – despite a drop Friday – the June Nymex gas futures contract on…
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Global Natural Gas Prices Rise as Competition for Cargoes Intensifies – LNG Recap
Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers. The prompt Dutch Title Transfer Facility gained 4% Monday to finish just above $10/MMBtu. The contract increased by 9% last week, when the Japan-Korea Marker also climbed by 3%. Extreme heat has gripped South and Southeast…
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…
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…
More LNG Cargoes Head to Asia for Higher Prices – LNG Recap
Asian LNG prices remain higher than those in Europe as weak demand, high storage inventories and mild weather on parts of the continent are keeping a lid on the cost of natural gas. The August Title Transfer Facility (TTF) contract fell by 12% last week and the Japan-Korea Marker (JKM) prompt futures contract followed suit…
Natural Gas Futures, Cash Prices Bounce as Searing Heat, ‘Awful’ Humidity Leave Bulls Salivating
Natural gas futures eked out another gain – the fourth in a row – on Monday as robust cooling demand in Texas and surrounding states supported prices. With increased gas flowing south of the border into Mexico as well, the June Nymex gas futures contract edged up 6.2 cents to $2.791/MMBtu. At A Glance: Cooling…
Sweltering Heat Boosts West Texas Natural Gas Forwards, with LNG Keeping Pressure On Prices
U.S. natural gas markets failed to sustain much momentum across the forward curve during the June 8-14 trading period, with July prices averaging 2.0 cents lower as widespread heat has yet to materialize, according to NGI’s Forward Look. With plump production figures still coming out and storage inventories sitting above average levels, similarly small price…
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…
September Natural Gas Futures See-Saw Along with Demand, Production and Hurricane Potential
Natural gas futures on Wednesday soared more than 10 cents early, then retreated into negative territory before flattening out and edging back up at the close of trading. The roller coaster action developed amid a decline in production and estimates for a relatively light storage increase, as well as an evolving weather picture and the…
Natural Gas Forward Prices Surge on Heat, Lagging Production
With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…