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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
More LNG Cargoes Head to Asia for Higher Prices – LNG Recap

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…

July 17, 2023
Natural Gas Futures, Cash Prices Bounce as Searing Heat, ‘Awful’ Humidity Leave Bulls Salivating

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…

June 26, 2023
Sweltering Heat Boosts West Texas Natural Gas Forwards, with LNG Keeping Pressure On Prices

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…

June 16, 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
September Natural Gas Futures See-Saw Along with Demand, Production and Hurricane Potential

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…

August 25, 2021
Natural Gas Forward Prices Surge on Heat, Lagging Production

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…

July 23, 2021
After Days-Long Rally, Natural Gas Forward Prices Retreat but Storage Concerns Simmering

After Days-Long Rally, Natural Gas Forward Prices Retreat but Storage Concerns Simmering

After a massive rise in the prior week, natural gas forwards softened a bit in the trading period ending July 7. Cooler weather and returning production contributed to a 7.0-cent decline in August prices, with small decreases extending through the remainder of summer (August-October), according to NGI’s Forward Look. Winter forward prices also fell, but…

July 9, 2021
June Brought the Heat, Prompting 14-cent Gain in EIA’s 2021 Henry Hub Natural Gas Price

June Brought the Heat, Prompting 14-cent Gain in EIA’s 2021 Henry Hub Natural Gas Price

After June brought higher cooling demand and a widening storage deficit, the Energy Information Administration (EIA) said it is raising its projected average Henry Hub natural gas spot price to $3.21/MMBtu for 2021. The latest price forecast, published in the July edition of the agency’s Short-Term Energy Outlook (STEO), represents a 14-cent increase over the…

July 7, 2021
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