Tag / Heat



August Natural Gas Futures Maintain Momentum as Forecasts Trend Even Hotter

August Natural Gas Futures Maintain Momentum as Forecasts Trend Even Hotter

Natural gas futures posted another solid advance Tuesday as optimism intensified that summer heat will drive strong energy demand and support prices. The August Nymex contract rose 4.2 cents day/day and settled at $1.751/MMBtu. A day earlier the prompt month surged 16.5 cents. September climbed 3.5 cents to $1.789. NGI’s Spot Gas National Avg. was…

June 30, 2020
U.S. NatGas Bulls’ Hopes Rest on LNG as Heatwave Hits Europe

U.S. NatGas Bulls’ Hopes Rest on LNG as Heatwave Hits Europe

Summer is here, both for the United States and especially across the pond in sweltering Europe, but it might not be enough to rescue oversupplied natural gas markets, either at home or abroad.

June 27, 2019

‘Last Hurrah’ for Summer Heat Forecast as September Natural Gas Called Lower

September natural gas opened Tuesday about 0.9 cents lower at around $2.867/MMBtu as forecasts overnight continued to show what could be the last real heat of summer waning by the end of next week. The October contract was set to open 1.2 cents lower at around $2.857.

August 28, 2018

August Natural Gas Rallies into Expiry on Storage, Heat

The front month natural gas futures contract rallied ahead of expiration Friday, with potential August heat and a tight storage picture offering support in a market still heavily weighed down by production. In the spot market, most regions posted discounts on three-day deals, including in the sweltering California and Desert Southwest; the NGI National Spot Gas Average dropped 21 cents to $2.70/MMBtu.

July 27, 2018

August Natural Gas Called Higher as Forecasts Trend Hotter for Mid-July

August natural gas futures were set to open Thursday about a penny higher at around $2.880/MMBtu as forecasters over the Independence Day holiday noted warmer changes to the outlook for mid-July.

July 5, 2018

July Set to Open Lower on Cooler Risks for Late July

July natural gas futures were set to open about 3 cents lower at $2.945 Friday morning as weather models turned slightly cooler for the South and Gulf Coast in the medium term.

June 22, 2018

Modest Easing of Near-Term Heat Sends July Natural Gas Lower Ahead of Open

July natural gas prices were about 1.5 cents lower Monday ahead of the open, trading at $3.009 settle amid a modest pullback in near-term weather forecasts.

June 18, 2018

Warmest Period of The Summer Forthcoming; August Called 6 Cents Higher

August natural gas is set to open 6 cents higher Tuesday morning at $3.08 as the warmest temperatures of the season are expected to roll through the market. Overnight oil markets rose.

July 18, 2017

Weather Outlooks Continue To Disappoint; July Called A Penny Lower

July natural gas is set to open a penny lower Wednesday morning at $2.96 as traders see a deflating weather environment ahead of a storage report expected to show above-average storage builds. Overnight oil markets retreated.

June 14, 2017

More Warmth Forecast, July Seen 3 Cents Higher

July natural gas is expected to open 3 cents higher Wednesday morning at $3.07 as weather forecasts heat up and technical factors have lost some of their bearish luster. Overnight oil markets fell.

June 7, 2017