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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
Natural Gas Futures Rally as Plant Issues Reverse Earlier Decline; AECO Cash Up on Compressor Issues

Natural Gas Futures Rally as Plant Issues Reverse Earlier Decline; AECO Cash Up on Compressor Issues

Seven proved to be the natural gas market’s lucky number on Wednesday. Nymex futures managed to overcome an early decline and extended their streak of consecutive gains another day. The August Nymex futures contract settled 2.0 cents higher day/day at $3.650. September edged up 1.8 cents to $3.624. Spot gas prices, however, buckled across the…

June 30, 2021
Natural Gas Futures Dive Lower as Demand Becoming More Difficult to Gauge

Natural Gas Futures Dive Lower as Demand Becoming More Difficult to Gauge

Natural gas futures gave up ground on Tuesday as markets weighed a mixed weather outlook and new data pointing to both increased production and demand for U.S. liquefied natural gas (LNG) as the industry recovers from the impacts of Hurricane Laura. The October Nymex contract settled at $2.400/MMBtu, down 18.8 cents day/day. November declined 9.5…

September 8, 2020
Nearly In-Line Storage Injection Nudges July Natural Gas Futures Higher

Nearly In-Line Storage Injection Nudges July Natural Gas Futures Higher

The U.S. Energy Information Administration (EIA) reported an injection of 45 Bcf into storage for the week ending July 10, a print that reflected intense heat and robust cooling demand. The result pushed up Nymex natural gas futures, though early gains were modest amid lingering concerns about weak liquefied natural gas (LNG) demand. The build…

July 16, 2020
Below-Average Storage Injection Fails to Lift August Natural Gas Futures

Below-Average Storage Injection Fails to Lift August Natural Gas Futures

A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and ongoing fallout from the coronavirus pandemic. The August Nymex contract lost 4.5 cents day/day and settled at $1.779/MMBtu on Thursday. September fell 5.5 cents to $1.821. Boosted by waves of summer…

July 9, 2020
Nearly In-Line Storage Injection a Drag on August Natural Gas Futures

Nearly In-Line Storage Injection a Drag on August Natural Gas Futures

The U.S. Energy Information Administration (EIA) reported an injection of 56 Bcf into natural gas storage for the week ending July 3, coming in slightly below average estimates and nudging Nymex natural gas futures lower.  Analysts said the latest injection signals that demand, boosted by scorching summer heat that is driving energy use for cooling,…

July 9, 2020
Sizzling Summer Heat Drives Surge in August Natural Gas Futures

Sizzling Summer Heat Drives Surge in August Natural Gas Futures

Despite signs of increased production and decreased liquefied natural gas levels, natural gas futures surged Monday Forecasts continued to put the current month on pace to challenge 2011 and 2012 as the hottest July on record Spot prices surged across the Lower 48 Despite signs of increased production and decreased liquefied natural gas (LNG) demand…

July 7, 2020
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