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Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot

Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot

Natural gas futures were headed for another daily decline through midday trading Tuesday before a sudden burst higher around 2 p.m. ET threatened to give market onlookers whiplash. Cash prices for the most part were advancing modestly off recent lows. Here’s the latest: May Nymex futures at $1.722/MMBtu as of 2:14 p.m. ET, up 3.1…

April 16, 2024
Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut 

Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut 

Oil and natural gas executives in the Midcontinent and Rocky Mountain regions don’t expect Henry Hub natural gas prices to surpass $3/MMBtu for another two years, according to the first quarter 2024 energy survey published by the Federal Reserve Bank of Kansas City. The survey gauges current and expected oil and gas activity levels in…

April 16, 2024
Natural Gas Futures Steady Early as Market Mulls Sagging Production, LNG Numbers

Natural Gas Futures Steady Early as Market Mulls Sagging Production, LNG Numbers

After tumbling in the previous session, natural gas futures held steady in early trading Tuesday as the market continued to assess apparent weakness in both export and production volumes. The May Nymex contract was trading fractionally lower at $1.690/MMBtu at around 8:45 a.m. ET. The latest daily production estimates from Wood Mackenzie showed domestic output…

April 16, 2024
Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early

Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early

As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978.  The natural…

April 15, 2024
As Demand Dissipates, Natural Gas Futures and Spot Prices Finish Trading Week with Whimper

As Demand Dissipates, Natural Gas Futures and Spot Prices Finish Trading Week with Whimper

Natural gas futures were bound by a narrow range of gains and losses Friday. This capped a topsy-turvy trading week that featured falling production and an early rally, but also rapidly waning weather demand and choppy LNG activity that later sapped sentiment. At A Glance: Mild weather ahead Output near 99 Bcf/d Storage surplus holds…

April 12, 2024
Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends

Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends

Following a heavy sell-off in the previous session, natural gas futures treaded water in early trading Friday as the market continued to digest the price implications of an unexpectedly plump springtime injection. The May Nymex contract was trading at $1.766/MMBtu, up 0.2 cents, as of 8:40 a.m. ET. June was up 0.2 cents to $2.002.…

April 12, 2024
Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk

Natural Gas Futures Snap Winning Streak Following Bearish Storage Print; Cash Prices Clunk

Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…

April 11, 2024
Natural Gas Forwards Steady as Market Waits for Summer Cooling Demand

Natural Gas Forwards Steady as Market Waits for Summer Cooling Demand

With the market weighing mild shoulder season weather and bloated storage against weaker production, regional natural gas forward prices generally held steady at the front of the curve during the April 4-10 trading period. Fixed prices at benchmark Henry Hub finished the period at $1.888/MMBtu for May delivery, up 4.3 cents week/week, according to NGI’s…

April 11, 2024
With Output Down and LNG Up, Natural Gas Bulls Extend Futures Parade; Spot Prices Slip

With Output Down and LNG Up, Natural Gas Bulls Extend Futures Parade; Spot Prices Slip

Natural gas futures advanced for a fourth consecutive session on Wednesday, with traders sharpening their collective focus on leaner production and recovering LNG export levels. These bullish factors countered weakening weather-driven demand and stout supplies in storage. At A Glance: Fourth straight prompt month gain Analysts anticipate modest injection Production hovers around 98 Bcf/d The…

April 10, 2024
Natural Gas Trims Early Gains as Market Eyes Storage Build Outlook — MidDay Market Snapshot 

Natural Gas Trims Early Gains as Market Eyes Storage Build Outlook — MidDay Market Snapshot 

Natural gas futures, which had initially shown promising gains because of favorable production and export trends, remained only marginally positive at midday. Market focus shifted towards the upcoming storage report and the implications of mild weather forecasts.   Here is the latest: May Nymex futures at $1.881/MMBtu as of 2:36 p.m. ET, up nine-tenths of a…

April 10, 2024
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