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Early December Forecasts Set ‘Bearish Tone’ Ahead of Expiry as Natural Gas Futures Plunge

Early December Forecasts Set ‘Bearish Tone’ Ahead of Expiry as Natural Gas Futures Plunge

With a milder early December pattern in the latest forecasts arresting the market’s pre-Thanksgiving bullish momentum, natural gas futures were down sharply in early trading Monday. The expiring December Nymex contract was down 42.3 cents to $6.601/MMBtu at around 8:40 a.m. ET. Around the same time, January was off 27.6 cents to $7.054.  Declines were…

November 28, 2022
Weekly Natural Gas Prices Post Strong Gain Alongside Futures Rally

Weekly Natural Gas Prices Post Strong Gain Alongside Futures Rally

Weekly natural gas cash prices gained ground amid seasonally strong demand in the West and another anticipated round of frigid temperatures in the region during the week ahead. NGI’s Weekly Spot Gas National Avg. for the holiday-abbreviated Nov. 21-23 period gained 40.5 cents to $6.785. It marked the third consecutive weekly advance for cash markets.…

November 23, 2022
Natural Gas Futures, Spot Prices Pop on Wintry Weather Outlook, Storage Withdrawal

Natural Gas Futures, Spot Prices Pop on Wintry Weather Outlook, Storage Withdrawal

Natural gas futures flew ahead Wednesday, rallying a third consecutive day on festering worries about a railroad strike, expectations for blasts of cold in the month ahead and the first storage withdrawal of the season. Prices also advanced in Europe and Asia over the past week, reflecting Russia-imposed supply concerns and continued strong demand for…

November 23, 2022
Early December Weather Outlook ‘Sharply Colder’ as Natural Gas Futures Soar Higher

Early December Weather Outlook ‘Sharply Colder’ as Natural Gas Futures Soar Higher

Major overnight cold trends for early December helped send natural gas futures sharply higher in morning trading Wednesday ahead of the latest round of government inventory. The December Nymex contract was up 57.9 cents to $7.358/MMBtu at around 8:40 a.m. ET. January was up 51.0 cents to $7.916. EBW Analytics Group analyst Eli Rubin attributed…

November 23, 2022
Natural Gas Futures Inch Ahead as Russia’s Threat Amplifies Europe’s Thirst for U.S. LNG; Cash Prices Fall

Natural Gas Futures Inch Ahead as Russia’s Threat Amplifies Europe’s Thirst for U.S. LNG; Cash Prices Fall

Following a 47.3-cent rally a day earlier, natural gas futures advanced a little further on Tuesday as weather forecasts, while mixed, favored solid demand ahead and Russia injected a fresh dose of uncertainty into the global supply picture. The December Nymex gas futures contract settled at $6.779/MMBtu, up three-tenths of a cent day/day. January rose…

November 22, 2022
Early December Forecasts Seen Trending Milder as Natural Gas Futures Pare Gains

Early December Forecasts Seen Trending Milder as Natural Gas Futures Pare Gains

Natural gas futures pared their recent gains in early trading Tuesday as updated forecasts showed less cold reaching the eastern Lower 48 in early December. Coming off a 47.3 cent rally in the previous session, the December Nymex contract was off 15.8 cents to $6.618/MMBtu at around 8:45 a.m. ET. The factors driving Monday’s price…

November 22, 2022
Market Eyes Potential Early December Cold as Natural Gas Futures Advance Early

Market Eyes Potential Early December Cold as Natural Gas Futures Advance Early

As forecasts over the weekend teased a colder Lower 48 pattern during the first week of December, natural gas futures rallied in early trading Monday. The December Nymex contract was up 14.1 cents to $6.444/MMBtu at around 8:45 a.m. ET. January was up 16.5 cents to $6.881. Freeport LNG on Friday announced that it expects…

November 21, 2022
Natural Gas Futures Stumble as Late November Weather-Driven Demand Outlook Weakens

Natural Gas Futures Stumble as Late November Weather-Driven Demand Outlook Weakens

Milder overnight forecast trends for late November saw natural gas futures reverse lower in early trading Friday. Coming off a 16.9-cent rally in the previous session, the December Nymex contract was down 19.7 cents to $6.172/MMBtu at around 8:45 a.m. ET. Both the American and European weather models dropped forecast demand overnight by showing less…

November 18, 2022
Euro Model Seen Colder Overnight as Natural Gas Futures Extend Gains Early

Euro Model Seen Colder Overnight as Natural Gas Futures Extend Gains Early

Following colder overnight trends in one of the major weather models, natural gas futures extended their recent gains early Thursday as traders awaited the release of updated government inventory data. The December Nymex contract was up 11.4 cents to $6.314/MMBtu at around 8:40 a.m. ET. Futures got off to a slow start in Wednesday’s session…

November 17, 2022
Natural Gas Futures Maintain Momentum Amid Strong Heating Demand, Eclipse $6 Price Handle

Natural Gas Futures Maintain Momentum Amid Strong Heating Demand, Eclipse $6 Price Handle

Natural gas futures pushed higher a second straight day as wintry weather canvassed the Midwest and Northeast – key natural gas demand regions – fueling consumption and supporting prices. The December Nymex gas futures contract gained 10.1 cents day/day and settled at $6.034/MMBtu. January rose 9.6 cents to $6.395. NGI’s Spot Gas National Avg., meanwhile,…

November 15, 2022
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