henry hub

Weather Demand Trends Lower Over Weekend as Natural Gas Futures Called Near Even

Weather Demand Trends Lower Over Weekend as Natural Gas Futures Called Near Even

After some up-and-down action for a market that’s been closely monitoring global prices trends, natural gas futures were trading close to even early Monday. The October Nymex contract was up 0.4 cents to $5.109/MMBtu at around 8:50 a.m. ET. Forecast weather-driven demand trended lower over the weekend, a result of declines in both projected cooling…

September 20, 2021
‘All Fear in the Market’ as Natural Gas Futures Rally Early

‘All Fear in the Market’ as Natural Gas Futures Rally Early

Natural gas futures rocketed higher early Wednesday as supply concerns continued to grip the market. The October Nymex contract was up 17.4 cents to $5.434/MMBtu at around 8:45 a.m. ET. The continued gains in Henry Hub futures coincide with rallying prices overseas and storage adequacy concerns both at home and abroad, according to Bespoke Weather…

September 15, 2021
Natural Gas Futures, Already Above $5.00, Could Soar Further Amid ‘Extreme Tightness’

Natural Gas Futures, Already Above $5.00, Could Soar Further Amid ‘Extreme Tightness’

Following a hot summer that fueled robust domestic cooling needs and strong demand for U.S. exports of liquefied natural gas (LNG), Henry Hub prices surged and could climb even higher this winter if the season is exceptionally cold and supplies of gas in storage prove perilously low. This was a key theme to emerge during…

September 14, 2021
Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Tight domestic balances, strength in global prices and a tropical cyclone churning along the coast of Texas gave traders plenty to ponder early Tuesday as natural gas futures continued their ascent. After rallying 29.3 cents in the previous session, the October Nymex contract was up another 10.3 cents to $5.334/MMBtu at around 8:50 a.m. ET.…

September 14, 2021
Natural Gas Futures Hold Above $5 Early Amid Tight Balances, Warm Temps

Natural Gas Futures Hold Above $5 Early Amid Tight Balances, Warm Temps

Natural gas futures held onto most of their recent gains in early trading Friday as analysts highlighted tight balances, warm September temperatures and global price trends as drivers of bullish sentiment. The October Nymex contract was down 2.2 cents to $5.009/MMBtu at around 8:55 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported…

September 10, 2021
Tight Balances, GOM Outages in Focus as Natural Gas Futures Advance Early

Tight Balances, GOM Outages in Focus as Natural Gas Futures Advance Early

As analysts and traders mulled continuing signs of tightness in the supply/demand balance from the latest government inventory data, natural gas futures advanced several cents in early trading Friday. The October Nymex contract was up 6.3 cents to $4.704/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 20 Bcf…

September 3, 2021
Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Ratings Inc. has substantially raised its Henry Hub and European natural gas price assumptions through 2022, citing “strong year-to-date prices, recovering demand and supply challenges.” “U.S. gas prices have…benefited from heightened weather-driven demand, as well as U.S. dry and associated gas production discipline,” the credit ratings analysts said, adding that liquefied natural gas (LNG)…

September 2, 2021
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
Summer Heat Seen Fading Soon as Natural Gas Futures Slide Early

Summer Heat Seen Fading Soon as Natural Gas Futures Slide Early

With hot temperatures in the current week expected to fade after the weekend, natural gas futures lost ground in early trading Tuesday. As of around 8:50 a.m. ET, the September contract was down 3.2 cents to $3.913/MMBtu. The market struggled to find direction in Monday’s session despite sizable gains in projected cooling degree days (CDD)…

August 24, 2021
Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

August 16, 2021
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