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Natural Gas Futures Climb Further Amid Ramping Freeport Flows

Natural Gas Futures Climb Further Amid Ramping Freeport Flows

With flows to the Freeport LNG terminal ramping up in recent days, strengthening the demand outlook as summer approaches, natural gas futures continued to climb in early trading Monday. After rallying 10.7 cents on Friday, the June Nymex contract was up another 5.8 cents to $2.200/MMBtu at around 8:40 a.m. ET. Updated Wood Mackenzie pipeline…

May 6, 2024
Natural Gas Rallies as Cheniere CEO Reassures Market on Maintenance — MidDay Market Snapshot

Natural Gas Rallies as Cheniere CEO Reassures Market on Maintenance — MidDay Market Snapshot

Natural gas futures were rallying through midday trading Friday after management comments from a major U.S. LNG player assuaged market concerns that maintenance disruptions could hamper summer export demand. Here’s the latest: June Nymex futures at $2.143/MMBtu, up 10.8 cents, as of 2:05 p.m. ET Cheniere Energy Corp. 1Q2024 results, management comments greeted enthusiastically by…

May 3, 2024
Natural Gas Futures Trade Both Sides of Even Early as Market Mulls Storage, Cooling Demand

Natural Gas Futures Trade Both Sides of Even Early as Market Mulls Storage, Cooling Demand

Natural gas futures were close to unchanged in early trading Friday as the market continued to mull plump storage inventories and potential cooling demand upside this summer.  The June Nymex contract was off 0.8 cents to $2.027/MMBtu at around 8:45 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a 59 Bcf injection…

May 3, 2024
As Market Prepares to Digest Storage Report, Natural Gas Futures Pare Losses Early

As Market Prepares to Digest Storage Report, Natural Gas Futures Pare Losses Early

As traders prepared to digest a potential surplus-trimming result from the latest government inventory data, natural gas futures rebounded in early trading Thursday. The June Nymex contract was up 3.9 cents to $1.971/MMBtu as of 8:51 a.m. ET, clawing back a good chunk of the previous session’s 5.9-cent decline. Pre-report estimates were pointing to a…

May 2, 2024
Natural Gas Futures Retreating as Pressure Felt from Plump Storage — MidDay Market Snapshot

Natural Gas Futures Retreating as Pressure Felt from Plump Storage — MidDay Market Snapshot

Facing bearish headwinds from mild weather, weak physical market pricing and stubbornly elevated storage inventories, natural gas futures were retreating through midday trading Wednesday.  Here’s the latest: June Nymex futures off 5.6 cents to $1.935/MMBtu as of 2:10 p.m. ET Market expectations coalescing around a slightly lighter-than-average injection Thursday This week’s U.S. Energy Information Administration…

May 1, 2024
Antero Touts Premium Natural Gas and NGL Markets Exposure, Forecasts 2025 Market Rebalance

Antero Touts Premium Natural Gas and NGL Markets Exposure, Forecasts 2025 Market Rebalance

Appalachian Basin pure play Antero Resources Corp. expects the currently oversupplied natural gas market to balance over the next year as producers tap the brakes and export demand picks up. During a call to discuss first quarter earnings, CEO Paul Rady and his management team highlighted the natural gas liquids-rich production mix and exposure to…

May 1, 2024
Prices Linked to Natural Gas Hubs Continue to Dominate Global Trade, IGU Says

Prices Linked to Natural Gas Hubs Continue to Dominate Global Trade, IGU Says

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Title Transfer Facility last year again outpaced purchases linked to oil prices in a trend being driven largely by LNG trade growth, according to the International Gas Union (IGU). Between 2005 and 2023, the share of global gas-on-gas…

April 30, 2024
Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot

Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot

Uncertainty around demand at the Freeport LNG terminal had natural gas traders on a bumpy ride through midday Tuesday. Modest gains earlier in the session gave way to a steep sell-off shortly before lunchtime on the East Coast. Here’s the latest: June Nymex futures off 4.2 cents to $1.988/MMBtu as of 2:11 p.m. ET Front…

April 30, 2024
June Natural Gas Adds to Gains as Production Dips Further in Estimates

June Natural Gas Adds to Gains as Production Dips Further in Estimates

Natural gas futures were trading higher at the front of the curve early Tuesday as updated estimates offered further evidence of declining springtime production volumes. Coming off a 10.7-cent rally on Monday, the June Nymex contract was up 1.3 cents to $2.043/MMBtu at around 8:50 a.m. ET. Estimates from Wood Mackenzie as of early Tuesday…

April 30, 2024
LNG Uptick, Production Weakness Nudge Natural Gas Futures Higher Early

LNG Uptick, Production Weakness Nudge Natural Gas Futures Higher Early

Natural gas futures clawed back some of their recent losses early Monday as soft production and hints of strengthening export demand supported prices. Coming off a 6.3-cent sell-off in Friday’s session, the June Nymex contract was up 2.3 cents to $1.946/MMBtu at around 8:45 a.m. ET. The May contract rolled off the board late last…

April 29, 2024