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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
Natural Gas Prices Said Still Too Low for E&Ps to Bring On More Production

Natural Gas Prices Said Still Too Low for E&Ps to Bring On More Production

U.S. natural gas exploration and production (E&P) companies have reduced output in response to high inventories and the low price environment, but now the query is, when might production return? Price will tell, according to analysts. Lower 48 natural gas output has fallen below 100 Bcf/d, down from record highs around 107 Bcf/d early this…

April 10, 2024
Natural Gas Futures Climb Early Amid Production Weakness, LNG Gains

Natural Gas Futures Climb Early Amid Production Weakness, LNG Gains

Natural gas futures added to recent gains in early trading Wednesday as supportive trends in both production and exports helped stir bullish sentiment. The May Nymex contract was up 3.7 cents to $1.909/MMBtu as of 8:35 a.m. ET. The May contract was continuing to enjoy technical momentum heading into Wednesday’s session after crossing the 20-day…

April 10, 2024
Natural Gas Rally Loses Some Steam as Market Mulls LNG Outlook — MidDay Market Snapshot

Natural Gas Rally Loses Some Steam as Market Mulls LNG Outlook — MidDay Market Snapshot

After rallying early amid supportive fundamental trends, natural gas futures lost steam through midday trading. Market speculation around potential disruptions to LNG export traffic out of Corpus Christi, TX, may have played a role in tempering early gains. Here’s the latest: May Nymex futures trading at $1.873/MMBtu as of 2:30 p.m. ET, up 2.9 cents…

April 9, 2024
Drop in Latest Production Numbers as Natural Gas Futures Climb 

Drop in Latest Production Numbers as Natural Gas Futures Climb 

Natural gas futures advanced further in early trading Tuesday as mounting evidence of production weakness offered encouragement for bulls. The May Nymex contract was up 3.7 cents to $1.881/MMBtu at around 8:40 a.m. ET. June was trading at $2.077, up 2.6 cents. Domestic production fell to 97.7 Bcf/d in Wood Mackenzie’s latest estimates early Tuesday,…

April 9, 2024
Natural Gas Futures Slightly Higher, but Some Downside Risks Seen Near-Term

Natural Gas Futures Slightly Higher, but Some Downside Risks Seen Near-Term

Amid mild springtime weather-driven demand and steady readings for production and exports, natural gas futures hovered close to even in early trading Monday. The May Nymex contract was up 0.7 cents to $1.792/MMBtu as of 8:30 a.m. ET. June was trading at $2.013, up 0.3 cents. EBW Analytics Group analyst Eli Rubin told clients early…

April 8, 2024
Signs of Recovery as Natural Gas Forward Prices Advance to Begin Storage Injection Season

Signs of Recovery as Natural Gas Forward Prices Advance to Begin Storage Injection Season

Regional natural gas forward prices advanced during the March 28-April 3 trading period as the start of the spring natural gas storage injection season found market bulls searching for signs of green shoots after a bitter winter. May fixed prices at Henry Hub rallied 12.1 cents to $1.845/MMBtu, setting the pace for similar front-month gains…

April 5, 2024
Natural Gas Futures Traders Weighing Mixed Outlook; Steep Spot Discounts — MidDay Market Snapshot

Natural Gas Futures Traders Weighing Mixed Outlook; Steep Spot Discounts — MidDay Market Snapshot

Natural gas futures clawed back some of their recent losses through midday trading Friday as the market continued to mull a mix of fundamental factors, including restrained production, mild weather and plump inventories. Meanwhile, little buying interest for weekend and Monday delivery had cash prices falling hard. Here’s the latest: May Nymex futures at $1.804/MMBtu…

April 5, 2024
Natural Gas Futures Flat to Lower Early as Market Mulls Mild Weather, Storage Outlook

Natural Gas Futures Flat to Lower Early as Market Mulls Mild Weather, Storage Outlook

Natural gas futures held steady at the front of the curve in early trading Friday as mild shoulder season weather and a somewhat looser-than-expected close to withdrawal season kept the pressure on prices. At around 8:45 a.m. ET, the May Nymex contract was close to unchanged at $1.773/MMBtu. The front month sold off 6.7 cents…

April 5, 2024