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Natural Gas Futures Steady Early as Market Expecting Surplus-Trimming Storage Report

Natural Gas Futures Steady Early as Market Expecting Surplus-Trimming Storage Report

As natural gas traders and analysts prepared to unpack the latest government inventory report for evidence of tightening balances amid fading springtime production, futures hovered close to even early Thursday. The May Nymex contract was trading at $1.837/MMBtu as of 8:41 a.m. ET, off 0.4 cents. Pre-report predictions early Thursday pointed to a notably larger-than-average…

April 4, 2024
Natural Gas Futures Pull Back Slightly; Woes for West Texas Cash — MidDay Market Snapshot

Natural Gas Futures Pull Back Slightly; Woes for West Texas Cash — MidDay Market Snapshot

After initially probing higher, natural gas futures dipped through midday trading Wednesday. Shoulder-season conditions appeared to be offering few clear signals to push prices in either direction. Here’s the latest: May Nymex futures down 2.2 cents to $1.840/MMBtu as of 2:15 p.m. ET Longer-dated contracts were seeing larger declines. The natural gas market enters the…

April 3, 2024
NGI’s 4Q2023 LNG Market Analyst Takeaways

NGI’s 4Q2023 LNG Market Analyst Takeaways

The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward. Cheniere Energy Inc. (LNG): Statistics from Cheniere…

April 3, 2024
May Natural Gas Nudges Higher Early; Flip to Injections Seen Motivating Bargain Buying

May Natural Gas Nudges Higher Early; Flip to Injections Seen Motivating Bargain Buying

Continuing on a path of spring renewal, natural gas futures added to recent gains at the front of the curve early Wednesday, with ongoing signs of production weakness still lending fundamental support. The May Nymex contract was up 1.7 cents to $1.879/MMBtu as of 8:41 a.m. ET. The front month dropped as low as $1.778…

April 3, 2024
Natural Gas Futures Give Back Gains Early as LNG Demand Levels Drop

Natural Gas Futures Give Back Gains Early as LNG Demand Levels Drop

Natural gas futures fell in early trading Tuesday, giving up a large chunk of the previous day’s gains as daily export demand levels faded in updated estimates. Coming off a 7.4-cent rally on Monday, the May Nymex contract was down 5.0 cents to $1.787/MMBtu as of 8:43 a.m. ET. A combination of colder forecast trends…

April 2, 2024
Natural Gas Futures Extend Gains Early Amid ‘Market Noise’; Production Estimates Dip

Natural Gas Futures Extend Gains Early Amid ‘Market Noise’; Production Estimates Dip

Helped by dipping first-of-month production numbers, natural gas futures climbed early Monday, continuing to build on gains from late last week. After rallying 4.5 cents ahead of Good Friday, the May Nymex contract was up another 2.8 cents to $1.791/MMBtu as of around 8:50 a.m. ET. Near-term conditions were creating “market noise” for natural gas…

April 1, 2024
Natural Gas Futures Steady Ahead of EIA Data; Pleasant April Temps on Tap

Natural Gas Futures Steady Ahead of EIA Data; Pleasant April Temps on Tap

Natural gas futures hovered close to unchanged early Thursday as traders awaited updated government inventory data that was expected to reveal a weekly withdrawal in line with historical norms. The May Nymex contract was up 0.2 cents to $1.720/MMBtu as of 8:41 a.m. ET. June was trading at $1.957, up 0.4 cents. Predictions ahead of…

March 28, 2024
Last-Minute Fireworks for Expiring April Natural Gas Futures — MidDay Market Snapshot

Last-Minute Fireworks for Expiring April Natural Gas Futures — MidDay Market Snapshot

Shoulder season doldrums appeared to be setting in for natural gas futures traders Tuesday, though the April contract was flashing last-minute fireworks on its final day. Meanwhile, cash trading continued to reflect swollen storage levels and underwhelming springtime temperatures. Here’s the latest: April Nymex contract at $1.563/MMBtu as of 2:20 p.m. ET, off 5.2 cents;…

March 26, 2024
Natural Gas Futures Circle Above Technical Support as April Contract Nears Expiration

Natural Gas Futures Circle Above Technical Support as April Contract Nears Expiration

April natural gas futures bounced off technical support at the start of the week, potentially setting a near-term floor for prices ahead of the shoulder season contract month rolling off the board this week. The April New York Mercantile Exchange (Nymex) contract traded as low as $1.589/MMBtu Monday before moving higher, settling down 4.4 cents…

March 26, 2024
April Natural Gas Flat in Early Trading Ahead of Expiry

April Natural Gas Flat in Early Trading Ahead of Expiry

Natural gas futures were trading close to even early Tuesday, with the looming expiration of the April contract thus far failing to produce any fireworks amid depressed pricing at the front of the curve. The April Nymex contract was unchanged at $1.615/MMBtu as of 8:46 a.m. ET. May was off fractionally at $1.787. Analysts at…

March 26, 2024