Houston Ship Channel

Natural gas for delivery in April ramped up a third straight day, supported on Wednesday by lower production estimates and a late winter blast of frigid air across the nation’s midsection. At A Glance: 80s Bcf withdrawal expected Output holds near 102 Bcf/d Colder near-term conditions In its first session as the prompt month, the…

Natural gas futures found firmer footing Wednesday as looming winter weather trumped vigorous production volumes and expectations for another government report showing stout supplies in storage. At A Glance: Lean storage draw expected Mid-January freeze looms Production remains elevated Following a 5.4-cent gain to open regular trading for 2024 the day before, the February Nymex…

Nymex December natural gas futures settled higher on the final trade day in the truncated Thanksgiving holiday workweek, supported by a surprise withdrawal from inventories and approaching cold weather. At A Glance: EIA prints 7 Bcf storage draw Warming follows near-term cold Thanksgiving holiday limits cash The front-month contract settled Wednesday at $2.897/MMBtu, which was…

Natural gas futures snapped a two-day rally with a sharp drop on Wednesday as markets shifted focus to mild weather and persistently strong production. The October Nymex gas futures contract settled at $2.733/MMBtu, down 11.5 cents day/day. November fell 10.5 cents to $2.921. At A Glance: 60s Bcf injection projected Weather demand fades Output holds…

Prompt-month natural gas futures fell for the first time in five sessions amid export uncertainty, cooling weather and the specter of hurricane conditions dropping temperatures further on the East Coast. At A Glance: Front month loses 6.3 cents Hurricane Lee approaches U.S. Production remains off slightly The October Nymex natural gas futures contract on Wednesday…

Natural gas futures on Wednesday picked up where they left off the prior session – mired in the red as traders braced for autumn weather and lighter demand. At A Glance: Prompt month sheds 7.2 cents Northeast production slips Market sees 40s Bcf injection Following an 18.3-cent drop a day earlier, the October Nymex gas…

Employment and wages in Texas’ natural gas and oil industry continued to surge upward in the first quarter, according to new analysis by the Texas Oil and Gas Association (TXOGA). Direct employment in the industry rose 8.1% year/year to 482,557 jobs, according to the TXOGA report based on U.S. Census Bureau and Texas Workforce Commission…

Natural gas basis price differentials at the Waha and Houston Ship Channel (HSC) hubs in Texas narrowed substantially in the first half of this year versus the second half of 2022, according to an Energy Information Administration (EIA) analysis citing NGI data. The return to service of both Freeport LNG and the El Paso Natural…

Sustained sweltering heat over Texas helped stir bullish sentiment, promoting broad-based gains for regional natural gas forwards during the June 15-21 trading period, NGI’s Forward Look data show. As the Lone Star State heat wave firmed up the cooling demand outlook just in time for the official start of summer, July fixed prices at benchmark…