Big swings continued for winter natural gas forwards during the Oct. 1-7 period, with forecasts for much tighter supply/demand balances driving prices about 10 cents higher on average for November-March, according to NGI’s Forward Look. Most U.S. markets mirrored the action along the Nymex futures curve, but other factors came into play for several key…
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Articles from Hurricane Delta
Delta Looms; Natural Gas Rallies as LNG Exports Could Emerge Stronger Than Ever
With the market seemingly optimistic that export activity won’t suffer any lasting impacts from the latest hurricane to enter the Gulf of Mexico (GOM), natural gas futures rallied in early trading Friday. November Nymex futures were up 10.9 cents to $2.736/MMBtu at around 8:45 a.m. ET. Rainbands from Hurricane Delta were spreading into southwestern Louisiana…
October 9, 2020
The Offtake: LNG in Brief
A roundup of news and commentary from NGI’s LNG Insight Cameron LNG began controlled shutdown Thursday as Hurricane Delta headed for the Louisiana coast with landfall expected Friday. Hackberry, LA, plant started ramping back up Sept. 27 after damage caused by Hurricane Laura. A “ride-out” team will remain on site during Delta. Feed gas to…
October 8, 2020
Natural Gas Futures Lower Ahead of ‘Another Wild Day’ as Delta Threatens Louisiana
With Hurricane Delta posing a threat to export operations along the Gulf Coast, natural gas futures were down in early trading Thursday. The November Nymex contract was off 7.8 cents to $2.528/MMBtu at around 8:40 a.m. ET. According to the National Hurricane Center (NHC), at 8 a.m. ET Delta was about 425 miles south of…
October 8, 2020
Production Down as Delta Approaches GOM; Natural Gas Futures Post Early Gains
As Hurricane Delta bore down on the Gulf of Mexico (GOM), prompting production shut-ins, natural gas futures advanced several cents in early trading Wednesday. The November Nymex contract was up 7.5 cents to $2.595/MMBtu at around 8:40 a.m. ET. Delta was about 35 miles from Cancun, Mexico, as of 8 a.m. ET, moving northwest at…
October 7, 2020
Natural Gas Futures Prices Retreat as Hurricane Delta Threatens to Throw Balances Off Course
The fundamentals were in place for natural gas futures to continue climbing on Tuesday, but the threat of a hurricane striking the Gulf Coast (again) later this week sent prices down several notches. The November Nymex gas futures contract settled at $2.520, off 9.5 cents from Monday’s close. December fell 6.5 cents to $3.096. Spot…
October 6, 2020
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