The prompt month dropped more than 20 cents on the day The latest EIA storage report showed a robust injection ‘Nobody should be surprised the natural gas bubble has burst’ Natural Gas Futures Plummet as Imbalance Worries Intensify Natural gas futures plunged Thursday amid intensifying imbalance concerns and escalating worries about looming storage surpluses as…
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LNG Strength, Production Dips Ahead of Sally Drive October Natural Gas Futures Higher
Natural gas futures posted a second consecutive day of gains Tuesday as liquefied natural gas (LNG) levels remained strong and production was curtailed as slow-moving Hurricane Sally was expected to impose torrential rains and flooding. The October Nymex contract settled at $2.362/MMBtu, up 5.2 cents day/day. November rose one-tenth of a cent to $2.741. Spot…
September 15, 2020
Natural Gas Futures Called Slightly Higher as ‘Historic Flooding’ Predicted from Slow-Moving Sally
Natural gas futures were trading slightly higher early Tuesday as Hurricane Sally, hovering just off the northern Gulf Coast, forced production shut-ins and threatened to cause “historic flooding” in the region. The October Nymex contract was up 1.1 cents to $2.321/MMBtu at around 8:40 a.m. ET. The National Hurricane Center (NHC) warned early Tuesday that…
September 15, 2020
LNG Recap: U.S. Feed Gas Deliveries Surge, But Cameron Still Without Power to Restart
A surge in feed gas deliveries to export terminals and a hurricane headed for the northern Gulf Coast that has forced some offshore producers to shut-in volumes sent U.S. natural gas futures up sharply on Monday. Feed gas volumes hit their highest point since May on Sunday, surpassing 7 Bcf and were at about the…
September 14, 2020
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