Hurricane

North American Natural Gas Futures Surge; Hurricane Otis Batters Acapulco – Mexico Spotlight

North American Natural Gas Futures Surge; Hurricane Otis Batters Acapulco – Mexico Spotlight

North American natural gas prices saw strong forward momentum this week as winter weather appeared around the corner. The November New York Mercantile Exchange contract jumped 20.4 cents day/day on Thursday and settled at $3.214/MMBtu. Mexico imports added to the upward pressure. Pipeline imports over the last 10 days through Thursday averaged 6.87 Bcf/d, according…

October 26, 2023
Natural Gas Futures, Cash Prices Forge Further Ahead and Notch Third Day of Gains

Natural Gas Futures, Cash Prices Forge Further Ahead and Notch Third Day of Gains

Natural gas futures rallied on Wednesday, extending a week-to-date win streak amid advancing cold in the North, strengthening spot prices and solid LNG demand. At A Glance: Production off 2023 high Colder northern weather Light injection expected The November Nymex gas futures contract gained 3.9 cents day/day and settled at $3.010/MMBtu. December rose 5.4 cents…

October 25, 2023
GOM Hurricane Odds Increasing Along with Water Temps, Potentially Impacting Natural Gas, Oil Production

GOM Hurricane Odds Increasing Along with Water Temps, Potentially Impacting Natural Gas, Oil Production

A potentially active hurricane season could shut in a substantial portion of oil and natural gas production in the Gulf of Mexico (GOM) this year, according to an analysis by Enverus Intelligence Research (EIR).  “Should a hurricane disrupt oil and gas production in the GOM, EIR’s mid-impact case estimates 40% of total GOM production would…

August 25, 2023
Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb

Natural Gas Futures See-Saw as Market Balances Heat Against Robust Supply; Cash Prices Climb

Natural gas futures struggled to find direction Monday, teetering between modest gains and losses as traders weighed robust near-term cooling demand against strong production and stout supplies in storage. At A Glance: Weather outlook loses some heat Production rebounds to 101 Bcf/d NGI sees smaller storage injection The August Nymex gas futures contract ultimately settled…

July 24, 2023
Bearish Storage Print Sends Already Battered Natural Gas Futures Reeling; Spot Prices Slide

Bearish Storage Print Sends Already Battered Natural Gas Futures Reeling; Spot Prices Slide

Natural gas futures faltered on Thursday, driven lower by a robust inventory injection that reflected strong production and anemic demand. The July Nymex gas futures contract, which has lost ground each day this week, dropped 10.8 cents day/day and settled at $2.158/MMBtu.. August lost 8.5 cents to $2.273. At A Glance: EIA posts 110 Bcf…

June 1, 2023
Experts See Below-Average Atlantic Hurricane Season in 2023

Experts See Below-Average Atlantic Hurricane Season in 2023

Researchers at Colorado State University (CSU) anticipate a slightly below-average Atlantic hurricane season in 2023. This is principally due to the likely development of the El Niño weather phenomenon. However, “Given the conflicting signals between a potentially robust El Niño and an anomalously warm tropical and subtropical Atlantic, the team stresses that there is more…

April 14, 2023
Natural Gas Futures Extend Rally as Wintry Weather Nears; Spot Prices Surge

Natural Gas Futures Extend Rally as Wintry Weather Nears; Spot Prices Surge

Natural gas futures flew higher on Monday, bolstered by forecasts for substantially colder weather and stronger heating demand. The December Nymex contract gained 54.4 cents day/day to settle at $6.944/MMBtu, adding to a 42.5 cent rally in Friday’s session. January climbed 49.0 cents to $7.244. At A Glance: Forecasts add ‘hefty’ dose of demand Potential…

November 7, 2022
Natural Gas Forward Curves Retreat as Deadly Ian Rages Across Southeast

Natural Gas Forward Curves Retreat as Deadly Ian Rages Across Southeast

With natural gas production remaining stout – even amid temporary shut-ins ahead of Hurricane Ian – and cooler weather leaving its mark on storage inventories, natural gas forward prices continued to fall during the Sept. 22-28 week, according to NGI’s Forward Look. In the latter part of the period, all attention was on Florida, where…

September 30, 2022
Natural Gas Forward Prices Extend Losses as Ian Wipes Out Power to Millions

Natural Gas Forward Prices Extend Losses as Ian Wipes Out Power to Millions

With natural gas production remaining stout – even amid temporary shut-ins ahead of Hurricane Ian – and cooler weather leaving its mark on storage inventories, natural gas forward prices continued to fall during the Sept. 22-28 week, according to NGI’s Forward Look. In the latter part of the period, all attention was on Florida, where…

September 29, 2022
Natural Gas Forward Prices Plummet as Supply Growth Seen Improving Storage Outlook

Natural Gas Forward Prices Plummet as Supply Growth Seen Improving Storage Outlook

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

September 23, 2022
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