January Nymex natural gas futures extended a relief rally into the fourth trading day Monday as hints of colder January weather provided some support, but weather and fundamental outlooks suggested the upside movement would be short lived. At A Glance: Futures reverse early larger gains Supply outweighs brief weather support Cooldown helps cash mostly higher…
January
Articles from January
January Natural Gas Crashes as Winter Weather Lacks Staying Power; Cash Prices Mostly Up
Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand. At A Glance: Front month sinks 15.0 cents Mild weather persists California spot prices rise The January Nymex natural gas contract settled 15.0 cents lower at $2.431/MMBtu. The front-month reversed earlier losses to a $2.294 intraday low. February…
January Natural Gas Futures Retreat Despite Outlook For Large Storage Withdrawal
Updated weather forecasts pointed to ongoing mild conditions that would generate a lack of heating demand through the first half of December. The outlook drove January natural gas futures another leg lower, even as the market eyes what could be the first triple-digit withdrawal from inventories of the season in data due out Thursday. At…
Winter Weather Sends Western Natural Gas Forward Prices Soaring
Winter volatility saw Western natural gas forward hubs post huge gains during the Dec. 15-21 trading period, while expectations for a very mild start to 2023 drove deep discounts elsewhere in the Lower 48, NGI’s Forward Look data show. With intense Arctic cold diving from the Northwest into the heart of the Lower 48, spot…
Natural Gas Futures Drop as Arctic Cold Forecast to Diminish; Cash Prices Climb
Natural gas futures flopped a second consecutive trading day as the weather outlook for later this month and early next pointed to milder conditions and easing demand. The January Nymex gas futures contract settled at $5.851/MMBtu on Monday, down 74.9 cents day/day. February fell 59.3 cents to $5.710. At A Glance: Forecasts for soft start…
Lower 48 Permitting Climbs in January but Down Sharply From Year-Ago Totals
U.S. onshore permits climbed 12% to 2,612 in January from December, mostly from a rebound in the Permian Basin, but overall activity was sharply off from a year ago, according to a recap by Evercore ISI.
Oil, Natural Gas Production Growth From Key Onshore Plays Nearly Flat Next Month, Says EIA
Oil and natural gas production from seven of the United States’ most prolific onshore unconventional plays is expected to increase in February compared with January, but at a markedly slower pace than in the recent past, according to the Energy Information Administration (EIA).
Oil, Natural Gas Production Growth From Key Onshore Plays Nearly Flat Next Month, Says EIA
Oil and natural gas production from seven of the United States’ most prolific onshore unconventional plays is expected to increase in February compared with January, but at a markedly slower pace than in the recent past, according to the Energy Information Administration (EIA).
EIA Lowers ’19 Henry Hub Forecast to $2.83; Polar Vortex Gas Demand Near Record
Strong growth in domestic natural gas production is expected to keep downward pressure on prices in 2019, according to the Energy Information Administration (EIA), which has lowered its forecast for Henry Hub prices.
February NatGas Called Higher as Bulls Gain the Momentum on Weather
February natural gas was set to open about 3.4 cents higher at around $2.948 Friday, building on recent momentum as the market has been able to rally on sustained below normal temperatures heading into the new year.