Following back-to-back gains, natural gas futures faltered Wednesday, held in check by meager export volumes and expectations for the next government inventory report to show continued stout supplies in underground storage. At A Glance: 50s Bcf storage build expected Production remains wild card Weather demand strengthens The August Nymex gas futures contract settled at $2.632/MMBtu,…
Kingsgate
Articles from Kingsgate
Natural Gas Futures Retreat on Profit-Taking, Rising Storage Surpluses
After a nearly 36.0-cent rally over the past three trading sessions, natural gas traders booked profits amid a stable weather outlook and continued soft production. The May Nymex gas futures contract settled Wednesday at $2.222/MMBtu, off 14.4 cents from Tuesday’s close. June futures fell 12.2 cents to $2.395. At A Glance: Near-term outlook still bearish…
April 19, 2023
Upward Momentum Stalls on Moderating Forecasts as Natural Gas Futures Slide; Cash Discounts Widespread
Natural gas futures reversed lower Wednesday as the intensity of frigid temperatures expected into the back half of December moderated somewhat in the latest forecasts. The January Nymex contract plunged 50.5 cents to settle at $6.430/MMBtu. At A Glance: Profit-taking driven by milder temps, Freeport ‘Potent Arctic blast’ still seen next week Cash plummets as…
December 14, 2022
Transportation Note
Replacement of its A-Line north of Stanfield, OR, is keepingKingsgate capacity of PG&E GT-NW limited to 2,250 MMcf/d-370MMcf/d under the April norm-through Friday. Hydrostatic testing ofthe line at Station 6-A will further limit Kinggate to 2,190 MMcf/dApril 19-22.
April 15, 1999
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