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August Natural Gas Futures Jump After Lower Storage Injection, Signs of Stronger Demand

August Natural Gas Futures Jump After Lower Storage Injection, Signs of Stronger Demand

Natural gas futures advanced Thursday after the latest storage build came in below analysts’ average expectations and indicated that intensifying summer heat had started to drive stronger cooling demand and power burns. The August Nymex contract rose 6.3 cents day/day and settled at $1.734 /MMBtu. September rose 6.4 cents to $1.785.  NGI’s Spot Gas National…

July 2, 2020
McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt

McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt

Houston-based McDermott International Ltd. has emerged from voluntary bankruptcy and cleared nearly all of its $4.6 billion debt off the books. The engineering, procurement and contracting (EPC) giant, which launched restructuring through Chapter 11 early this year, emerged with a $2.4 billion letter of credit capacity and $544 million of funded debt. “We will continue…

July 2, 2020
August Natural Gas Futures Tumble on Lower LNG Feed Gas Volumes

August Natural Gas Futures Tumble on Lower LNG Feed Gas Volumes

BREAKING: U.S. EIA reports injection of 65 Bcf for the week ending June 26 LNG feed gas demand was down notably Wednesday Forecasts continued to call for strong heat through mid-July Markets will next turn to Thursday’s storage report Natural gas futures lost momentum Wednesday following two days of solid gains, after a disappointing drop…

July 2, 2020
USMCA Launches Amidst Frayed Relationship Between Mexico Government, Private Sector

USMCA Launches Amidst Frayed Relationship Between Mexico Government, Private Sector

Officials in Mexico celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after years of negotiations.  “This is going to be one of the motors of the relaunch of the Mexican economy,” Mexican Finance Minister Arturo Herrera said in a virtual address.…

July 1, 2020
Weak LNG Feed Gas Volumes Sink August Natural Gas Futures Ahead of Storage Report

Weak LNG Feed Gas Volumes Sink August Natural Gas Futures Ahead of Storage Report

Natural gas futures lost momentum Wednesday following two days of solid gains, after a disappointing drop in liquified natural gas (LNG) feed flows amplified concerns that supply/demand balances are largely dependent on extreme heat. The August Nymex contract declined 8.0 cents day/day and settled at $1.671/MMBtu. September fell 6.8 cents to $1.721. The August contract…

July 1, 2020
August Natural Gas Futures Extend Rally as Heat Outlook Further Intensifies

August Natural Gas Futures Extend Rally as Heat Outlook Further Intensifies

Natural gas futures posted another solid advance as optimism intensified that summer heat will drive strong energy demand A day earlier the prompt month surged 16.5 cents Forecasts call for strong heat through mid-July across most of the Lower 48 Natural gas futures posted another solid advance Tuesday as optimism intensified that summer heat will…

July 1, 2020
Drop in LNG Feed Gas Volumes Sinks Natural Gas Futures Early

Drop in LNG Feed Gas Volumes Sinks Natural Gas Futures Early

Indications of a drop in liquefied natural gas (LNG) export demand had natural gas futures trading sharply lower early Wednesday. The August Nymex contract was down 8.9 cents to $1.662/MMBtu at around 8:40 a.m. ET. Estimates from Genscape Inc. showed U.S. LNG feed gas demand down to 3.1 Bcf/d early Wednesday, a 1.1 Bcf/d day/day…

July 1, 2020
With Stronger Heat Looming, Natural Gas Futures Rebound with Double-Digit Avance

With Stronger Heat Looming, Natural Gas Futures Rebound with Double-Digit Avance

New outlook for more extreme heat fueled optimism about seasonally stronger energy demand Monday’s gain marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low before moving off the board  Spot prices surged Monday Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for…

June 30, 2020
August Natural Gas Futures Mount Vigorous Rally on Forecasts for More Intense Heat

August Natural Gas Futures Mount Vigorous Rally on Forecasts for More Intense Heat

Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for more extreme July heat that could drive seasonally stronger energy demand. The August Nymex contract surged 16.5 cents day/day and settled at $1.709/MMBtu. It marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low…

June 29, 2020
Natural Gas Futures Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat

Natural Gas Futures Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat

Natural gas futures fought off a fifth-consecutive decline amid forecasts for above-normal temperatures A day earlier, futures dropped to a 25-year low after a massive storage build spooked markets  Spot prices lost ground amid lingering concerns about oversupply Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering…

June 29, 2020
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