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February Natural Gas Futures Bounce Back on Renewed Expectation of Deep Freeze

February Natural Gas Futures Bounce Back on Renewed Expectation of Deep Freeze

Natural gas prices rebounded Friday from a loss the day earlier as volatile weather forecasts shifted back to expectations for a severe winter chill in late January that could drive a surge in heating demand. The February Nymex gas futures contract climbed 7.1 cents day/day and settled at $2.737/MMBtu on Friday. The advance more than…

January 15, 2021
New Fortress Expands Latin America LNG Position with Brazil Acquisition

New Fortress Expands Latin America LNG Position with Brazil Acquisition

New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets.  Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…

January 14, 2021
Natural Gas Futures Advance on Potential for Harsh Winter Freeze; Cash Prices Jump

Natural Gas Futures Advance on Potential for Harsh Winter Freeze; Cash Prices Jump

Natural gas prices surged early on Tuesday amid expectations for intensifying U.S. liquefied natural gas (LNG) export demand and increased anticipation of subfreezing air descending from Canada and covering large parts of the Lower 48 in late January. After spiking about 15 cents in morning trading, the February Nymex gas futures contract gave back much…

January 12, 2021
Prospect of Frigid Canadian Air Reaching Lower 48 Bolsters Natural Gas Futures Early

Prospect of Frigid Canadian Air Reaching Lower 48 Bolsters Natural Gas Futures Early

Buoyed by forecasts showing frigid temperatures finding their way into the Lower 48 later this month, natural gas futures rallied in early trading Tuesday. The February Nymex contract had surged 11.8 cents to $2.865/MMBtu as of 8:40 a.m. ET. Overall gas-weighted degree day expectations were largely unchanged day/day in the latest Bespoke Weather Services forecast…

January 12, 2021
Natural Gas Futures Called Lower Following Bearish Shift in Euro Weather Model

Natural Gas Futures Called Lower Following Bearish Shift in Euro Weather Model

As traders accounted for milder trends in the latest forecasts and potential price impacts from upcoming government inventory data, natural gas futures were trading a few ticks lower early Thursday. The February Nymex contract was down 1.8 cents to $2.698/MMBtu at around 8:45 a.m. ET. As of early Thursday, the American and European weather models…

January 7, 2021
February Natural Gas Futures Soar to Extend New Year Momentum

February Natural Gas Futures Soar to Extend New Year Momentum

Natural gas prices spiked Tuesday, extending the gain made a day earlier to jumpstart 2021 trading, as weather models pointed to fresh bouts of cold air over the Midwest and East in the second half of January. The February Nymex gas futures contract jumped 12.1 cents day/day and settled at $2.702/MMBtu. March advanced 11.2 cents…

January 5, 2021
Mexico Natural Gas Pricing Pointing Northward in 2021

Mexico Natural Gas Pricing Pointing Northward in 2021

Mexico should expect higher natural gas prices in 2021 as coronavirus vaccines become available and global economies heat up following the pandemic-inspired slump of 2020. Even the Waha hub in West Texas, which saw wild pricing swings and went negative on numerous occasions in 2020, should see more stability and a reduced differential to Henry…

January 5, 2021
Natural Gas Futures Rally Early in the New Year as Analysts Expecting Bright 2021 for Bulls

Natural Gas Futures Rally Early in the New Year as Analysts Expecting Bright 2021 for Bulls

Colder trends in the forecast, set against a backdrop of bullish expectations for prices in the year ahead, saw natural gas futures rally to start off 2021. As of around 8:45 a.m. ET Monday, the February Nymex contract was up 13.0 cents to $2.669/MMBtu. Compared to expectations prior to the New Year’s Day holiday, forecasts…

January 4, 2021
LNG Strength Offers Hope for Natural Gas Bulls as Futures Pare Losses Early

LNG Strength Offers Hope for Natural Gas Bulls as Futures Pare Losses Early

With natural gas bulls finding solace in strong demand from exports even as winter weather continues to disappoint, futures recovered some of their recent losses in early trading Tuesday.  The January Nymex contract was up 4.5 cents to $2.350/MMBtu at around 8:45 a.m. ET. February was up 5.2 cents to $2.378. The overnight weather data…

December 29, 2020
Natural Gas Futures Jump on Expectations for Colder Conditions and Lofty Storage Withdrawal

Natural Gas Futures Jump on Expectations for Colder Conditions and Lofty Storage Withdrawal

Natural gas futures advanced Tuesday on forecasts for colder weather and a bullish withdrawal from storage. Improved liquefied natural gas (LNG) levels added a dose of optimism. The January Nymex contract climbed 7.5 cents day/day and settled at $2.780/MMBtu. February rose 6.0 cents to $2.749. NGI’s Spot Gas National Avg. rose 5.5 cents to $2.870.  …

December 22, 2020
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