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Two-Day Surge Ends for Natural Gas Futures; Transwestern Outage Impacts Permian Cash

Two-Day Surge Ends for Natural Gas Futures; Transwestern Outage Impacts Permian Cash

BREAKING: U.S. EIA reports a highball 33 Bcf injection into storage inventories for week ending July 31 Natural gas futures on steadier foot after wild two-day rally Analysts say stronger pricing may be here to stay Transwestern force majeure drags Permian cash lower After a two-day rally that added roughly 40 cents to the price…

August 6, 2020
Natural Gas Futures Steady After Wild Two-Day Run; Cash Mixed

Natural Gas Futures Steady After Wild Two-Day Run; Cash Mixed

After a two-day rally that added roughly 40 cents to the price of September natural gas, Nymex futures stalled Wednesday as recent cooler shifts in the weather data were too much to ignore. The September Nymex contract settled two-tenths of a cent lower at $2.191. October was nearly unchanged at $2.331. Spot gas prices also…

August 5, 2020
Natural Gas Futures Extend Rally on Easing Storage Fears, Recovering LNG Demand

Natural Gas Futures Extend Rally on Easing Storage Fears, Recovering LNG Demand

One day after posting largest single-day gain in the last year and a half, natural gas futures moved another leg higher Tuesday Spot gas prices remained upward bound too One day after posting the largest single-day gain in the last year and a half, natural gas futures moved another leg higher, surging past the long-term…

August 5, 2020
Natural Gas Bulls Send September Futures to Fresh High; Cash Strength Continues

Natural Gas Bulls Send September Futures to Fresh High; Cash Strength Continues

One day after posting the largest single-day gain in the last year and a half, natural gas futures moved another leg higher, surging past the long-term high established earlier this year. September Nymex gas settled Tuesday at $2.193, up 9.2 cents from Monday’s close. October rose 9.5 cents to $2.334. Spot gas prices also continued…

August 4, 2020
Natural Gas Futures Explode Higher as Technical Trading Comes into Play

Natural Gas Futures Explode Higher as Technical Trading Comes into Play

September Nymex natural gas futures post stunning 30-cent rally Weather forecasts flip back hotter, while LNG demand climbs Cash strengthens despite cooler weather this week In a shocking move that appears to be based on more than pure fundamentals, natural gas futures surged as much as 35.5 cents on Monday, busting out of their previous…

August 4, 2020
Appalachian Stalwart Cabot Sees Natural Gas Outlook Improving as Winter Nears

Appalachian Stalwart Cabot Sees Natural Gas Outlook Improving as Winter Nears

Cabot Oil & Gas Corp. is cautiously optimistic that the natural gas market will improve as winter draws nearer, following a second quarter in which it weathered the ongoing downturn.  “We anticipate that the improving demand outlook for natural gas, in conjunction with accelerated structural declines in supply resulting from significant activity cuts across all…

July 31, 2020
September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations

September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations

The U.S. EIA reported an injection of 26 Bcf natural gas storage for the week ending July 24 Forecasts shifted further cooler for early August Concerns simmered about liquefied natural gas exports September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as…

July 31, 2020
September Natural Gas Futures in the Red After Higher-Than-Expected Storage Injection

September Natural Gas Futures in the Red After Higher-Than-Expected Storage Injection

The U.S. Energy Information Administration (EIA) reported an injection of 26 Bcf into storage for the week ending July 24, a print that came in slightly above the average of major polls and pushed Nymex natural gas futures lower. The result implies that demand, lifted by summer heat and strong energy use for cooling, is…

July 30, 2020
Permian Natural Gas Output Seen Rebounding Sharply, with Pipe Constraints Likely from 2023 Onward

Permian Natural Gas Output Seen Rebounding Sharply, with Pipe Constraints Likely from 2023 Onward

Natural gas production from the Permian Basin is expected to return to record levels by late 2021 and reach 16 Bcf/d by the end of 2023, although delayed pipeline approvals could limit takeaway capacity beginning in 2023, according to new analysis by Rystad Energy. The 16 Bcf/d figure, which assumes a $45-50/bbl West Texas Intermediate…

July 28, 2020
August Natural Gas Futures Dive Lower on Cooler Outlook

August Natural Gas Futures Dive Lower on Cooler Outlook

Natural gas futures lost momentum as national forecasts shifted cooler Storm activity in the Gulf of Mexico also ushered in milder temperatures through parts of the central United States Cash prices moved higher, led by surges in California August natural gas futures lost momentum on Monday, as storm activity in the Gulf of Mexico (GOM)…

July 28, 2020