Expectations for strong near-term cooling needs buoyed gas prices New indications that U.S. exports could recover later in 2020 proved another positive Fallout from the coronavirus remains a major wildcard August natural gas futures gathered momentum on Tuesday, buoyed by expectations for strong near-term cooling demand and new indications that U.S. exports could recover later…
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August Natural Gas Futures Recover Ground Amid Cooling Demand Expectations, Signs of LNG Improvement
August natural gas futures gathered momentum on Tuesday, buoyed by expectations for strong near-term cooling demand and new indications that U.S. exports could recover later in 2020. The August Nymex contract climbed 3.4 cents day/day and settled at $1.675/MMBtu. September gained 3.0 cents to $1.714. NGI’s Spot Gas National Avg. lost a half-cent to $1.615.…
Cooler Forecasts and Broader Demand Concerns Weigh on August Natural Gas Futures
Absent other demand catalysts, a modest pullback in the intensity of heat expected by forecasters was enough to push down August natural gas futures Increased spread of the coronavirus in recent weeks has raised concerns about a second economic slump Against that backdrop, worries about meager export levels linger Absent other demand catalysts, a modest…
NARUC Partnership with DOE to Explore Emerging Natural Gas Technologies
To share information on novel technologies and investments in natural gas, the National Association of Regulatory Utility Commissioners (NARUC) has announced a partnership with the U.S. Department of Energy (DOE). The partnership follows the success of the NARUC-DOE Natural Gas Infrastructure Modernization Partnership (NGIMP) in 2016, which created numerous educational handbooks on natural gas. The…
Argentina Natural Gas Production Falls 9.2% in May
Natural gas production in Argentina decreased by 9.2% year/year in May to 124.4 million cubic meters/day (MMm3/d), or 4.39 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Analysts blamed the movement restrictions in place because of Covid-19 leading to lower activity and reduced demand. Argentina has had one of the strictest…
Imbalance Concerns Stall August Natural Gas Futures
Worry about coronavirus fallout and weak liquefied natural gas exports weighed on markets Friday The potential for premature production increases permeated markets Forecasters continue to call for above-normal July heat and strong cooling demand Persistent concerns about coronavirus fallout, weak liquefied natural gas (LNG) exports and potentially premature production increases weighed on markets Friday, outshining…
August Natural Gas Futures Fail to Find Footing amid Sustained Heat, Containment Concerns
Persistent concerns about coronavirus fallout, weak liquefied natural gas (LNG) exports and potentially premature production increases weighed on markets Friday, outshining optimism about strong cooling demand. The August Nymex contract fell a half-cent day/day and settled at $1.718/MMBtu. September fell 1.1 cents to $1.765. NGI’s Spot Gas National Avg. rose a half-cent to at $1.685.…
LNG Weakness Offsets Bullish Storage Report, Pushes Down August Natural Gas Futures
A coronavirus resurgence and the potential for it to keep liquefied natural gas exports at depressed levels weighed on markets The U.S. Energy Information Administration reported an injection of 45 Bcf, below the average estimates of major polls Spot prices advanced amid continued strong summer heat A favorable storage report was overshadowed on Thursday by…
Under Shadow of Coronavirus, LNG Woes Weigh Down August Natural Gas Futures Despite Positive Storage Report
A favorable storage report was overshadowed on Thursday by a coronavirus resurgence and its potential to keep liquefied natural gas (LNG) exports at depressed levels. The August Nymex contract lost 5.5 cents day/day and settled at $1.723/MMBtu. September fell 4.2 cents to $1.776. NGI’s Spot Gas National Avg. advanced 1.0 cents to $1.680. The U.S.…
Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report
BREAKING: U.S. EIA reports an injection of 45 Bcf into storage for the week ending July 10 Liquefied natural gas remains an area of weakness as the coronavirus pandemic extends deep into the summer But natural gas pipeline exports to Mexico are a relative bright spot, hitting daily record levels Natural gas futures advanced Wednesday…