Market

Northern Freeze, LNG Strength Push December Natural Gas Futures Higher

Northern Freeze, LNG Strength Push December Natural Gas Futures Higher

EIA reported an injection of 8 Bcf natural gas into storage Further improvement in weather-driven demand fueled gains Continued strong LNG levels also provided price support Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday.  The December Nymex contract…

November 16, 2020
December Natural Gas Futures in Freefall; Prices Drop a Fifth Straight Session

December Natural Gas Futures in Freefall; Prices Drop a Fifth Straight Session

Persistently anemic weather-driven demand and weak spot prices once again weighed down natural gas futures on Friday, marking a fifth-consecutive day of losses and culminating a brutal week that saw the prompt month give up nearly 50 cents in total. The December Nymex contract shed 5.4 cents day/day and settled at $2.888/MMBtu on Friday. January…

November 6, 2020
December Natural Gas Futures Fall Further As Weather Worries Mount

December Natural Gas Futures Fall Further As Weather Worries Mount

BREAKING: U.S. EIA reports a natural gas withdrawal of 36 Bcf from storage for the week ending Oct 30, exceeding market expectations Natural gas futures fell for a third consecutive day Weak weather demand eclipsed robust liquefied natural gas levels Natural gas futures fell for a third consecutive day Wednesday as mild fall weather and…

November 5, 2020
Natural Gas Traders Take Breather, Await Clearer Weather Picture

Natural Gas Traders Take Breather, Await Clearer Weather Picture

Weather models struggling with chillier outlook Production higher as offshore output returns following Hurricane Delta Cash prices mixed as heat continues out West Natural gas futures headed lower Tuesday as morning weather models shifted warmer. Production moved considerably higher as well, sending the November Nymex gas futures contract down 2.6 cents to $2.855. December slipped…

October 14, 2020
Natural Gas Futures Rally as Demand Outlook Improves

Natural Gas Futures Rally as Demand Outlook Improves

BREAKING: U.S. EIA reports an injection of 66 Bcf into storage for week ending Sept. 18, comfortably below the low end of analyst estimates Futures rebounded after a steep slump earlier in the week Weather forecasts pointed to stronger demand Natural gas futures on Wednesday rebounded in force after a steep slump earlier in the…

September 24, 2020
Natural Gas Futures Fall as Hurricane Sally Injects Uncertainty

Natural Gas Futures Fall as Hurricane Sally Injects Uncertainty

BREAKING: The U.S. EIA reported an injection of 89 Bcf into natural gas storage for the week ending Sept. 11, exceeding high end of analyst expectations Sally made landfall on Alabama’s coast Wednesday The hurricane delivered strong winds and massive flooding Natural gas futures rallied over the first two days of the week but gave…

September 17, 2020
Nymex Natural Gas Futures Jump Despite Headwinds; California Cash Fizzles

Nymex Natural Gas Futures Jump Despite Headwinds; California Cash Fizzles

Winter premium in play as natural gas futures rally Storage containment still a risk if projected LNG demand falls short Western spot gas prices fall as heat set to ease Natural gas futures soared higher Tuesday as traders attempted to close the massive gap between the front of the curve and the winter contracts. Despite…

August 19, 2020
LNG Recap: Global Natural Gas Prices Converge as Market Tightens

LNG Recap: Global Natural Gas Prices Converge as Market Tightens

Global natural gas markets moved closer together last week with leading benchmarks posting significant gains as the outlook is seen improving. Henry Hub gas for September delivery jumped 33.5 cents week/week to average $2.090/MMBtu on Friday, while the prompt contract at the Dutch Title Transfer Facility (TTF) and the UK’s National Balancing Point both gained…

August 10, 2020
Light Storage Injection Fuels Surge in August Natural Gas Futures

Light Storage Injection Fuels Surge in August Natural Gas Futures

A modest storage injection eased containment concerns and overshadowed worries imposed by the coronavirus pandemic The EIA reported an injection of 37 Bcf that served as evidence that robust summer heat is driving strong cooling demand Spot prices advanced alongside continued lofty temperatures August natural gas futures advanced on Thursday as a modest storage injection…

July 24, 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
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