Market

Leading natural gas marketers collectively lost ground with sales volumes in 1Q2021, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings. The 25 gas marketers included in NGI‘s latest quarterly assessment reported combined sales transactions of 126.06 Bcf/d for the first quarter. The 23 covered companies with…

Dragged lower after a bearish government inventory report, natural gas futures plunged on Thursday after rallying more than 7.0 cents into the expiration of the June contract a day earlier. The July Nymex contract, in its debut as the front month, dropped 6.9 cents day/day and settled at $2.958/MMBtu. It had closed above $3.00 on…

Signs of spring point to lighter demand Traders continue to weigh anemic storage pulls Production recovers faster than demand from Texas storm The hangover of another anemic government inventory assessment weighed down natural gas futures on Friday. The April Nymex contract fell 6.8 cents day/day and settled at $2.600/MMBtu. It marked the seventh time in…

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…

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…

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…

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…

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…

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…