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…
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As Balances Loosen and Weather Forecasts Shift Warmer, Natural Gas Futures Continue Struggle
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…
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…
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…
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…
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…
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…
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…
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…
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…