The saying goes that all good things must come to an end, and for the natural gas market, that happened on Wednesday as prices retreated following a three-day rally that sent the prompt month some 30 cents higher. With a warmer turn in the latest weather forecasts, the May Nymex gas futures contract settled at $1.783, down 6.9 cents day/day. June fell 5.3 cents to $1.896.
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NGI The Weekly Gas Market Report
LNG Recap: Week Begins with Some Stability Following Stretch of Market Turmoil
There was a measure of calm in the liquefied natural gas (LNG) market on Monday following a week of oddities and record low prices across a world reeling from the coronavirus outbreak.
Another Down Day for Natural Gas Futures Ahead of Highly Anticipated EIA Report
Natural gas traders continued to sell off positions Wednesday in anticipation of critical data that may offer the first clues on how much U.S. demand has been lost in the wake of the coronavirus. The May Nymex gas futures contract hit a $1.679/MMBtu intraday high but ultimately settled at $1.587, down 5.3 cents day/day. June fell 4.4 cents to $1.712.
Another Down Day for Natural Gas Futures Ahead of Highly Anticipated EIA Report
Natural gas traders continued to sell off positions Wednesday in anticipation of critical data that may offer the first clues on how much U.S. demand has been lost in the wake of the coronavirus. The May Nymex gas futures contract hit a $1.679/MMBtu intraday high but ultimately settled at $1.587, down 5.3 cents day/day. June fell 4.4 cents to $1.712.
Virus Seen Hammering Demand into Injection Season as Natural Gas Futures Plummet
With the coronavirus pandemic imperiling not only public health but also energy demand, natural gas futures joined in a wave of selling across the broader economy Wednesday. Undercutting the previous four-year front month low, the April Nymex contract settled at $1.604/MMBtu, down 12.5 cents
LNG Q&A: Long-Time Trader Discusses Global Natural Gas Market’s Evolution
Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond.
Natural Gas Futures Volatile as Economic Uncertainty Abounds
As the coronavirus officially became a pandemic, and as energy traders continued to try to steer through a whirlwind of economic uncertainty, natural gas futures turned in a volatile day of trading Wednesday. After approaching the $2.000/MMBtu mark, the April Nymex contract ultimately fell back to settle at $1.878, down 5.8 cents.
Fallout from Oil Price War Too Early to Call, but Steeper U.S. Production Cuts Could Benefit Natural Gas
An oil price war launched by the Organization of the Petroleum Exporting Countries (OPEC) and Russia battered crude oil and stocks Monday, but the long-term ramifications may not be all doom and gloom for natural gas, especially in the Permian Basin, according to analysts.
NGI The Weekly Gas Market Report
No Doomsday Scenario Seen for U.S. Energy Market in Tricky Predictions of LNG Shut-Ins
U.S. liquefied natural gas (LNG) terminals are unlikely to shut in significant amounts of the super-chilled fuel this year, but as the export market confronts historically low prices and a global supply glut, it’s not a possibility that can be easily ruled out or even defined.
LNG Recap: Cargo Cancellations, Coronavirus Weighing on Global Market
Tellurian Inc. said Monday that its massive Driftwood LNG export project proposed for Louisiana is “shovel ready,” with construction targeted to start this year.