Markets

Mounting Export Demand Fuels April Natural Gas Futures

Mounting Export Demand Fuels April Natural Gas Futures

LNG volumes hovered near record levels Forecasts called for continued soft weather demand Cash prices declined as heating needs faded Natural gas futures on Friday edged higher as robust liquefied natural gas (LNG) levels and a brightening economic picture offset festering worry about weak weather-driven demand heading into the spring shoulder season. The April Nymex…

March 22, 2021
Regulatory Uncertainty Said Holding Back Brazil’s Potential Regasification Boom

Regulatory Uncertainty Said Holding Back Brazil’s Potential Regasification Boom

Brazil is being seen increasingly as an attractive destination for liquefied natural gas (LNG), but regulatory barriers are hindering development of the country’s market. According to analysts at shipbroker Poten & Partners, regasification project developers and infrastructure owners are “pushing back against what they see as regulatory barriers” holding back the promised liberalization of the…

March 12, 2021
April Natural Gas Futures Languish as LNG Eases and Mild Weather Spreads

April Natural Gas Futures Languish as LNG Eases and Mild Weather Spreads

Natural gas futures on Tuesday finished in the red for a fifth consecutive session, as traders mulled forecasts for light heating demand, a leveling off of liquefied natural gas (LNG) levels and early expectations for a light storage withdrawal. The April Nymex contract declined two-tenths of a cent day/day and settled at $2.662/MMBtu. May declined…

March 9, 2021
Touch of Warmth in Forecasts Gives Natural Gas Bears ‘Ammunition’ in Price Pullback; Cash Mixed

Touch of Warmth in Forecasts Gives Natural Gas Bears ‘Ammunition’ in Price Pullback; Cash Mixed

After hinting at some weakness earlier in the week, natural gas futures moved decidedly lower on Tuesday as traders realized they may have given Punxsutawney Phil a little too much credit. With the brutal cold circulating through the Lower 48 seen fading before month’s end and a more seasonal pattern in store thereafter, the March…

February 9, 2021
Wild Intraday Pricing Behavior Ends with Natural Gas Futures Nearly Flat; Cash Still Strong

Wild Intraday Pricing Behavior Ends with Natural Gas Futures Nearly Flat; Cash Still Strong

Natural gas futures settled nearly flat on Tuesday, but not before the March Nymex contract surged over the $3.00/MMBtu threshold. The prompt month reached an intraday high of $3.005 as the frigid air blanketing much of the eastern United States this week was seen continuing through at least the first half of the month. However,…

February 2, 2021
Warmer Weather Outlook Snaps 2021 Win Streak for Natural Gas Futures

Warmer Weather Outlook Snaps 2021 Win Streak for Natural Gas Futures

Natural gas futures faltered on Friday, ending a five-day streak of positive finishes. Traders focused on a shift in weather forecasts that pointed to a potential delay in the onset of widespread freezing temperatures from early in the third full week of January to later in the month. The February Nymex gas futures contract settled…

January 8, 2021
Light Christmas Eve Trading Ends with Natural Gas Futures in Rudolph Red

Light Christmas Eve Trading Ends with Natural Gas Futures in Rudolph Red

Natural gas traders on Thursday couldn’t be convinced to go long despite the extended Christmas holiday weekend, especially with the weather data turning milder with every run of the latest models. The January Nymex gas futures contract settled Christmas Eve at $2.518, down 9.0 cents. February slipped 7.6 cents to $2.512. Spot gas prices, which…

December 24, 2020
January Natural Gas Futures Climb After Winter Freeze, Inventory Decline; Cash Prices Lose Luster

January Natural Gas Futures Climb After Winter Freeze, Inventory Decline; Cash Prices Lose Luster

Natural gas futures advanced Friday following forecasts for freezing temperatures, steadily strong liquefied natural gas (LNG) levels and a bullish withdrawal from storage. The January Nymex contract settled at $2.700/MMBtu, up 6.4 cents day/day. February rose 4.4 cents to $2.681. NGI’s Spot Gas National Avg., meanwhile, dropped 55.0 cents to $3.010. Traders took profits and…

December 18, 2020
Natural Gas Futures Stall; Northeast Cash Strong Ahead of ‘Near-Blizzard’ Conditions

Natural Gas Futures Stall; Northeast Cash Strong Ahead of ‘Near-Blizzard’ Conditions

Natural gas futures shifted into neutral Tuesday amid some inconsistencies in the weather data and a dip in liquefied natural gas (LNG) demand. After four straight sessions in the green, the January Nymex gas futures contract settled flat on the day at $2.682. February also was nearly unchanged at $2.680. Spot gas prices were mixed…

December 15, 2020
Natural Gas Futures Tread Water as Seesawing Weather Models Counter Record LNG, Supply Cuts

Natural Gas Futures Tread Water as Seesawing Weather Models Counter Record LNG, Supply Cuts

Tuesday marked a second day of small shifts along the natural gas futures curve, with flip-flopping in the latest weather models taking a toll on prices. Even with export demand hitting a fresh high and supply taking a hit, the January Nymex contract fell as much as 4.9 cents before going on to settle only…

December 1, 2020
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