Markets

December Natural Gas Futures Maintain Momentum Amid Mixed Demand Outlook

December Natural Gas Futures Maintain Momentum Amid Mixed Demand Outlook

Natural gas futures posted a modest gain Tuesday, marking a third consecutive day of advances as traders contemplated a mixed weather outlook and wide-ranging expectations for this week’s early storage report. The December Nymex contract advanced 6.4 cents day/day to settle at $2.775/MMBtu. January rose 7.7 cents to $2.900. NGI’s Spot Gas National Avg. fell…

November 24, 2020
Momentum Eludes December Natural Gas Futures as Production Rises, Domestic Demand Tapers

Momentum Eludes December Natural Gas Futures as Production Rises, Domestic Demand Tapers

Natural gas futures on Tuesday traded sideways as markets weighed modest weather-driven demand and rising production against continued strength in exports. The December Nymex contract flipped between slight gains and losses throughout much of Tuesday’s session and ultimately settled at $2.692/MMBtu, down a half-cent day/day. January fell 2.0 cents to $2.844. A day earlier, the…

November 17, 2020
Market Slow to Embrace CME’s U.S. LNG Futures Contract One Year After Launch

Market Slow to Embrace CME’s U.S. LNG Futures Contract One Year After Launch

Roughly a year after CME Group launched its U.S. liquefied natural gas (LNG) futures contract, the first ever available in the world for physical LNG delivery, it has yet to trade as the spot market continues to evolve and global players have long been slow to adopt new financial tools in their deals.  Developing a…

November 17, 2020
With Modest Weather Support, December Natural Gas Futures Sustain Momentum

With Modest Weather Support, December Natural Gas Futures Sustain Momentum

Slightly improved weather-driven demand and rising spot prices fueled gains Production has generally held steady and near 2020 lows this month Liquefied natural gas demand has proven strong for several weeks Slightly improved weather-driven demand and rising spot prices fueled a second-straight day of gains for natural gas futures. The December Nymex contract gained 8.2…

November 12, 2020
December Natural Gas Futures Recover Ground on Colder Weather, Avoid Seventh Straight Day of Losses

December Natural Gas Futures Recover Ground on Colder Weather, Avoid Seventh Straight Day of Losses

Regional heating demand was expected to heighten Production declined and liquefied natural gas levels held strong Spot prices improved for a second consecutive day Regional heating demand is expected to heighten along with colder temperatures in the Mountain West and snow over the Northern Plains this week, helping to counter warmth elsewhere across the Lower…

November 11, 2020
Natural Gas Futures Rebound as Weather Forecasts Stabilize, Spot Prices Mount, and Pandemic’s Potential End in Sight

Natural Gas Futures Rebound as Weather Forecasts Stabilize, Spot Prices Mount, and Pandemic’s Potential End in Sight

Regional heating demand is expected to heighten along with colder temperatures in the Mountain West and snow over the Northern Plains this week, helping to counter warmth elsewhere across the Lower 48 and fueling a long-awaited rally on Tuesday in natural gas futures. Over the prior six trading sessions, the prompt month shed nearly 50…

November 10, 2020
Henry Hub to Average $3.42 in January, Spurred by Rising LNG, Lower Production, EIA Says

Henry Hub to Average $3.42 in January, Spurred by Rising LNG, Lower Production, EIA Says

Natural gas spot prices at Henry Hub are poised to ascend to an average $3.42/MMBtu in January on a combination of space heating demand, rising liquefied natural gas (LNG) exports and lower production, according to updated projections from the Energy Information Administration (EIA). In its latest Short-Term Energy Outlook (STEO), published Tuesday, EIA said it…

November 10, 2020
Heightened Seasonality, Volatility Possible as U.S. Natural Gas Goes Global

Heightened Seasonality, Volatility Possible as U.S. Natural Gas Goes Global

After a years-long period of relatively low volatility, Henry Hub natural gas prices are expected to see more “peaks and valleys” ahead on growing export demand and a lack of infrastructure development, according to RBN Energy LLC President David Braziel. On Monday, the first day of the 2020 LDC Natural Gas Forum in San Antonio,…

November 10, 2020
December Natural Gas Futures Falter as Forecasts Call for Extended Periods of Warmth

December Natural Gas Futures Falter as Forecasts Call for Extended Periods of Warmth

Futures tumbled a second consecutive day as weather models leaned increasingly bearish LNG feed gas volumes remained strong Expectations mounted for the first storage withdrawal of the season Natural gas futures tumbled a second consecutive day as weather models leaned increasingly bearish for much of November, offsetting continued liquefied natural gas (LNG) strength and anticipation…

November 4, 2020
December Natural Gas Futures Stumble Amid Higher Temperatures, Election Uncertainty

December Natural Gas Futures Stumble Amid Higher Temperatures, Election Uncertainty

Natural gas futures tumbled a second consecutive day as weather models leaned increasingly bearish for much of November, offsetting continued liquefied natural gas (LNG) strength and anticipation for the first withdrawal from storage of the season. Election Day uncertainty may also have sidelined some traders. The December Nymex contract fell 18.5 cents day/day and settled…

November 3, 2020
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