Markets

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
LNG Strength Boosts December Natural Gas Futures; Cash Falls

LNG Strength Boosts December Natural Gas Futures; Cash Falls

Natural gas futures on Friday traded in a narrow range of gains and losses as markets mulled weather-driven demand concerns against encouraging signs of tighter balances, notably including stronger liquefied natural gas (LNG) volumes that helped minimize storage injections.    The December Nymex contract ultimately gained 5.3 cents day/day and settled at $3.354/MMBtu. January rose 5.2…

October 30, 2020
Natural Gas Traders Jump on Positive LNG News, Cooler Weather Outlooks; Cash Strengthens

Natural Gas Traders Jump on Positive LNG News, Cooler Weather Outlooks; Cash Strengthens

Natural gas futures rallied Tuesday on news that full liquefied natural gas (LNG) exports could soon resume from two key Gulf Coast facilities. An increasingly chilly weather forecast solidified the momentum, with the November Nymex gas futures contract soaring 11.8 cents to settle at $2.913. December slipped 2.0 cents to $3.260. Spot gas also jumped…

October 20, 2020
October Natural Gas Futures Close Volatile Week on Low Note

October Natural Gas Futures Close Volatile Week on Low Note

Natural gas futures on Friday gave up ground amid profit-taking after skyrocketing over the two prior trading days, when liquefied natural gas (LNG) volumes improved and forecasts called for a cold shot across the East that could jumpstart heating demand. The October Nymex contract settled at $2.139/MMBtu, down 10.9 cents day/day. The prompt month had…

September 25, 2020
With LNG Demand Recovery Unclear, Natural Gas Futures Slide

With LNG Demand Recovery Unclear, Natural Gas Futures Slide

Nymex natural gas futures slip as pace of LNG recovery unclear Cooler weather outlooks for early September resurrect storage concerns Cash falls as Laura moves inland, dragging down temperatures Natural gas futures, fresh off a massive 12-cent climb, retreated a bit Friday as Hurricane Laura’s destruction slowly came into focus. Aided by a cooler weather…

August 31, 2020
Natural Gas Futures Retreat as LNG Demand Still Off After Laura

Natural Gas Futures Retreat as LNG Demand Still Off After Laura

Natural gas futures, fresh off a massive 12-cent climb, retreated a bit Friday as Hurricane Laura’s destruction slowly came into focus. Aided by a cooler weather outlook over the coming weeks, the October Nymex gas futures contract fell 5.3 cents to $2.657. November lost 2.7 cents to hit $2.916. Spot gas prices also were lower…

August 28, 2020