Markets

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…

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…

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…

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…

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,…

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…

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…

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…

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…