Markets

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…

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…

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…

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…

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…

Weekly cash market prices ratcheted up across much of the Lower 48, led higher by strong cooling demand in California and swaths of the East. NGI’s Weekly Spot Gas National Avg. for the July 27-30 period jumped 13.5 cents to $1.755. Trading on Friday (July 31) was for gas delivered on Monday (Aug. 3). For…

August natural gas futures rebounded Tuesday amid news of continued robust exports to Mexico and a varied weather outlook that anticipates cooler near-term conditions but potential for heat to intensify in coming weeks. Analysts cautioned trading would be choppy ahead of the September contract becoming the front month on Thursday. The August Nymex contract rose…

Absent other demand catalysts, a modest pullback in the intensity of heat expected by forecasters was enough to push down August natural gas futures Increased spread of the coronavirus in recent weeks has raised concerns about a second economic slump Against that backdrop, worries about meager export levels linger Absent other demand catalysts, a modest…

After declining by 20% this spring in part on the Covid-19 pandemic, Canadian oil and natural gas liquids production will only achieve partial recovery into the first half of 2021, according to the U.S. Energy Information Administration (EIA). The Covid-19 pandemic and unstable commodity prices lopped 1.1 million b/d off 2019 supplies of 5.5 million…