Natural gas futures fell Monday, kicking off the new month much in the way 2023 has gone so far – under pressure from strong production, modest weather-driven demand and stout storage supplies. At A Glance: Prompt month sheds 11.9 cents Production, supplies robust Weakening weather outlook The May Nymex gas futures contract settled at $2.097/MMBtu,…
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Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders
Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped…
December 12, 2022
Cooling Loads Seen Below Average; September Called 9 Cents Lower
September natural gas is expected to open 9 cents lower Monday morning at $2.85 as weather models turned cooler, sending estimated cooling load below seasonal norms. Overnight oil markets were mixed.
July 31, 2017
Further Declines Seen, Yet January Called 3 Cents Higher
January natural gas is set to open 3 cents higher Tuesday morning at $3.54 as overnight weather models are mixed and technical analysts still see the uptrend intact. Overnight oil markets rose.
December 13, 2016
Weather Models Turning Cooler; Expiring December Called 10 Cents Higher
The expiring December natural gas futures contract is expected to open 10 cents higher Monday morning at $3.19 as weather trends continue to favor cooler regimes going forward while production and drilling lag. Overnight oil markets rose.
November 28, 2016
December to Open Lower as Weather Models Vacillate
December natural gas is set to open 2 cents lower Friday morning at $2.75 as weather models find consistent solutions elusive and forecasters call for ongoing relative warmth. Overnight oil markets fell.
November 4, 2016
Weather Models Continue Moderation, Yet April Seen A Penny Higher
April natural gas is set to open a penny higher Tuesday morning at $1.72 as traders discount, for the moment, a market landscape heavily biased toward not only oversupply but potentially problematic inventory issues at the end of the injection season. Overnight oil markets were mixed.
March 1, 2016
January Set to Go Out Like A Lion, Seen Up 9 Cents
The expiring January contract is called 9 cents higher Tuesday morning at $2.32 as traders square books before the end of January trading and weather forecasts ratchet cooler. Overnight oil markets were mixed.
December 29, 2015
Weather, Technicals Undermining Near-Term Potential; January Seen 8 Cents Lower
January natural gas is set to open 8 cents lower Tuesday morning at $3.93 as traders see weather and technical factors working to suppress any meaningful market upside. Overnight oil markets fell.
December 2, 2014
Westport, Volvo Adding Variety to NGV Offerings
There is more variety on the horizon for natural gas vehicles (NGV) based on recent announcements by Westport Innovations and Volvo in providing compressed natural gas (CNG) and liquefied natural gas (LNG) products.
June 6, 2014
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