natural gas data

As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…

April 16, 2024
With Stout Supply in Storage, Natural Gas Futures and Cash Prices Sell Off

With Stout Supply in Storage, Natural Gas Futures and Cash Prices Sell Off

Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…

April 12, 2024
May Natural Gas Futures Further Rally Amid Lighter Production, Expectations for Small Injection

May Natural Gas Futures Further Rally Amid Lighter Production, Expectations for Small Injection

Natural gas futures pushed ahead on Monday amid expectations for a seasonally modest storage injection and lower production that offset mild spring weather. At A Glance: Production holds below 100 Bcf/d Forecasts for benign weather NGI models 14 Bcf storage increase Coming off a modest 1.1-cent gain on Friday, the May Nymex gas futures contract…

April 9, 2024
Mexico’s Cenagas Failing to Take Advantage of Natural Gas Opportunity — Column 

Mexico’s Cenagas Failing to Take Advantage of Natural Gas Opportunity — Column 

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Every Mexican summer, natural gas imports from the United States peak. The aggregate figure reflects impressive growth in the last decade. If…

April 5, 2024
Natural Gas Futures, Cas Prices Slump as Storage Draw Fails to Impress

Natural Gas Futures, Cas Prices Slump as Storage Draw Fails to Impress

Natural gas futures fell for a second straight session on Thursday, dragged lower by forecasts for benign weather and government inventory data that showed stout supplies in storage. At A Glance: EIA prints 37 Bcf withdrawal Outlook shifts to injections Weather demand softens Coming off a 2.1-cent loss the prior day, the May Nymex gas…

April 5, 2024
Mexico Natural Gas Market Turns Attention to Elections, Summer Demand – Spotlight

Mexico Natural Gas Market Turns Attention to Elections, Summer Demand – Spotlight

North American natural gas futures got a small boost this week on news of weaker production from U.S. operators, but by mid-week the momentum had fizzled. The May New York Mercantile Exchange gas futures contract posted a second day of losses and lost 6.7 cents on Thursday to settle at $1.774/MMBtu. Mexican imports of U.S.…

April 4, 2024
Natural Gas Futures, Spot Prices Continue Winning Ways Amid Chilly Spring Start

Natural Gas Futures, Spot Prices Continue Winning Ways Amid Chilly Spring Start

Natural gas futures rallied again on Tuesday, gaining ground amid near-term weather demand and despite expectations for a festering supply glut through the spring shoulder season. At A Glance: Prompt month adds 2.5 cents Gas production remains lower Heating demand spreads east Following a 7.4-cent rally on Monday and gains late last week, the May…

April 3, 2024
May Natural Gas Futures, Spot Prices Power Up Monday as Production Drops

May Natural Gas Futures, Spot Prices Power Up Monday as Production Drops

Natural gas futures forged ahead to kick off April trading, supported by drops in production readings and near-term weather data that showed a bump in heating demand. At A Glance: Output slides to 97 Bcf/d Forecasts for mixed demand NGI models draw of 41 Bcf Coming off a 4.5-cent gain ahead of Good Friday last…

April 2, 2024
Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight

Mexico Monthly Natural Gas Imports Unchanged Amid Supply Glut in Texas – Spotlight

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…

March 28, 2024
April Natural Gas Futures Finish Run Down in Volatile Session, Spot Gas Gains

April Natural Gas Futures Finish Run Down in Volatile Session, Spot Gas Gains

Nymex natural gas futures traded lower ahead of the April contract’s expiration at the close, pressured by a lack of demand and with a storage overhang expected to widen through the shoulder season. At A Glance: April futures expire 4.0 cents down May futures move into lead near unchanged Texas cash prices pull into the…

March 27, 2024
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