natural gas data

Mexico’s natural gas market will continue its modernization and expansion in 2024, regardless of who wins the presidential election on June 2. Natural gas demand in Mexico, driven by the power sector, continues to rise. Power demand was up by around 440 MMcf/d in 2023 to 4.603 Bcf/d, according to Wood Mackenzie data. Natural gas…

Natural gas futures rallied again on frigid temperatures and mounting heating demand, continuing an uninterrupted stretch of gains that dates to the opening session of 2024. At A Glance: Prompt month tops $3.300 Weather data bullish Production declines 2 Bcf/d Coming off steady advances last week and an 8.7-cent gain to begin this week, the…

February natural gas futures rebounded from early weakness Monday to settle shy of $3.000/MMBtu as weather models firmed up expectations for more heating demand from this week’s two winter storms and colder weather into next week. The February Nymex natural gas futures contract rose 8.7 cents day/day to settle at $2.980, after trading across a…

Natural gas futures floundered for the first time this year in morning trading Friday, dropping more than 10.0 cents amid profit-taking and stout storage levels that pointed to ongoing supply/demand imbalance. Late in the session, however, the February Nymex gas futures contract recovered and finished up 7.2 cents day/day at $2.893/MMBtu. At A Glance: Front…

An encroaching blast of Arctic air in concert with steady LNG demand sent natural gas futures forward for a third consecutive session on Thursday – even after the latest government inventory report showed supplies at hefty levels. The February Nymex gas futures contract rallied 15.3 cents day/day and settled at $2.821/MMBtu.  NGI’s Spot Gas National…

North American natural gas futures for February delivery kept rising this week as cold weather over the coming week promises to boost demand. The New York Mercantile Exchange February contract ended Thursday at $2.821/MMBtu, up 15.3 cents on the day. LNG demand in the United States has been strong at around 14 Bcf/d. Mexico imports,…

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frosty air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…

February Nymex natural gas futures finished the truncated holiday week between Christmas and New Year’s down 4.3 cents as weather forecasts suggested light heating demand deeper into winter. At A Glance: February futures down 4.3 cents Light demand expected Cash up with cold The front-month contract settled the regular trading session at $2.514/MMBtu. February futures…

February Nymex natural gas futures closed the first day as the front-month contract up 12.0 cents, adding to early gains after the U.S. Energy Information Administration (EIA) reported a storage withdrawal that surprised the market to the upside. At A Glance: February contract ends 12 cents higher EIA reports 87-Bcf bullish draw Cash sinks with…