natural gas demand

Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower

Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower

After a brutal slashing, natural gas bulls licked their wounds and managed to churn out a respectable rebound along the natural gas futures curve to close out the week. The August Nymex futures contract settled Friday at $5.730/MMBtu, up 30.6 cents on the day. September futures climbed 32.0 cents to $5.712. At A Glance: Market…

July 1, 2022
Natural Gas Futures Take Beating, Drop $1-Plus on Storage, Freeport News

Natural Gas Futures Take Beating, Drop $1-Plus on Storage, Freeport News

Natural gas futures took one (actually two) on the chin Thursday as a larger-than-expected storage injection and an update regarding the Freeport liquefied natural gas (LNG) outage sent prices tumbling to levels not seen in months. The August Nymex futures contract plummeted $1.074 to $5.424/MMBtu. September lost $1.101 cents to land at $5.392. Spot gas…

July 1, 2022
North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight

North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight

North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline. August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On…

June 30, 2022
Mexico’s Natural Gas Demand Grew As Production Shrank in 2021, BP Says

Mexico’s Natural Gas Demand Grew As Production Shrank in 2021, BP Says

The gap between natural gas production and demand in Mexico continued to widen in 2021, according to the 71st edition of BP plc’s Statistical Review of World Energy published Tuesday. Mexico’s gas output fell to 29.2 billion cubic meters (Bcm) in 2021 from 30.5 Bcm in 2020 and 34 Bcm in 2019, researchers said.  The…

June 29, 2022
After Record Heat, Cooler Forecast Leads to Sharp Discounts for Natural Gas Weekly, Futures Prices

After Record Heat, Cooler Forecast Leads to Sharp Discounts for Natural Gas Weekly, Futures Prices

Spot gas prices crumbled during the June 21-24 trading week despite heat becoming more widespread, for a few days at least, across the country’s midsection. NGI’s Weekly Spot Gas National Avg. plummeted $1.225 to $6.340/MMBtu. Nymex futures action, meanwhile, continued to be dominated by the Freeport liquefied natural gas (LNG) outage, with the market questioning…

June 24, 2022
Bears’ Appetite Satiated, Natural Gas Futures Barely Budge; Cooler Temperatures Sink Cash

Bears’ Appetite Satiated, Natural Gas Futures Barely Budge; Cooler Temperatures Sink Cash

Natural gas futures finished out the short week far quieter than only one day prior. After prices took a beating on verification that an outage at a key export terminal could drastically improve balances, the July Nymex gas futures contract settled on Friday at $6.220/MMBtu, only 1.9 cents lower day/day. At A Glance: Salt withdrawal…

June 24, 2022
Natural Gas Futures Implode as EIA Storage Data Surprises to Upside; Cash Slides Too

Natural Gas Futures Implode as EIA Storage Data Surprises to Upside; Cash Slides Too

The latest government storage data swiped the rug out from underneath natural gas futures on Thursday, with a larger-than-expected injection highlighting the fragility of the gas market. The July Nymex futures contract settled at $6.239/MMBtu, down 61.9 cents on the day. August futures tumbled 58.9 cents to $6.283. Spot gas prices were mostly lower despite…

June 24, 2022
Natural Gas Futures, Cash Prices Bounce Around as Temperatures Sizzle

Natural Gas Futures, Cash Prices Bounce Around as Temperatures Sizzle

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. At A Glance: BREAKING: U.S. EIA…

June 23, 2022
Despite Strong Demand, Weekly Natural Gas Prices Dragged Down by LNG Mishap

Despite Strong Demand, Weekly Natural Gas Prices Dragged Down by LNG Mishap

Weekly cash prices gave up ground despite modest production and robust cooling demand across much of the Lower 48 that fueled several daily gains. NGI’s Weekly Spot Gas National Avg. for the June 13-17 period declined 94.5 cents to $7.565, dragged lower by an outsized loss on Tuesday tied to broader natural gas market sentiment…

June 17, 2022
Natural Gas Futures Swoon to Close Wild Trading Week; Cash Clunks

Natural Gas Futures Swoon to Close Wild Trading Week; Cash Clunks

Natural gas futures fell for the first time in three sessions on Friday, finishing an exceptionally volatile week on a sour note. The July Nymex gas futures contract shed 52.0 cents and settled at $6.944/MMBtu. August fell 53.2 cents to $6.906. At A Glance: Freeport wildcard looms Global supply woes fester Summer demand sizzles NGI’s…

June 17, 2022
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