natural gas demand

Texas, and most of the United States, experienced its first big freeze of the year last weekend, but even as natural gas production dropped, the Mexico market didn’t feel any major impacts. “So far, everything has been very tranquil in the market,” a gas buyer in Mexico City told NGI’s Mexico GPI. He said that…

Natural gas futures held onto the extensive gains they accumulated at the start of the holiday week, slipping only a few pennies on additional warming in the forecast. The January Nymex contract settled Tuesday at $4.055/MMBtu, off only a half-cent from Monday’s close. The February contract slipped 5.7 cents to $3.885. At A Glance: Weather…

Natural gas futures neared the $4.00/MMBtu mark early Thursday after long-range weather forecasts trended colder. But with models backing off the amount of frigid air in the last few days of December, the January Nymex gas futures contract settled at $3.766, off 3.6 cents on the day. February slid 4.6 cents to $3.715. At A…

North American natural gas prices continued to show a modicum of stability this week as across the pond supply fears sent prices spiralling. Amid mild weather conditions, the January Nymex gas futures contract settled 5.5 cents higher day/day on Wednesday at $3.802/MMBtu, while February rose 4.8 cents to $3.761. Rystad Energy analysts said that bearish…

With liquidity wearing thin ahead of the holidays, traders were not looking to take on weather risks midweek despite continued uncertainty in the forecast. The January Nymex gas futures contract settled 5.5 cents higher day/day Wednesday at $3.802/MMBtu. February climbed 4.8 cents to $3.761. At A Glance: BREAKING: U.S. EIA reports on-target 88 Bcf withdrawal…

Natural gas futures faltered again Tuesday despite a huge day/day decline in production. The losses reflected changes in the latest weather outlook, which had been colder over the weekend but then warmed in the last couple of runs. The January Nymex gas futures contract fell 4.7 cents to $3.747/MMBtu. Spot gas prices, meanwhile, came crashing…

A chillier weekend forecast lifted natural gas futures back above $4.000/MMBtu early in Monday’s session. The gains, however, were not to last as subsequent weather data backed off the cold and sent the January Nymex gas futures contract tumbling 13.1 cents to $3.794. February slid 12.8 cents to $3.761. At A Glance: More warmth seen…

TC Energy Corp. expects North American natural gas demand to grow 25% by 2030, a top pipeline executive told investors earlier this month. Demand would mainly be driven by coal-to-gas switching in the power sector and global demand for liquefied natural gas (LNG), TC’s Tracy Robinson, president of the Canada natural gas pipelines unit, said…

Natural gas futures started off Friday fairly steady as the market continued to monitor the weather data for any convincing evidence that colder temperatures could arrive before the calendar flips to 2022. Traders got just that with the midday models, which ultimately sent the January Nymex futures contract up 11.1 cents day/day to $3.925/MMBtu. February…