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…
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Natural Gas Futures Erase Early Gains to Finish Nearly Flat; Cash Plummets
Natural gas futures struggled to put up more gains on Thursday after traders digested the latest government inventory data. Even with the potential for cold later this month still in play, the January Nymex contract settled at $3.814/MMBtu, off one-tenth of a cent from Wednesday’s close. February, however, climbed 1.0 cent to $3.784. At A…
Natural Gas Futures Mount More Gains on Potential Cold Blast as Northeast Cash Buckles
Natural gas futures strengthened for the second day in a row, this time on what forecasters said was the potential for a “material change” in the weather pattern before the new year begins. The January Nymex gas futures contract settled Wednesday at $3.815/MMBtu, up 10.7 cents day/day. February climbed 10.0 cents to $3.774. Spot gas…
Colder Turn in Latest Weather Data Snaps Four-Day Slide for Natural Gas Futures
In an unsurprising move, natural gas futures bounced back from a four-day decline to finish the week firmly in positive territory. With a boost from technicals, colder changes in the weather models sparked a 7.6-cent rally for the January Nymex gas futures contract, which settled at $4.132. February also climbed 7.6 cents to $4.073. At…
Natural Gas Futures Sink Further as Forecasts Hint Warmth Could Linger Through Late December
Natural gas futures extended their losses for a third straight day as weather models continue to portray a pattern that is more reflective of springtime conditions than winter. After shedding more than 90 cents over the previous two sessions, the January Nymex gas futures contract plunged another 30.9 cents to settle at $4.258/MMBtu. Spot gas…
TC Energy Eyeing $5-6B in Mexico Natural Gas Investment by 2025, Citing Strong Fundamentals
TC Energy Corp. sees “a wealth of untapped demand” for natural gas in Mexico to be unlocked over the next decade, said Stanley Chapman III, the firm’s president for U.S. and Mexico natural gas pipelines, on Wednesday. “As demand across our backbone system in the heart of Mexico continues to emerge, future in-corridor expansions will…
Natural Gas Prices Rally Again, with December Futures Finishing Strong Week on High Note
Natural gas futures on Friday rallied for the fourth time in the week’s five trading sessions, lifted by ongoing robust levels of U.S. exports and expectations for stronger weather-driven demand in coming weeks. The December Nymex contract gained 16.3 cents day/day and settled at $5.065/MMBtu. January rose 15.0 cents to $5.145. At A Glance: Futures…
Natural Gas Forwards Discounts Deepen, but Westcoast Reductions Spur Rally in Pacific Northwest
Natural gas forward prices recorded a third straight week in the red as weather models continued to show variability in the forecasts, rather than sustained cold. Liquefied natural gas (LNG) demand, meanwhile, neared all-time highs as production fluctuated but stood well off summer lows. All the gyrations in the supply/demand balance left the December forward…
With Export Demand Holding Strong, Natural Gas Futures Post Solid Gain
Natural gas futures vaulted higher on Thursday as production eased, export demand jumped and traders looked ahead to colder weather and the onset of winter storage withdrawals. The December Nymex contract rose 8.6 cents day/day and settled at $4.902/MMBtu. January added 8.1 cents to $4.995. At A Glance: U.S. LNG volumes gain momentum EIA prints…
December Natural Gas Futures, Spot Prices Sputter
Natural gas futures careened on Wednesday amid profit-taking and expectations for a relatively plump storage increase for mid-November. The December Nymex contract dropped 36.1 cents day/day and settled at $4.816/MMBtu. January fell 35.6 cents to $4.914. At A Glance: BREAKING: U.S. EIA on Thursday reported an injection of 26 Bcf natural gas into storage for…