natural gas demand

Looming front-month expiration helped spark a massive surge in natural gas futures prices in early trading Monday. The expiring October Nymex contract was up 32.4 cents to $5.464/MMBtu at around 8:50 a.m. ET; November was up 32.8 cents to $5.528. At A Glance: Futures surge a second straight day Global supply challenges are in focus…

This week saw an ebbing in the price surges of the past month, but Mexican buyers of natural gas are gearing up for a potentially precarious winter season. “This winter is gonna be very different from previous years for sure, as we haven’t had this tight of a market in a very long time,” Refinitiv…

Natural gas futures on Wednesday snapped a four-day losing streak, though barely, after trading in a narrow range most of the session. Rebounding liquified natural gas (LNG) export volumes offset domestic demand forecasts that held in bearish territory. At A Glance: BREAKING: Utilities injected 76 Bcf natural gas into underground storage for the week ended…

Natural gas futures on Tuesday declined for a fourth straight session, as traders mulled cooling weather patterns and interruptions to U.S. exports of liquefied natural gas (LNG). Global demand, however, remains robust and stockpiles for winter are tight, leaving open the potential for a supply crunch and a surge in prices in the weeks ahead.…

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.    At A Glance: Futures fall amid cooler weather Forecasts call for mild conditions Global supplies tight The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents…

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. At A Glance: Nicholas threatens output GOM production still off Cash prices climb The…

Natural gas futures gathered even more momentum on Thursday, reaching a seven-year high as production remained weak in Hurricane Ida’s aftermath and the latest government inventory report confirmed a tight supply/demand balance. At A Glance: Futures forge past $5.00 mark EIA reports 52 Bcf storage injection Western spot prices fall back Ida “amplified already heightened…

A trio of natural gas sector participants on Wednesday called for the opening of capacity and increased flexibility in the Mexican market. Speaking at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX, Royal Dutch Shell plc’s Alejandro Reyes said “the pipelines are there, but we can’t fully utilize or optimize…

Natural gas futures stumbled in post-Labor Day trading as the market proved unable to sustain recent highs even as Gulf of Mexico (GOM) production outages lingered. Forecasts for balmy mid-September temperatures did little to incentivize buying interest, and the October Nymex contract fell 14.4 cents to settle at $4.568/MMBtu. At A Glance: Production slowly on…