Natural gas futures advanced Friday as traders shrugged off a disappointing government inventory report and focused instead on robust heating demand, as well as forecasts for additional blasts of freezing weather later in January. The February Nymex gas futures contract gained 10.4 cents day/day and settled at $3.916/MMBtu. March climbed 5.6 cents to $3.726. NGI’s…
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February Natural Gas Futures Fizzle, But Spot Prices Spike
Natural gas futures faltered on Thursday after the latest government inventory report showed ample supplies and relatively modest early-winter heating demand. The February Nymex gas futures contract fell 7.0 cents day/day and settled at $3.812/MMBtu. March dipped 4.0 cents to $3.670. At A Glance: EIA posts a 31 Bcf pull from storage The result was…
Natural Gas Futures Stumble as Stockpiles Hold Above Historic Average
Natural gas futures faltered on Thursday after the latest government inventory report showed ample supplies and relatively modest early-winter heating demand. The February Nymex gas futures contract fell 7.0 cents day/day and settled at $3.812/MMBtu. March dipped 4.0 cents to $3.670. At A Glance: EIA posts a 31 Bcf pull from storage The result falls…
Mexico Natural Gas Market Rides Out First U.S. Cold Snap Without Issues – Mexico Spotlight
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…
February Natural Gas Futures Rally to Kick Off New Year
Natural gas prices hovered in a narrow range of modest gains and losses early Monday before creeping upward and ultimately finishing comfortably in positive territory, as traders assessed a bearish tilt in the weather outlook against strong demand prospects for U.S. liquefied natural gas (LNG) exports. The February Nymex gas futures contract settled at $3.815,…
Mid-January Warmup Sinks Natural Gas Futures, but Near-Term Cold Fuels Cash Gains
Natural gas futures eased lower in early trading Monday after warmer weather trends showed up in modeling over the weekend. The February Nymex contract was down 4.3 cents to $3.687/MMBtu at around 8:55 a.m. ET. At A Glance: Weather models point to mid-January warmup EIA’s 136 Bcf storage draw fails to excite ERCOT says Texas…
January Natural Gas Futures Expire Lower Despite Colder Turns in Latest Weather Data; Cash Soft
Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…
Natural Gas Futures Hold Above $4.00 Ahead of Contract Expiration; Cash Rising
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 Erase Nearly All Gains from Three-Day Rally as Coming Cold Loses Intensity
As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. At A Glance: EIA shows stocks at…
Natural Gas Futures Extend Rally, Propelled by LNG Momentum
Natural gas prices see-sawed Tuesday as traders weighed modest near-term domestic heating needs against an anticipated freeze early next month and surging demand for U.S. liquefied natural gas (LNG). Ultimately, the latter factors carried the day, and the January Nymex gas futures contract advanced 3.5 cents and settled at $3.869. February gained 1.6 cents to…