natural gas exports

October Natural Gas Futures Fail to Find Footing as Weather Outlook Grows Bearish

October Natural Gas Futures Fail to Find Footing as Weather Outlook Grows Bearish

Natural gas futures on Friday dipped lower for a second consecutive day as traders mulled forecasts for milder temperatures, the specter of easing demand and the potential for stronger storage injections ahead. At A Glance: Futures falter for a second day Forecasts call for mild conditions Spot prices fade The October Nymex contract dropped 23.0…

September 20, 2021
Mexico Natural Gas Market Spotlight: Pricing ‘Fear’ Spilling Across Border

Mexico Natural Gas Market Spotlight: Pricing ‘Fear’ Spilling Across Border

Despite a slight reversal in trend Thursday spurred by a larger than expected injection into U.S. storage inventories, natural gas prices have been on a tear and are at eight-year highs. The October New York Mercantile Exchange (Nymex) contract jumped more than 50 cents between Monday and Wednesday, touching new highs for the year on…

September 16, 2021
‘All Fear in the Market’ as Natural Gas Futures Rally Early

‘All Fear in the Market’ as Natural Gas Futures Rally Early

Natural gas futures rocketed higher early Wednesday as supply concerns continued to grip the market. The October Nymex contract was up 17.4 cents to $5.434/MMBtu at around 8:45 a.m. ET. The continued gains in Henry Hub futures coincide with rallying prices overseas and storage adequacy concerns both at home and abroad, according to Bespoke Weather…

September 15, 2021
October Natural Gas Futures Find Fresh 2021 Highs as Supply Worries Fester

October Natural Gas Futures Find Fresh 2021 Highs as Supply Worries Fester

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…

September 14, 2021
Natural Gas Futures, Cash Prices Pull Back; Storage Worries Persist

Natural Gas Futures, Cash Prices Pull Back; Storage Worries Persist

Natural gas futures gave up ground on Friday as traders took profits following a frenzied rally that saw the prompt month surge more than 46 cents over the two prior trading sessions. The catalysts for the spikes remained firmly in place: Light production in Hurricane Ida’s wake and festering concerns about inadequate storage ahead of…

September 13, 2021
October Natural Gas Futures Extend Rally as Storage Worry Mounts

October Natural Gas Futures Extend Rally as Storage Worry Mounts

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…

September 10, 2021
Mexico Natural Gas Market Spotlight: Amid Soaring Prices, Users Clamor for Capacity

Mexico Natural Gas Market Spotlight: Amid Soaring Prices, Users Clamor for Capacity

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…

September 9, 2021
With Demand Strong and Production Soft, October Natural Gas Futures, Cash Prices Soar

With Demand Strong and Production Soft, October Natural Gas Futures, Cash Prices Soar

Natural gas futures on Wednesday rebounded as traders mulled ongoing production outages in the Gulf of Mexico (GOM), robust domestic demand and intensifying competition for U.S. exports of liquefied natural gas (LNG). At A Glance: BREAKING: U.S. utilities injected 52 Bcf natural gas into storage for the week ended Sept. 3 Production slow to recover…

September 9, 2021
Natural Gas Futures Fall Post-Labor Day but Cash Spikes in Northeast, SoCal

Natural Gas Futures Fall Post-Labor Day but Cash Spikes in Northeast, SoCal

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…

September 8, 2021
October Natural Gas Futures Surge Again as Supply Concerns Mount

October Natural Gas Futures Surge Again as Supply Concerns Mount

Natural gas futures rallied for a fourth consecutive day, reaching a new 2021 high on Friday as the vast majority of Gulf of Mexico (GOM) production remained offline in the wake of Hurricane Ida and traders continued to mull supply/demand imbalance concerns. At A Glance: The prompt rallies four straight days GOM production weak in…

September 3, 2021