natural gas exports

Warm November Outlook, Improved Supply Backdrop Pressure Natural Gas Forward Prices

Warm November Outlook, Improved Supply Backdrop Pressure Natural Gas Forward Prices

A steep sell-off early in the Oct. 28-Nov. 3 period because of generally unsupportive weather sent natural gas forward prices tumbling by double digits. December forward prices plunged an average 17.0 cents, while the balance of winter (December-March) slid 16.0 cents, according to NGI’s Forward Look. Summer (April-October) prices also softened, but losses were smaller…

November 4, 2021
Panama Canal Seeing Record Tonnage, Driven by LNG Exports to Asia

Panama Canal Seeing Record Tonnage, Driven by LNG Exports to Asia

The Panama Canal Authority said a record amount of tonnage passed through the waterway during fiscal year (FY) 2021, a milestone driven in large part by liquefied natural gas (LNG) cargoes, which saw the largest increase. “LNG is not only growing the fastest, but it has had its best year in terms of tonnage through…

November 4, 2021
U.S. Natural Gas Exports, Prices Surge in First Half of 2021, DOE Says

U.S. Natural Gas Exports, Prices Surge in First Half of 2021, DOE Says

Increased prices persisted as a fixture for international natural gas sales through the first half of this year, according to the latest trade scorecard by the U.S. Department of Energy (DOE). U.S. exports to Mexico led the gains with a 230% jump in prices to average $6.11/MMBtu for the first half of 2021 (1H2021), up…

November 4, 2021
Natural Gas Futures, Cash Prices Rebound Amid New Expectations for Weather-Driven Demand

Natural Gas Futures, Cash Prices Rebound Amid New Expectations for Weather-Driven Demand

Natural gas futures on Tuesday gained ground for the first time in four sessions as overseas supply shortages converged with forecasts for colder weather and stronger domestic demand by mid-November. The December Nymex contract gained 35.6 cents day/day and settled at $5.542/MMBtu. January rose 33.5 cents to $5.640.   At A Glance: Concerns persist overseas Weather…

November 3, 2021
December Natural Gas Futures, Cash Prices Falter Again

December Natural Gas Futures, Cash Prices Falter Again

Natural gas futures fell again Monday as forecasts for more mild fall weather and light demand eclipsed robust liquefied natural gas (LNG) levels. The December Nymex contract settled at $5.186/MMBtu, down 24.0 cents day/day. January fell 22.4 cents to $5.305. At A Glance: Futures extend losing streak Forecasts call for a mild November Cash prices…

November 2, 2021
Natural Gas Futures Slide Further on Warmer U.S. Temperatures, Global Supply Optimism; Spot Gas Retreats

Natural Gas Futures Slide Further on Warmer U.S. Temperatures, Global Supply Optimism; Spot Gas Retreats

Natural gas futures extended a dramatic sell-off at the close of the week as global gas prices continued to slide and a mid-November warm-up was forecast for the Lower 48 following a bout of early-month cold. With production rising further and storage improvements continuing, the December Nymex contract tumbled 35.6 cents to $5.426/MMBtu. January slid…

November 1, 2021
Domestic, Global Factors Drag Natural Gas Futures Below $5.50; Cash Recedes Further

Domestic, Global Factors Drag Natural Gas Futures Below $5.50; Cash Recedes Further

Natural gas futures extended a dramatic sell-off at the close of the week as global gas prices continued to slide and a mid-November warm-up was forecast for the Lower 48 following a bout of early-month cold. With production rising further and storage improvements continuing, the December Nymex contract tumbled 35.6 cents to $5.426/MMBtu. January slid…

October 29, 2021
Mild Mid-November Outlook a Fright for Natural Gas Bulls; Prices Plunge

Mild Mid-November Outlook a Fright for Natural Gas Bulls; Prices Plunge

Natural gas futures plunged Thursday despite an intensifying cold front on the horizon. Selling accelerated throughout the session on a trio of bearish drivers that sent December Nymex gas spiraling to a $5.736/MMBtu intraday low. The prompt month eventually settled at $5.782, off 41.6 cents from Wednesday’s close. January dropped 40.6 cents to $5.871. At…

October 29, 2021
Natural Gas Futures Remain Volatile; Clients ‘Nervous’ as Cold Weather Nears — Mexico Spotlight

Natural Gas Futures Remain Volatile; Clients ‘Nervous’ as Cold Weather Nears — Mexico Spotlight

Mexican clients are “very nervous” about prices in the coming months, according to a natural gas marketer in Mexico City. This week has been another rollercoaster in the gas markets. On Wednesday, November futures in the United States rolled off the board at $6.202/MMBtu, up 32.0 cents on the day. The December contract, which moved…

October 28, 2021
November Natural Gas Expires at $6.20 on Colder Forecasts; Cash Gains Continue

November Natural Gas Expires at $6.20 on Colder Forecasts; Cash Gains Continue

That roar heard throughout the U.S. gas market on Thursday was that of natural gas futures, which went out like a lion Wednesday as yet another shift in the latest weather data led to continued volatility. The prompt month rolled off the board at $6.202, up 32.0 cents on the day. The December contract, which…

October 28, 2021