The May Nymex natural gas futures contract crumbled in its premiere session in the lead position, anchored to the downside amid a plethora of bearish fundamentals, most notably abundant supply met by a shortage of demand. At A Glance: Prompt month sheds 7.0 cents Storage withdrawal expected Bearish spring weather ahead The newly anointed front-month…
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April Natural Gas Futures Finish Run Down in Volatile Session, Spot Gas Gains
Nymex natural gas futures traded lower ahead of the April contract’s expiration at the close, pressured by a lack of demand and with a storage overhang expected to widen through the shoulder season. At A Glance: April futures expire 4.0 cents down May futures move into lead near unchanged Texas cash prices pull into the…
April Natural Gas Futures Head Lower Toward Tuesday’s Expiration; Cash Prices Vary
April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…
Natural Gas Futures Weighed Down by Oversupply Ahead of April Expiry
Continuing to struggle under the weight of excess supply exiting the heating season, natural gas futures fell in early trading Monday. The April Nymex contract, set to expire Tuesday, was off 3.5 cents to $1.624/MMBtu at around 8:40 a.m. ET. May was down 3.5 cents to $1.777. With weak physical prices at Henry Hub this…
Natural Gas Futures Prices Sink Lower on Demand Woes; Cash Slides
April Nymex natural gas futures extended losses into the week’s closing session as a storage glut and a trimming of demand pressured the contract. At A Glance: April futures down 2.4 cents Freeport outage worries Weather support brief The front-month contract settled 2.4 cents lower at $1.659/MMBtu. April futures traded as high as $1.712 and…
Some Natural Gas Markets Seeing Stronger Basis, but Permian Forwards Crushed
Natural gas forward prices pushed modestly higher at the front of the curve during the March 14-20 trading period, particularly in the Northeast and Appalachia, data from NGI’s Forward Look show. Meanwhile, spring contracts at hubs near the congested Permian Basin struggled under the weight of weak near-term fundamentals. Fixed prices for April delivery at…
Natural Gas Futures Continue to Struggle Under Storage Glut — MidDay Market Snapshot
Natural gas futures were trading slightly lower through midday Friday as a sizable storage surplus continued to hang over the market, even as estimates suggest production volumes have pulled back. Here’s the latest: April Nymex contract off 2.1 cents to $1.662/MMBtu as of 2:14 p.m. ET Domestic production down day/day at 99.9 Bcf/d, LNG at…
April Natural Gas Futures Pressured by Small Storage Build; Cash Retreats
Natural gas futures lost ground Thursday following the release of U.S. Energy Information Administration (EIA) storage data, which outlined a small injection into inventories for the week ended March 15. At A Glance: Futures shed 1.6 cents Storage up 7 Bcf Cash gains reversed April Nymex natural gas futures settled at $1.683/MMBtu, down 1.6 cents…
Natural Gas Futures Called Slightly Lower as Early Injection Confirms Lack of Weather
With an unusually early storage injection seemingly confirming market assumptions around balances following a stretch of extremely mild weather, natural gas futures were treading water early Friday. The April Nymex contract was off 0.6 cents to $1.677/MMBtu as of 8:40 a.m. ET. May was trading at $1.828, off 0.3 cents. The U.S. Energy Information Administration…
April Natural Gas Futures Extend Losses After Storage Build; Cash Prices Unfazed by Weather
Natural gas futures lost ground Thursday following the release of U.S. Energy Information Administration (EIA) storage data, which outlined a small injection into inventories for the week ended March 15. At A Glance: Futures end 1.6 cents lower EIA reports 7 Bcf build Cash thwarts weather April Nymex natural gas futures settled at $1.683/MMBtu, down…