Natural gas futures

May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices

May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices

With the market continuing to balance near-term oversupply against longer term bullishness, natural gas futures moved slightly lower at the front of the curve in early trading Tuesday. The May Nymex contract was down 1.7 cents to $1.774/MMBtu at around 8:45 a.m. ET. June was off 1.7 cents to $2.048. A recently updated outlook from…

April 23, 2024
Natural Gas Futures Get Boost from Freeport Restart, Cool Weather-Driven Demand

Natural Gas Futures Get Boost from Freeport Restart, Cool Weather-Driven Demand

Natural gas futures resumed their climb on Monday, buoyed by a recovery in Gulf Coast LNG feed gas demand above 12 Bcf/d and Lower 48 gas production staying subdued. A jump in Henry Hub cash prices also added support. At A Glance: NGI estimates 86 Bcf injection Freeport restarts LNG exports Production at 98.2 Bcf/d …

April 22, 2024
Natural Gas Futures Advancing as LNG Demand Picks Up — MidDay Market Snapshot

Natural Gas Futures Advancing as LNG Demand Picks Up — MidDay Market Snapshot

Rebounding export demand, including at the Freeport LNG terminal, helped natural gas futures carve out modest gains at the front of the curve through midday trading Monday.  Here’s the latest: May Nymex futures up 2.3 cents to $1.775/MMBtu as of 2:15 p.m. ET; June up 5.9 cents to $2.047  “As we approach contract rollover later…

April 22, 2024
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip

West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip

Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity.  NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…

April 19, 2024
May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip

May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip

Natural gas futures struggled to find direction on Friday, trading in a narrow range of gains and losses throughout the session. Favorable near-term weather forecasts and continued light production estimates were countered by export weakness and only modest improvement in supply/demand balances evidenced in the latest government inventory data. At A Glance: Output near 98…

April 19, 2024
Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production

Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production

Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…

April 19, 2024
Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The recent publication of Mexico’s “Prospectivas” report by the energy ministry Sener is a significant event for stakeholders in the natural gas…

April 19, 2024
Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural gas futures were essentially flat through midday trading Friday, with prices seemingly lacking direction amid the competing fundamental trends of sagging export demand and fading production. Here’s the latest: May Nymex futures off fractionally at $1.756/MMBtu at around 2:30 p.m. ET U.S. drops three natural gas rigs in latest Baker Hughes Co. count The…

April 19, 2024
Slight Pullback for Natural Gas Futures Early as Shoulder Season Balances in Focus

Slight Pullback for Natural Gas Futures Early as Shoulder Season Balances in Focus

Natural gas futures eased lower at the front of the curve early Friday as the market continued to assess balances following updated storage data that landed in line with expectations. The May Nymex contract was down 2.6 cents to $1.731/MMBtu at around 8:30 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a…

April 19, 2024
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line

Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line

Natural gas futures gained on Thursday, supported by colder forecasts for next week and a government inventory report that showed supplies did not grow faster than expected. At A Glance: EIA reports 50 Bcf injection Forecasts colder for next week Production at 97.8 Bcf/d Coming off two days of price volatility caused in part by…

April 18, 2024
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