Natural gas futures

Nymex January natural gas futures ended a seesaw Thursday trading session modestly higher at $2.585/MMBtu. Futuresgarnered little fresh directional support in the withdrawal from natural gas inventories, which was larger than most expectations. The front-month contract tumbled early to a $2.489 intraday low and spiked to a $2.621 intraday high following the midmorning storage data…

The heating season has arrived and utilities are drawing substantially more natural gas from storage to get furnaces cranking. But prices remain subdued. What gives? First and foremost: Natural gas production spiked about 4 Bcf/d this year and reached record levels above 106 Bcf/d in November. Output remains close to the all-time high in early…

Nymex January natural gas futures ended a seesaw Thursday trading session modestly higher at $2.585/MMBtu. Futures garnered little fresh directional support in the withdrawal from natural gas inventories, which was larger than most expectations. The front-month contract tumbled early to a $2.489 intraday low and spiked to a $2.621 intraday high following the midmorning storage…

Unable to escape a bearish fundamental outlook informed by production outperformance and mild December weather, regional natural gas forwards saw heavy discounts during the Nov. 30-Dec. 6 trading period, NGI’s Forward Look data show. National benchmark Henry Hub fell to $2.575/MMBtu for January delivery, a 24.4-cent slide versus week-earlier prices.   Winter bulls found little refuge…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 117 Bcf of natural gas from storage for the week ended Dec. 1. The draw proved steeper than most expectations but within wider ranges. At A Glance: BREAKING: U.S. EIA reports 117 Bcf withdrawal Golden Pass LNG delayed Cash follow futures lower Natural…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 117 Bcf of natural gas from storage for the week ended Dec. 1. The draw proved steeper than most expectations but within wider ranges. Mobius Risk Group analysts said a cumulative withdrawal of more than 100 Bcf, and a South Central draw exceeding…

Natural gas futures continued to lose ground early Thursday as milder-trending forecasts did little to repair the damage dealt by a material weakening in export demand expectations heading into next year. After plunging 14.1 cents on Wednesday, the January Nymex contract was down another 3.2 cents to $2.537/MMBtu at around 8:30 a.m. ET. Futures sold…

Natural gas futures tanked at midmorning Wednesday after news of the delayed completion of a major LNG export facility accelerated earlier losses driven by healthy production and lackluster weather-related demand. At A Glance: January natural gas sinks 14.1 cents Golden Pass LNG “mechanical completion” delayed Cash sinks on futures, weather The front-month natural gas futures…

Nymex January natural gas futures settled Tuesday up 1.6 cents at $2.710/MMBtu in a day of profit-taking following the prior day’s 12.0-cent rout on the back of weak fundamental support. At A Glance: Early profit-taking gains pared Weather provides lackluster support Cash markets up on weather, pipeline issues The front-month contract drifted to a $2.675…