Natural gas futures

Natural Gas Futures Sell-Off Extends to Five Straight Sessions, but Cold December ‘Good Bull Recipe’

Natural Gas Futures Sell-Off Extends to Five Straight Sessions, but Cold December ‘Good Bull Recipe’

After some hiccups earlier in Thursday’s session, natural gas futures managed to finish in the red for a fifth straight trading day as traders digested another massive storage injection. The November Nymex gas futures contract settled at $5.358/MMBtu, down 10.4 cents on the day. December slid 9.0 cents to $5.838. Spot gas prices continued to…

October 20, 2022
Natural Gas Forward Prices Plummeting Amid Ample Storage Builds, Mild Temps

Natural Gas Forward Prices Plummeting Amid Ample Storage Builds, Mild Temps

Buckling under the weight of one triple-digit shoulder season storage injection after another, natural gas forwards sold off sharply during the Oct. 13-19 trading period, NGI’s Forward Look data show. Regional forwards price action from coast to coast reflected a market reconsidering the extent of winter upside risks in light of a rapidly shrinking inventory…

October 20, 2022
U.S. Storage in South Central ‘Production Region’ Filling Up Quickly, Sinking Natural Gas Prices – Mexico Spotlight

U.S. Storage in South Central ‘Production Region’ Filling Up Quickly, Sinking Natural Gas Prices – Mexico Spotlight

Stubbornly robust U.S. natural gas production and warmer weather has meant that storage inventories in the United States are filling up fast. In the South Central region north of Mexico, natural gas storage inventories are almost back to within five-year average levels. On Thursday, U.S. Energy Information Administration (EIA) data showed that the South Central…

October 20, 2022
Increasingly Bearish Fundamentals Drag Natural Gas Futures Lower Through 2023

Increasingly Bearish Fundamentals Drag Natural Gas Futures Lower Through 2023

Natural gas bears extended their streak to four on Wednesday, slashing futures prices even further amid renewed disagreement in the models regarding a late-October weather system as well as lofty production. The November Nymex gas futures contract settled at $5.462/MMBtu, down 28.3 cents on the day. Notably, steep double-digit losses extended through all of 2023.…

October 20, 2022
Natural Gas Futures See-Saw Following Fifth Straight Triple-Digit Storage Injection  

Natural Gas Futures See-Saw Following Fifth Straight Triple-Digit Storage Injection  

The U.S. Energy Information Administration (EIA) reported an injection of 111 Bcf natural gas into storage for the week ended Oct. 14. The result marked the fifth consecutive triple-digit increase and continued an autumn trend of narrowing deficits to historic averages. The build easily surpassed the 73 Bcf five-year average injection and the year-earlier increase…

October 20, 2022
Nymex Natural Gas Futures Curve Disintegrates on Moderate Weather, Rising Storage Trajectory

Nymex Natural Gas Futures Curve Disintegrates on Moderate Weather, Rising Storage Trajectory

Natural gas bears extended their streak to four on Wednesday, slashing futures prices even further amid renewed disagreement in the models regarding a late-October weather system as well as lofty production. The November Nymex gas futures contract settled at $5.462/MMBtu, down 28.3 cents on the day. Notably, steep double-digit losses extended through all of 2023.…

October 19, 2022
With Demand Disappointing, Natural Gas Futures Prices Tumble Further

With Demand Disappointing, Natural Gas Futures Prices Tumble Further

In another stunning move, natural gas futures plummeted further on Tuesday as the current cold snap hitting the Lower 48 – expected to dissipate by week’s end – appears to be falling short in drumming up demand.  Traders also brushed off a huge decline in natural gas production given most of it was tied to…

October 18, 2022
Natural Gas Futures Plunge Below $6 as Cold Seen Dissipating Soon

Natural Gas Futures Plunge Below $6 as Cold Seen Dissipating Soon

Forecasts for dramatic warm-up after this week’s snowy, chilly week sent natural gas futures prices tumbling on Monday. The November Nymex gas futures contract plummeted 45.4 cents to $5.999/MMBtu, while December futures dropped 34.8 cents to $6.479. At A Glance: Forecasts point to warm late October U.S. production back above 100 Bcf/d Cold temps seen…

October 18, 2022
How Do You Use Technical Analysis – ‘Voodoo Magic’ – to Forecast Natural Gas Prices? Listen Now to NGI’s Hub & Flow

How Do You Use Technical Analysis – ‘Voodoo Magic’ – to Forecast Natural Gas Prices? Listen Now to NGI’s Hub & Flow

Click here to listen to part two of NGI’s three-part Hub & Flow podcast series that discusses how the North American natural gas market works and details the tools that are available to successfully navigate it. Trying to understand where the price of natural gas at the Henry Hub is headed? In part one, Patrick…

October 18, 2022
Production Drop Lends Support, But Mild Weather Keeps Pressure on Natural Gas Futures

Production Drop Lends Support, But Mild Weather Keeps Pressure on Natural Gas Futures

Given a bearish temperature outlook through the end of October, and against a backdrop of a fast-shrinking inventory deficit, natural gas futures continued to stumble in early trading Tuesday. Coming off a 45.4-cent sell-off in the previous session, the November Nymex contract was down another 2.7 cents to $5.972/MMBtu at around 8:40 a.m. ET. December…

October 18, 2022