Natural gas futures

Hurricane Ian Raises Specter of ‘Gargantuan’ Storage Injection, Weighs on Natural Gas Futures, Cash Prices

Hurricane Ian Raises Specter of ‘Gargantuan’ Storage Injection, Weighs on Natural Gas Futures, Cash Prices

Natural gas futures stumbled on Friday as Hurricane Ian, after ravaging Florida, moved up the Atlantic and menaced Southeast coastal markets. It brought fierce winds and storm surges, curbing cooling demand and pressuring prices. At A Glance: Massive storm batters East Coast Weather-driven demand withers Production holds near 2022 high The November Nymex gas futures…

September 30, 2022
Natural Gas Futures, Cash Prices Drop in Hurricane Ian’s Wake

Natural Gas Futures, Cash Prices Drop in Hurricane Ian’s Wake

Natural gas futures fell on Thursday in the wake of demand destruction imposed by Hurricane Ian and another stout storage injection. The November Nymex gas futures contract, debuting as the prompt month, lost 8.1 cents day/day and settled at $6.874 /MMBtu. December shed 5.8 cents to $7.142. At A Glance: EIA prints 103 Bcf storage…

September 30, 2022
Market Said Oversupplied as Analysts Assess Triple-Digit Build; NatGas Futures Called Lower

Market Said Oversupplied as Analysts Assess Triple-Digit Build; NatGas Futures Called Lower

As traders and analysts continued to contemplate shoulder season balances following a second consecutive triple-digit inventory build, natural gas futures skidded lower early Friday. The November Nymex contract was off 4.4 cents to $6.830/MMBtu at around 8:45 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 103 Bcf injection for the week ended…

September 30, 2022
Hurricane Ian, Nord Stream Attacks, Recession Fears Punctuate Week in Natural Gas – Mexico Spotlight

Hurricane Ian, Nord Stream Attacks, Recession Fears Punctuate Week in Natural Gas – Mexico Spotlight

North American natural gas prices continued on the downward swing this week as Hurricane Ian pummeled the U.S. state of Florida and markets braced for a potential economic slowdown. The October Nymex natural gas futures contract edged up 21.7 cents on Wednesday, its final day as prompt month, to expire at $6.868/MMBtu. On Thursday, November…

September 29, 2022
October Natural Gas Finish Strong Amid Global Supply Hits, Powerful Hurricane Ian

October Natural Gas Finish Strong Amid Global Supply Hits, Powerful Hurricane Ian

Natural gas futures seesawed as a powerful hurricane hammered Florida Wednesday, curbing demand but raising the specter of production interruptions. Market participants also weighed expectations for another stout storage print amid thin trading heading into contract expiration. At A Glance: BREAKING: U.S. EIA reports 103 Bcf natural gas storage injection for week ended Sept. 23…

September 29, 2022
November Natural Gas Futures Fall Following Second Straight Triple-Digit Storage Injection

November Natural Gas Futures Fall Following Second Straight Triple-Digit Storage Injection

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 103 Bcf natural gas into storage for the week ended Sept. 23. The result exceeded expectations and matched the largest build of the season – posted the prior week. The print pressured Nymex natural gas futures. Just ahead of the 10:30 ET EIA…

September 29, 2022
Natural Gas Futures Slide Early as Ian Leaves Millions without Power

Natural Gas Futures Slide Early as Ian Leaves Millions without Power

As traders contemplated severe damage in Florida from Hurricane Ian, natural gas futures declined early Thursday ahead of the latest round of government inventory data. The November Nymex contract was off 16.3 cents to $6.792/MMBtu as of around 8:55 a.m. ET. After carving a devastating path through Florida, causing severe flooding and reportedly leaving millions…

September 29, 2022
Natural Gas Futures Drop, Cash Prices Climb Ahead of ‘Dangerous’ Hurricane

Natural Gas Futures Drop, Cash Prices Climb Ahead of ‘Dangerous’ Hurricane

Natural gas futures dived lower on Tuesday as Hurricane Ian approached the southeastern United States, threatening demand destruction and elevating uncertainty in a thinly traded market heading into prompt month expiration Wednesday. Ongoing energy tumult in Europe tied to Russia’s war in Ukraine added another dose of unease for market participants. The October Nymex gas…

September 28, 2022
October Natural Gas Futures Flounder as Hurricane, Expiry Approach

October Natural Gas Futures Flounder as Hurricane, Expiry Approach

Natural gas futures dived lower on Tuesday as Hurricane Ian approached the southeastern United States, threatening demand destruction and elevating uncertainty in a thinly traded market heading into prompt month expiration Wednesday. Ongoing energy tumult in Europe tied to Russia’s war in Ukraine added another dose of unease for market participants. The October Nymex gas…

September 27, 2022
With Hurricane Ian Approaching, Natural Gas Futures and Cash Prices Advance

With Hurricane Ian Approaching, Natural Gas Futures and Cash Prices Advance

Coming off a 12% slump last week, natural gas futures clawed back into the green Monday amid estimates of record output and potential threats to production in the form of a hurricane en route to Florida. The October Nymex gas futures contract gained 7.5 cents day/day and settled at $6.903/MMBtu. November added 2.2 cents to…

September 27, 2022