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…
Tag / Natural gas futures
SubscribeNatural gas futures
Articles from Natural gas futures
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…
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…
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…
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…
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…
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…
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…
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…
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…