Natural gas futures

October Natural Gas Futures Contract Holds in Positive Territory Following In-Line Storage Injection

October Natural Gas Futures Contract Holds in Positive Territory Following In-Line Storage Injection

The U.S. Energy Information Administration (EIA) reported an injection of 54 Bcf natural gas into storage for the week ended Sept. 2. The print came in roughly on par with expectations but below historic norms. Nymex natural gas futures were ahead in early trading Thursday – before and after the report. In the comparable week…

September 8, 2022
Recession Fears, Europe Supply Woes Weigh on North American Natural Gas Markets Ahead of Winter

Recession Fears, Europe Supply Woes Weigh on North American Natural Gas Markets Ahead of Winter

With a U.S. recession appearing more likely in 2023 and uncertainty swirling around natural gas flows from Russia to Europe, natural gas markets may be in for a bumpy ride heading into the shoulder and winter seasons. “Our baseline is that you will see a recession in 2023,” Macquarie Group Ltd.’s David Doyle, head of…

September 7, 2022
Natural Gas Futures Fade on Milder Temps, Strong Production

Natural Gas Futures Fade on Milder Temps, Strong Production

As traders continued to read the tea leaves on winter supply dynamics both at home and abroad, a combination of fading weather-driven demand and strong production saw natural gas futures tumble in the market’s return from the Labor Day holiday. Extending a 47.6-cent sell-off leading into Labor Day Weekend, the October Nymex contract plunged another…

September 7, 2022
Natural Gas Futures Extend Losses Early Amid Concerns Over Cheniere LNG Decision

Natural Gas Futures Extend Losses Early Amid Concerns Over Cheniere LNG Decision

Natural gas futures continued to slide early Wednesday as traders mulled potential impacts to LNG exports from a reinstated pollution rule affecting two major U.S. terminals.  After plunging 64.1 cents in Tuesday’s trading, the October Nymex contract was down another 12.6 cents to $8.019/MMBtu at around 8:55 a.m. ET. Selling in Tuesday’s session occurred in…

September 7, 2022
Natural Gas Futures Recede on Milder Temps, Production Strength; More Cali Cash Premiums

Natural Gas Futures Recede on Milder Temps, Production Strength; More Cali Cash Premiums

As traders continued to read the tea leaves on winter supply dynamics both at home and abroad, a combination of fading weather-driven demand and strong production saw natural gas futures tumble in the market’s return from the Labor Day holiday. Extending a 47.6-cent sell-off leading into Labor Day Weekend, the October Nymex contract plunged another…

September 6, 2022
Natural Gas Markets Mull Recession Fears, Europe Storage Outlook Heading into Shoulder Season

Natural Gas Markets Mull Recession Fears, Europe Storage Outlook Heading into Shoulder Season

With a recession appearing more likely in 2023 and uncertainty swirling around natural gas flows from Russia to Europe, natural gas markets may be in for a bumpy ride heading into the shoulder and winter seasons. “Our baseline is that you will see a recession in 2023,” Macquarie Group Ltd.’s David Doyle, head of economics,…

September 6, 2022
Improved Supply Picture, Cooler Outlook Drags Natural Gas Futures, Cash Lower

Improved Supply Picture, Cooler Outlook Drags Natural Gas Futures, Cash Lower

It was a bloodbath in the natural gas market at the close of the week, with production figures showing only a modest dip day/day and holding near highs. With the most intense heat throughout the first half of the month relegated out West, the October Nymex gas futures contract plunged 47.6 cents Friday to settle…

September 6, 2022
Production Strength, Fading Heat Keep Pressure on Natural Gas Futures

Production Strength, Fading Heat Keep Pressure on Natural Gas Futures

Natural gas futures extended their recent losses in early trading Tuesday as analysts pointed to a number of bearish developments, including strong domestic production and fading weather-driven demand. The October Nymex contract was down 37.5 cents to $8.411/MMBtu at around 8:45 a.m. ET. The 47.6-cent sell-off back in Friday’s session saw the October contract break…

September 6, 2022
Natural Gas Futures Collapse on Stronger Production, Storage Optimism; Cash Slides

Natural Gas Futures Collapse on Stronger Production, Storage Optimism; Cash Slides

It was a bloodbath in the natural gas market at the close of the week, with production figures showing only a modest dip day/day and holding near highs. With the most intense heat throughout the first half of the month relegated out West, the October Nymex gas futures contract plunged 47.6 cents Friday to settle…

September 2, 2022
Bearish Storage Data Ignored in Latest Gain for Natural Gas Futures; Cash Rallies Too

Bearish Storage Data Ignored in Latest Gain for Natural Gas Futures; Cash Rallies Too

After falling within pennies of the $9 mark early Thursday, bulls paraded in and delivered a swift kick to natural gas futures prices. Storage data confirming looser balances sapped momentum only briefly, with the October Nymex gas futures contract settling at $9.262/MMBtu, up 13.5 cents on the day. November futures picked up 14.1 cents to…

September 2, 2022