Natural gas futures

Storage Trajectory in Focus as Natural Gas Forwards Rally Despite Fading Cooling Demand

Storage Trajectory in Focus as Natural Gas Forwards Rally Despite Fading Cooling Demand

Natural gas forwards rallied from coast to coast during the Aug. 11-17 trading period as mounting storage adequacy concerns overshadowed a mild late-summer forecast, according to NGI’s Forward Look data. Fixed prices for September delivery at benchmark Henry Hub surged $1.042 during the period to $9.245/MMBtu, setting the pace for hefty markups across the Lower…

August 18, 2022
Natural Gas Futures Ease Ahead of EIA Storage Data, but Power Burns Lift Cash Prices

Natural Gas Futures Ease Ahead of EIA Storage Data, but Power Burns Lift Cash Prices

Natural gas futures fizzled midweek but held comfortably above $9 as bulls remained largely in control of the market. The September Nymex gas futures contract settled Wednesday at $9.244/MMBtu, off 8.5 cents day/day. October futures slid 8.3 cents to $9.228. At A Glance: BREAKING: U.S. EIA reports 18 Bcf storage injection Northeast leads production drops…

August 18, 2022
Natural Gas Futures Fly, then Crash Following EIA’s Modest 18 Bcf Storage Injection

Natural Gas Futures Fly, then Crash Following EIA’s Modest 18 Bcf Storage Injection

The Energy Information Administration (EIA) reported an 18 Bcf injection into natural gas storage inventories for the week ending Aug. 12, about half of what the market had expected. Natural gas futures already were higher on the day early Thursday, as traders appeared to expect a low-side injection. The September Nymex futures contract was trading…

August 18, 2022
September Natural Gas Rebounds Early as Traders Await EIA Report

September Natural Gas Rebounds Early as Traders Await EIA Report

Natural gas futures rebounded in early trading Thursday as traders awaited the latest government inventory data, expected to show a lighter-than-average summer injection into Lower 48 stockpiles.  After posting an 8.5-cent loss in the previous session, the September Nymex contract was up 12.6 cents to $9.370/MMBtu as of around 8:45 a.m. ET. Estimates ahead of…

August 18, 2022
Natural Gas Futures Soar Past $9 on Growing Supply Concerns

Natural Gas Futures Soar Past $9 on Growing Supply Concerns

After a solid recovery throughout Monday’s session, natural gas futures extended their streak Tuesday as maintenance activities took another toll on production. The September Nymex gas futures contract soared 60.1 cents day/day to settle at $9.329/MMBtu. October futures climbed 59.9 cents to $9.311. Spot gas prices also surged as power burns remain elevated despite cooler…

August 17, 2022
Bulls Parade Past $9 as Production Dips Again; Spot Gas Surges on Lingering Heat

Bulls Parade Past $9 as Production Dips Again; Spot Gas Surges on Lingering Heat

After a solid recovery throughout Monday’s session, natural gas futures extended their streak Tuesday as maintenance activities took another toll on production. The September Nymex gas futures contract soared 60.1 cents day/day to settle at $9.329/MMBtu. October futures climbed 59.9 cents to $9.311. Spot gas prices also surged as power burns remain elevated despite cooler…

August 16, 2022
Returning Supply, Cooler Forecasts Drive Natural Gas Futures Lower; Cash Mostly Down Too

Returning Supply, Cooler Forecasts Drive Natural Gas Futures Lower; Cash Mostly Down Too

Natural gas futures slipped early Monday as production returned to near all-time highs and weather models cooled a bit for late August. Though bulls stepped in to buy off session lows, the September Nymex gas futures contract settled at $8.728/MMBtu, off 4.0 cents from Friday’s close. October futures fell 3.2 cents to $8.712. Spot gas…

August 16, 2022
Production Drop, Technical Factors Seen Driving Natural Gas Futures Higher Early

Production Drop, Technical Factors Seen Driving Natural Gas Futures Higher Early

Riding technical momentum and drawing support from hefty declines in the latest production estimates, natural gas futures surged higher in early trading Tuesday. As of around 8:50 a.m. ET, the September Nymex contract was up 51.6 cents to $9.244/MMBtu. In Monday’s session, prices rebounded after a test of support at $8.40, EBW Analytics Group senior…

August 16, 2022
Natural Gas Futures Extend Losses on Returning Supply, Cooling Temperatures

Natural Gas Futures Extend Losses on Returning Supply, Cooling Temperatures

Natural gas futures slipped early Monday as production returned to near all-time highs and weather models cooled a bit for late August. Though bulls stepped in to buy off session lows, the September Nymex gas futures contract settled at $8.728/MMBtu, off 4.0 cents from Friday’s close. October futures fell 3.2 cents to $8.712. Spot gas…

August 15, 2022
Natural Gas Futures Slip After Volatile Session; Cash Rises on Power Demand

Natural Gas Futures Slip After Volatile Session; Cash Rises on Power Demand

After plunging close to $8.50/MMBtu just before the open, natural gas futures clawed most of the way back throughout Friday’s session despite little day/day change in fundamentals. The September Nymex gas futures contract settled at $8.768/MMBtu, down 10.6 cents from Thursday’s close. October fell a steeper 11.9 cents to $8.744. Spot gas prices continued to…

August 15, 2022