Natural gas futures were humming along most of Wednesday, with prices moving in and out of positive territory amid little change in the weather forecast or production data. In the last half of trading, however, the September Nymex exploded higher as details emerged regarding Freeport LNG’s potential return. At the close, the prompt month had…
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Natural Gas Futures Ease Lower as Traders Prepare to Digest Latest Storage Print
Natural gas futures held onto their recent gains early Thursday as traders awaited the latest government inventory data, set against the backdrop of a more bullish outlook for export demand later this year. After surging 56.0 cents higher in Wednesday’s session, the September Nymex contract was off 3.1 cents to $8.235/MMBtu as of around 8:50…
Cooler August Forecast Pressures Natural Gas Futures, Southeast Cash Plunges
After failing to sustain earlier decreases during the prior trading session, natural gas futures resumed their slide on Tuesday as two major weather models pointed to easing heat in the coming weeks. The September Nymex gas futures contract plunged 57.7 cents to $7.706/MMBtu. October futures tumbled 56.2 cents to $7.698. Spot gas prices tacked on…
Euro Weather Model Seen Leaning Cooler as Natural Gas Futures Called Slightly Higher
Natural gas futures pared some of their losses in early trading Wednesday as traders were left to contemplate August forecasts that advertised less intense summer heat. After tumbling 57.7 cents in Tuesday’s session, the September Nymex contract was up 6.6 cents to $7.772/MMBtu at around 8:55 a.m. ET. The American weather modeling added cooling degree…
Natural Gas Futures Fall as Heat Seen Easing; Southeast Leads Cash Declines
After failing to sustain earlier decreases during the prior trading session, natural gas futures resumed their slide on Tuesday as two major weather models pointed to easing heat in the coming weeks. The September Nymex gas futures contract plunged 57.7 cents to $7.706/MMBtu. October futures tumbled 56.2 cents to $7.698. Spot gas prices tacked on…
Is ERCOT Sweating the Hot Summer? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI Price & Markets Editor Leticia Gonzales is joined by Haynes & Boone partner Diana Liebmann to discuss how the Texas electric grid operator is coping with a record hot summer in the wake of broad changes made following Winter Storm…
Unrelenting Heat Spurs Bounce for Natural Gas Futures; Cash Falls on Wet Near-Term Outlook
Armed with a cooling weather forecast and a new production high over the weekend, natural gas traders initially sent September futures lower as the calendar flipped to August. However, midday weather models showing more heat for the East Coast quickly reversed the course for September Nymex gas futures. The prompt month settled 5.4 cents higher…
Milder Mid-August Pattern Helps Pressure Natural Gas Futures Lower in Early Trading
Natural gas futures retreated in early trading Tuesday as updated forecasts showed cooling demand weakening over the eastern Lower 48 toward mid-August. The September Nymex contract was off 32.6 cents to $7.957/MMBtu as of around 8:45 a.m. ET. The front month was also on track for losses in the day-earlier period before a midday rebound…
Natural Gas Futures See Late Bounce as August Forecast Turns Hotter; Rain Dampens Cash
Armed with a cooling weather forecast and a new production high over the weekend, natural gas traders initially sent September futures lower as the calendar flipped to August. However, midday weather models showing more heat for the East Coast quickly reversed the course for September Nymex gas futures. The prompt month settled 5.4 cents higher…
September Natural Gas Futures Find Path Forward Amid Blazing Heat
Natural gas futures fluctuated again Friday but ultimately forged ahead as weather forecasts pointed to above-average cooling demand in August. The September Nymex gas futures contract gained 9.5 cents day/day and settled at $8.229/MMBtu. It had shed 42.0 cents in its debut as the prompt month a day earlier, when price swings also defined trading.…