Natural gas futures

Early Storage Injection Sends April Natural Gas Futures Lower

Early Storage Injection Sends April Natural Gas Futures Lower

The U.S. Energy Information Administration (EIA) on Thursday reported a 7 Bcf injection into natural gas storage facilities for the week ended March 15, heaping additional pressure on natural gas futures. Ahead of the 10:30 a.m. ET storage print, April Nymex futures were trading down 2.1 cents day/day at $1.678/MMBtu. After the data was released,…

March 21, 2024
Early Injection Expected from EIA as Natural Gas Futures Slide

Early Injection Expected from EIA as Natural Gas Futures Slide

With the latest government inventory data expected to further expand the storage surplus and potentially reveal an unseasonably early net injection, natural gas futures fell in early trading Thursday. The April Nymex contract was off 0.8 cents to $1.691/MMBtu as of 8:47 a.m. ET. May was down 1.4 cents to $1.831. Estimates for the U.S.…

March 21, 2024
April Natural Gas Futures Finish Higher Supported by Cold; Spot Gas Climbs

April Natural Gas Futures Finish Higher Supported by Cold; Spot Gas Climbs

April Nymex natural gas futures extended gains Tuesday with bulls feeding on near-term weather forecasts that would support a bump in demand and a pullback in the widening of natural gas storage surpluses. At A Glance: Futures add to prior gains Demand boosted by chill Cash gas up, Texas negative The front-month contract settled 4.1…

March 20, 2024
Natural Gas Futures Steady Early as Market Mulls Supportive Late-Season Cooling

Natural Gas Futures Steady Early as Market Mulls Supportive Late-Season Cooling

Natural gas futures hovered close to unchanged early Wednesday as modest late-season cooling remained supportive for a market working through a significant storage glut exiting winter. After turning in two straight positive sessions to open the work week, including a 4.1-cent gain on Tuesday, the April Nymex contract was trading flat at $1.744/MMBtu as of…

March 20, 2024
Natural Gas Futures Up Modestly; West Texas Cash Still Negative — MidDay Market Snapshot

Natural Gas Futures Up Modestly; West Texas Cash Still Negative — MidDay Market Snapshot

Natural gas futures remained modestly higher at the front of the curve through midday trading Tuesday as prices continued to draw support from a relatively cool forecast and flagging production. Meanwhile, West Texas spot prices remained on the wrong side of zero. Here’s the latest: April Nymex contract up 3.2 cents to $1.735/MMBtu as of…

March 19, 2024
Natural Gas Futures Prices Finish Higher Monday; Cash Up on Cooldown

Natural Gas Futures Prices Finish Higher Monday; Cash Up on Cooldown

Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. The April Nymex natural gas futures contract settled Monday at $1.703/MMBtu. Prices rallied early to a high of $1.762 but…

March 19, 2024
Natural Gas Futures Advance Amid Late Season Cooling, Production Weakness

Natural Gas Futures Advance Amid Late Season Cooling, Production Weakness

A cooler weather outlook and continued evidence of receding production volumes helped lift natural gas futures in early trading Tuesday.  Building on a 4.8-cent rally in the previous session, the April Nymex contract was up 4.9 cents to $1.752/MMBtu as of 8:43 a.m. ET. Natural gas futures “caught a modest bid on Monday, with a…

March 19, 2024
Colder Forecast, Tighter Balances Lift Natural Gas Futures in Early Trading

Colder Forecast, Tighter Balances Lift Natural Gas Futures in Early Trading

Supportive weekend weather trends, against a backdrop of tightening underlying fundamentals, helped natural gas futures rebound in early trading Monday. After plunging 8.6 cents in Friday’s session, the April Nymex contract was up 8.8 cents to $1.743/MMBtu as of 8:35 a.m. ET. The American Global Forecast System model added 20 heating degree days (HDD) over…

March 18, 2024
Natural Gas Futures Drop as Freeport LNG’s Rolling Outages Stymie Demand; Cash Extends Gains

Natural Gas Futures Drop as Freeport LNG’s Rolling Outages Stymie Demand; Cash Extends Gains

Natural gas futures fell Friday, tripped up by warmer forecasts for late March and additional work at the Freeport LNG terminal that could offset volume gains from a restart of its third train. At A Glance: Production at 100.8 Bcf/d National Avg. gains for second day Freeport LNG inspections offset restart The April Nymex contract…

March 15, 2024
With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – Column

With Natural Gas Prices So Cheap Across the Border, Why Isn’t Mexico Importing More? – Column

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Almost 10 years have passed since the formation of Cenagas, the operator of Mexico’s Sistrangas natural gas pipeline network. The first open…

March 15, 2024