Natural gas futures dived lower for a second straight session on Tuesday amid warmer weather patterns and the potential for storage injections over the coming weeks. The April Nymex gas futures contract settled at $4.568/MMBtu, down 9.0 cents day/day. May fell 8.5 cents to $4.617. NGI’s Spot Gas National Avg. shed 17.0 cents to $4.075…
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Natural Gas Futures, Cash Prices Skid Lower Amid Diminished Demand Expectations
Natural gas prices stumbled on Monday as weather forecasts continued to show mild conditions through late March, likely pushing the domestic market comfortably beyond the peak heating season. The April Nymex gas futures contract shed 6.7 cents day/day and settled at $4.658. May lost 6.4 cents to $4.702. NGI’s Spot Gas National Avg. dropped 56.0…
Cash Prices, Natural Gas Futures Falter as Mild Weather Dominates Forecasts
Natural gas prices stumbled on Monday as weather forecasts continued to show mild conditions through late March, likely pushing the domestic market comfortably beyond the peak heating season. The April Nymex gas futures contract shed 6.7 cents day/day and settled at $4.658. May lost 6.4 cents to $4.702. NGI’s Spot Gas National Avg. dropped 56.0…
As Production Tapers, Natural Gas Futures Rally to End Week
Natural gas futures forged higher on Friday as production dropped amid blasts of late-winter cold, marking a second consecutive day of gains but not enough to offset losses earlier in the week. The April Nymex gas futures contract gained 9.4 cents day/day and settled at $4.725/MMBtu. May rose 9.7 cents to $4.766. The prompt month…
Natural Gas Futures Advance Amid U.S. Production Drop, Global Supply Uncertainty
Natural gas futures forged higher on Friday as production dropped amid blasts of late-winter cold, marking a second consecutive day of gains but not enough to offset losses earlier in the week. The April Nymex gas futures contract gained 9.4 cents day/day and settled at $4.725/MMBtu. May rose 9.7 cents to $4.766. At A Glance:…
Triple-Digit Inventory Drop Bolsters April Natural Gas Futures
Natural gas prices advanced for the first time in four sessions this week, boosted by a triple-digit decline in inventories and festering uncertainty about the Russia-Ukraine war’s impact on commodity markets. The April Nymex natural gas futures contract settled at $4.631/MMBtu, up 10.5 cents day/day. May gained 10.8 cents to $4.669. NGI’s Spot Gas National…
Natural Gas Futures Bounce Back, Buoyed by Steep Storage Draw, Ukraine War Worries
Natural gas prices advanced for the first time in four sessions this week, boosted by a triple-digit decline in inventories and festering uncertainty about the Russia-Ukraine war’s impact on commodity markets. The April Nymex natural gas futures contract settled at $4.631/MMBtu, up 10.5 cents day/day. May gained 10.8 cents to $4.669. NGI’s Spot Gas National…
North America Natural Gas Market ‘Quiet’ as Disorder Reigns in Europe – Mexico Spotlight
Mexican President Andrés Manuel López Obrador on Tuesday pledged energy prices would not rise as a result of the Russia-Ukraine crisis, and this week U.S. natural market futures provided an assist. On Wednesday, the April New York Mercantile Exchange gas futures contract lost ground for a third straight day and shed a tenth of a…
Natural Gas Forwards Fall on Warming March Outlook, Potential Early Storage Build; Volatility Could Continue
Natural gas forward prices broke free from oil and other commodities during the March 3-9 period, sending prices sliding ahead of an expected warmup next week, according to NGI’s Forward Look. April fixed prices fell an average 20.0 cents during that time, while the summer strip (April-October) came off 14.0 cents on average. Price decreases…
Natural Gas Futures Trade Sideways Ahead of Expected Shift in Weather Demand
Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand. At A Glance: BREAKING: U.S. EIA reports 124 Bcf natural gas withdrawal from storage for the week ended March 4 U.S. LNG…