Natural gas futures rallied a second day, as traders absorbed a bullish government inventory report and the potential for vulnerable global supplies should the war in Ukraine drag on and the coming summer prove exceptionally hot. The April Nymex gas futures contract jumped 24.2 cents day/day and settled at $4.990/MMBtu. May gained 23.7 cents to…
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Natural Gas Forward Prices Climb on Chillier Late-Winter Forecast, Potentially Tight Injection Season
Modest strengthening in the late-winter, weather-driven demand outlook and lagging production helped drive widespread gains for natural gas forwards during the March 10-16 trading period, NGI’s Forward Look data show. Week/week gains of around 10-25 cents characterized price action at most Lower 48 hubs, paced by a 22.2-cent gain for fixed price April trading at…
Natural Gas Pipeline Imports Steady as U.S. LNG Output Roars – Mexico Spotlight
War continues to rage in Ukraine, with sanctions on Russia squeezing international energy markets, but natural gas prices in Mexico lost ground week/week and imports of the fuel from the United States held steady. The United States continues to send out record levels of liquefied natural gas (LNG), and this week its Department of Energy…
With Inventories Falling, April Natural Gas Futures Rebound
Natural gas futures advanced Wednesday, rebounding from a two-day slump, as hints of late-March cold and lingering global supply issues caught traders’ attention. The April Nymex gas futures contract climbed 18.0 cents day/day and settled at $4.748. May rose 16.7 cents to $4.784. NGI’s Spot Gas National Avg. ticked up 9.0 cents to $4.165. Weather…
April Natural Gas Futures Rally Following Bullish EIA Inventory Print
The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 79 Bcf natural gas from storage for the week ended March 11. The result exceeded expectations and supported Nymex natural gas futures. A frigid weather system blanketed swaths of the nation’s midsection early in the covered period, delivering chilly rains and freezing temperatures.…
‘Bullish Technical Patterns’ See Natural Gas Futures Extend Gains Ahead of EIA Report
Propelled in part by what analysts characterized as bullish technical factors, natural gas futures continued higher in early trading Thursday ahead of the latest round of government inventory data. After rallying 18.0 cents in the previous session, the April Nymex contract was up another 9.3 cents to $4.841/MMBtu at around 8:50 a.m. ET. Predictions ahead…
Warm Temperatures Drive April Natural Gas Futures Lower
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…
April Natural Gas Futures Extend Losses as Weather Picture Brightens
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…
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…