Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…
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Potentially Frigid Start to January Supports Natural Gas Futures in Early Trading
Natural gas futures traded either side of even in the early morning hours Tuesday as the market weighed near-term warmth against the potential for frigid temperatures to dip into the Lower 48 to kick off 2022. After dropping as low as $3.719/MMBtu in after hours trading, the January Nymex contract was up 3.8 cents to…
Natural Gas Futures Skid Lower as Forecasts Point to Modest Heating Demand; Cash Climbs
Natural gas futures slipped further Friday, led lower by forecasts for benign weather through the end of December. The January Nymex contract settled at $3.690/MMBtu, down 7.6 cents day/day. A day earlier, the prompt month fell 3.6 cents. February lost 7.6 cents and closed at $3.639/MMBtu on Friday. NGI’s Spot Gas National Avg., in contrast,…
Models Deliver Warm Christmas in Latest Runs, But Natural Gas Rallies Early on Cold January
With a cold start to January still a possibility, and with analysts observing fresh highs in export demand, natural gas futures traders shrugged off warmer trends from models over the weekend to send prices higher early Monday. The January Nymex contract was up 13.8 cents to $3.828/MMBtu at around 8:45 a.m. ET. Milder trends for…
Natural Gas Futures Skid Lower as Forecasts Point to Modest Heating Demand; Cash Climbs
Natural gas futures slipped further Friday, led lower by forecasts for benign weather through the end of December. The January Nymex contract settled at $3.690/MMBtu, down 7.6 cents day/day. At A Glance: Weather outlook remains dubious Demand for exports holds strong Cash prices soar in Northeast A day earlier, the prompt month fell 3.6 cents.…
Natural Gas Futures Slip as Traders Unconvinced of Late-December Cold; Cash Mixed
Natural gas futures neared the $4.00/MMBtu mark early Thursday after long-range weather forecasts trended colder. But with models backing off the amount of frigid air in the last few days of December, the January Nymex gas futures contract settled at $3.766, off 3.6 cents on the day. February slid 4.6 cents to $3.715. At A…
Weather Models Seen Trending Warmer as Natural Gas Futures Slide Early
As traders contemplated warmer forecast trends and a growing storage cushion amid recent milder-than-normal heating demand, natural gas futures skidded lower early Friday. The January Nymex contract was off 5.4 cents to $3.712/MMBtu at around 8:50 a.m. ET. After a number of “back-and-forth shifts,” the latest move in the weather models as of early Friday…
Late Selling Sends Natural Gas Futures into Red after Weather Data Backs off Late-Month Cold
Natural gas futures neared the $4.00/MMBtu mark early Thursday after long-range weather forecasts trended colder. But with models backing off the amount of frigid air in the last few days of December, the January Nymex gas futures contract settled at $3.766, off 3.6 cents on the day. February slid 4.6 cents to $3.715. Spot gas…
Sleepy Pre-Holiday Trading Sees Small Changes for Most Natural Gas Forwards
A stretch of comparatively stolid pre-holiday price action in the natural gas market yielded generally modest net changes to natural gas forwards during the Dec. 9-15 trading period, NGI’s Forward Look data show. A 1.3-cent week/week fixed price discount for the Henry Hub prompt month saw many Lower 48 points trade within five to 10…
North American Natural Gas Market Bearish Despite European Energy Crisis – Mexico Spotlight
North American natural gas prices continued to show a modicum of stability this week as across the pond supply fears sent prices spiralling. Amid mild weather conditions, the January Nymex gas futures contract settled 5.5 cents higher day/day on Wednesday at $3.802/MMBtu, while February rose 4.8 cents to $3.761. Rystad Energy analysts said that bearish…