Natural gas futures

Low Wind Generation Drives EIA’s Shocking 81 Bcf Storage Build; Natural Gas Futures Surge

Low Wind Generation Drives EIA’s Shocking 81 Bcf Storage Build; Natural Gas Futures Surge

After weeks of surprising to the upside, the Energy Information Administration (EIA) stunned the natural gas market on Thursday with a much lower-than-expected 81 Bcf injection into storage. Although there were concerns of a low-side storage build, the figure came in 3 Bcf below the lowest estimate ahead of the inventory report. The latest EIA…

October 14, 2021
Global Price Strength Seen Driving Natural Gas Futures Higher in Early Trading

Global Price Strength Seen Driving Natural Gas Futures Higher in Early Trading

Natural gas futures rallied sharply early Thursday as analysts pointed to stronger overseas prices and a less bearish domestic weather outlook. The November Nymex contract was up 20.9 cents to $5.799/MMBtu at around 8:50 a.m. ET. In terms of recent weather model runs, EBW Analytics Group analysts early Thursday observed an additional 8.4 Bcf of…

October 14, 2021
Natural Gas Futures Find New Footing to End Losing Streak

Natural Gas Futures Find New Footing to End Losing Streak

Following a steep loss to start the week, natural gas futures recovered some ground Tuesday and finished ahead on the day as traders bet that recent market selloffs were overdone. This ended a two-day losing streak dating to last week. At A Glance: Futures end two-day skid Global supply challenges could fester Outlook points to…

October 13, 2021
Mild Temps to ‘Gradually Increase Headwinds’ for NatGas Prices as Futures Called Near Even

Mild Temps to ‘Gradually Increase Headwinds’ for NatGas Prices as Futures Called Near Even

Natural gas futures hovered close to even early Wednesday as forecasts showing sustained mild temperatures put downward pressure on prices. The November Nymex contract was off 1.5 cents to $5.490/MMBtu at around 8:45 a.m. ET. Updated forecasts early Wednesday continued to look bearish even with “some minor gains” in expected demand that would periodically bring…

October 13, 2021
November Natural Gas Futures Bounce Back Even as Forecast Weather Demand Eases

November Natural Gas Futures Bounce Back Even as Forecast Weather Demand Eases

Following a steep loss to start the week, natural gas futures recovered some ground Tuesday and finished ahead on the day as traders bet that recent market selloffs were overdone. This ended a two-day losing streak dating to last week. At A Glance: Futures end two-day losing streak Outlooks point to mild weather Global supply…

October 12, 2021
LNG Growth Said Creating Competitive Global Natural Gas Markets

LNG Growth Said Creating Competitive Global Natural Gas Markets

Turbulence in natural gas pricing facing buyers across the globe is not a sign of an energy system breakdown but rather is a part of the ongoing creation of competitive markets, according to Carina Energy Consulting’s Sam Andrus.  A veteran trader and analyst with decades of experience in the natural gas business, Andrus spoke on…

October 12, 2021
Natural Gas Futures Trade in 50-Cent Range, but Settle Lower; Cash Mixed on Chilly West

Natural Gas Futures Trade in 50-Cent Range, but Settle Lower; Cash Mixed on Chilly West

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 12, 2021
Global Price Spikes Create ‘Favorable’ Conditions for Second Wave of North American LNG Projects, Expansions

Global Price Spikes Create ‘Favorable’ Conditions for Second Wave of North American LNG Projects, Expansions

Soaring natural gas prices in Europe and Asia and a tight global natural gas market could get planned North American liquefied natural gas (LNG) projects across the finish line. A trio of experts spoke Tuesday on dynamics in the LNG market at the LDC Natural Gas Forum in New Orleans. NGI’s LNG Insight Senior Editor…

October 12, 2021
Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Bearish Domestic Fundamentals Keeping Pressure on Natural Gas Futures Early

Natural gas futures extended their losses in early trading Tuesday, with prices skidding double digits amid a bearish outlook for October fundamentals. After stumbling 22.0 cents in the previous session, the November Nymex contract was down another 13.7 cents to $5.208/MMBtu at around 8:45 a.m. ET. The European and American weather models both lost degree…

October 12, 2021
Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

The global natural gas squeeze has been festering, but U.S. cargoes to overseas markets are unlikely to save the day as winter draws near, according to a group of industry experts. In a series of webinars hosted last week by Raymond James & Associates Inc., executives offered their views on the risks facing the gas…

October 11, 2021