Natural gas futures

Natural gas futures continued to grind lower early Tuesday as uncooperative forecasts pointed to more struggles ahead for a market trying to manage excess supply.  After shedding 7.9 cents on Monday, the March Nymex contract was off another 0.8 cents to $1.760/MMBtu as of 8:46 a.m. ET. Recent price action reflects a market attempting to…

Still weighed down by underperforming winter demand, and with weekend forecasts offering little indication that bearish weather headwinds will ease anytime soon, natural gas futures skidded lower in early trading Monday. The March Nymex contract was off 1.8 cents to $1.829/MMBtu at around 8:48 a.m. ET. April was down 2.2 cents to $1.863. Weekend forecast…

Weekly natural gas cash prices remained under pressure for a fourth week as unseasonably mild February weather limited heating demand across much of the country, while a tanking in natural gas futures contributed to an overriding bearish market sentiment. NGI’s Weekly Spot National Avg. for the Feb. 5-9 period fell 15.0 cents to $1.965.  While…

After crashing Thursday through major $2.000/MMBtu support, March Nymex natural gas futures extended losses in the week’s closing session, retreating 7.0 cents day/day and closing at the lowest level in more than three years. At A Glance: March futures hits fresh lows Storage overhang seen widening Cash pressured by lack of demand The front-month contract…

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

March Nymex natural gas futures ended 5.0 cents lower Thursday as a widely anticipated storage withdrawal print from the U.S. Energy Information Administration (EIA) did little to quell bearish market sentiment. At A Glance: Futures end 5.0 cents lower Storage draw offers no surprise Weather pressures spot gas prices The front-month contract settled at $1.917/MMBtu…

March Nymex natural gas futures ended 5.0 cents lower Thursday as a widely anticipated storage withdrawal print from the U.S. Energy Information Administration (EIA) did little to quell bearish market sentiment. At A Glance: Futures tumble 5.0 cents Storage offers no surprise Spot gas down on weather The front-month contract settled at $1.917/MMBtu after trading…

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

The U.S. Energy Information Administration (EIA) reported a natural gas storage withdrawal of 75 Bcf for the week ending Feb. 2, which was bearish against expectations and historical averages. Ahead of the 10:30 a.m. ET government report, March Nymex futures were trading down 2.2 cents at $1.945/MMBtu after crashing through key $2.000 support a day…