Natural gas futures

With heightened volatility expected heading into the front month expiration this week, and amid hints of weaker production in recent estimates, natural gas futures rallied sharply in early trading Monday. After selling off 12.9 cents on Friday, the March Nymex contract was up 10.0 cents to $1.703/MMBtu at around 8:45 a.m. ET. April was up…

Natural gas futures gave up more ground on Friday, hindered by robust supplies and exceptionally mild late-winter weather conditions. At A Glance: Heating demand fades Production remains high Storage surplus increases Coming off a 4.1-cent decline the previous session, the March Nymex gas futures contract on Friday fell another 12.9 cents day/day and settled at…

Natural gas futures headed for large sell-off Friday as midweek rally fizzles on blowtorch temps March Nymex contract down 12.7 cents to $1.605/MMBtu as of 2:20 p.m. ET, near pre-rally levels prior to Chesapeake Energy Corp. releasing production guidance Heating demand over next 15 days “would rank among some of the warmest late February and…

Natural gas futures flopped on Thursday after a government inventory report showed underground supplies surged to more than 20% above historical norms. At A Glance: EIA prints 60 Bcf withdrawal Production near 103 Bcf/d Weather forecasts bullish Following a nearly 20-cent spike the day before, the March Nymex gas futures contract on Thursday settled at…

Natural gas futures flopped on Thursday after a government inventory report showed underground supplies surged to more than 20% above historical norms. At A Glance: EIA prints 60 Bcf withdrawal Production near 103 Bcf/d Weather forecasts bearish Following a nearly 20-cent spike the day before, the March Nymex gas futures contract on Thursday settled at…

North American natural gas prices have been hammered for the past two weeks, and despite a minor rally, remain well below the $2.00 mark. The  March New York Mercantile Exchange gas futures contract on Thursday settled at $1.732/MMBtu, down 4.1 cents day/day. Prices had jumped on Wednesday after Chesapeake Energy Corp. said it intended to…

A wave of bullish optimism, tied to the production cuts announced recently by Chesapeake Energy Corp., also lifted regional natural gas forwards higher during the Feb. 15-21 trading period, NGI’s Forward Look data show. For numerous Lower 48 trading locations, the most pronounced week/week fixed price gains occurred further along the strip during the 2024…

Prices pulling back after midweek rally, but front month trading higher versus intraday lows March Nymex contract dipped to $1.661/MMBtu shortly after bearish 60 Bcf withdrawal reported by U.S. Energy Information Administration (EIA) March trading at $1.717 as of 2:20 p.m. ET, down 5.6 cents day/day; April down 4.6 cents to $1.817 American weather model…

Utilities withdrew 60 Bcf of natural gas from storage for the week ended Feb. 16, the U.S. Energy Information Administration (EIA) reported Thursday. The result missed expectations, fell far short of the five-year average draw of 168 Bcf and added to downward pressure on Nymex natural gas futures. A few minutes ahead of the 10:30…