Natural gas futures

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frigid air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…

Natural gas futures rallied to open 2024 after updated forecasts advertised more widespread cold into mid-January, though whether this wave of bullish momentum would endure longer than the typical New Year’s resolution remained an open question. The February Nymex contract was up 10.2 cents to $2.616/MMBtu at around 8:50 a.m. ET. March was up 8.1…

February Nymex natural gas futures finished the truncated holiday week between Christmas and New Year’s down 4.3 cents as weather forecasts suggested light heating demand deeper into winter. At A Glance: February futures down 4.3 cents Light demand expected Cash up with cold The front-month contract settled the regular trading session at $2.514/MMBtu. February futures…

Experts from Mexico’s energy industry told NGI’s Mexico GPI that they feel optimistic 2024 will bring positive developments to the natural gas sector following several difficult years of uncertainty and unforeseen policy changes. In conversations and exchanges with nine Mexico energy industry experts and leaders in December, the majority expressed cautious or moderate optimism for…

February Nymex natural gas futures closed the first day as the front-month contract up 12.0 cents, adding to early gains after the U.S. Energy Information Administration (EIA) reported a storage withdrawal that surprised the market to the upside. At A Glance: February contract ends 12 cents higher EIA reports 87-Bcf bullish draw Cash sinks with…

Natural gas futures gave back some of the previous session’s gains early Friday as traders attempted to price in a mixed forecast outlook ahead of another long holiday weekend break. After rallying 12.0 cents on Thursday, the February Nymex contract was down 3.7 cents to $2.520/MMBtu at around 8:43 a.m. ET. Maxar’s Weather Desk noted…

February Nymex natural gas futures closed the first day as the front-month contract up 12.0 cents, adding to early gains after the U.S. Energy Information Administration (EIA) reported a storage withdrawal that surprised the market to the upside. At A Glance: February contract ends 12 cents higher EIA reports 87-Bcf bullish draw Cash sinks with…

North American natural gas prices showed a little bit of momentum this week, but remained well under the $3 mark. The New York Mercantile Exchange contract for February natural gas ended its first day as the prompt month on Thursday at $2.557/MMBtu. January futures rolled off the board Wednesday 6.9 cents higher day/day at $2.619.…

February Nymex natural gas futures moved higher as it pulled into the lead position Thursday, extending gains following the supportive U.S. Energy Information Administration (EIA) storage report for the week of Dec. 22. The fresh front-month contract was trading up 8.9 cents at $2.526/MMBtu at around 10:30 a.m. ET. By 11:00 a.m. ET, February futures…