Natural gas futures

Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot

Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot

Natural gas futures were headed for another daily decline through midday trading Tuesday before a sudden burst higher around 2 p.m. ET threatened to give market onlookers whiplash. Cash prices for the most part were advancing modestly off recent lows. Here’s the latest: May Nymex futures at $1.722/MMBtu as of 2:14 p.m. ET, up 3.1…

April 16, 2024
As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…

April 16, 2024
Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’

Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’

Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) neared $2.00/MMBtu last week but failed to push beyond a $1.943 Wednesday intraday high. With technical and fundamental support lacking, the front month headed lower on Monday, slipping 7.9 cents to settle at $1.691, and was trading marginally flat Tuesday morning. “The May Nymex…

April 16, 2024
May Natural Gas Futures Sputter as Benign Weather Intersects with Stout Supply

May Natural Gas Futures Sputter as Benign Weather Intersects with Stout Supply

Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models 55 Bcf injection The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash prices…

April 15, 2024
Natural Gas Futures Sinking on Weak LNG; Bargain Spot Prices Persist — MidDay Market Snapshot

Natural Gas Futures Sinking on Weak LNG; Bargain Spot Prices Persist — MidDay Market Snapshot

Natural gas markets felt the pressure of soft shoulder season fundamentals through midday trading Monday. Pleasant April weather, sagging export volumes and the continued inversion of the West Texas spot market contributed to a bearish outlook. Here’s the latest: May Nymex futures down 9.0 cents to $1.680/MMBtu as of 2:17 p.m. ET Flows to U.S.…

April 15, 2024
As Demand Dissipates, Natural Gas Futures and Spot Prices Finish Trading Week with Whimper

As Demand Dissipates, Natural Gas Futures and Spot Prices Finish Trading Week with Whimper

Natural gas futures were bound by a narrow range of gains and losses Friday. This capped a topsy-turvy trading week that featured falling production and an early rally, but also rapidly waning weather demand and choppy LNG activity that later sapped sentiment. At A Glance: Mild weather ahead Output near 99 Bcf/d Storage surplus holds…

April 12, 2024
Permian Natural Gas Forwards Plunge; Prices Steady Elsewhere on Shoulder Season Conditions 

Permian Natural Gas Forwards Plunge; Prices Steady Elsewhere on Shoulder Season Conditions 

With the market weighing mild shoulder season weather and bloated storage against weaker production, regional natural gas forward prices generally held steady at the front of the curve during the April 4-10 trading period. Fixed prices at benchmark Henry Hub finished the period at $1.888/MMBtu for May delivery, up 4.3 cents week/week, according to NGI’s…

April 12, 2024
Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot

Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot

Natural gas futures were on track to finish near even at the front of the curve through midday Friday as a steep sell-off in the previous session had bulls licking their wounds. Spot prices, meanwhile, were plummeting on pleasant April weather and light weekend demand. Here’s the latest: May Nymex contract at $1.773/MMBtu at around…

April 12, 2024
With Stout Supply in Storage, Natural Gas Futures and Cash Prices Sell Off

With Stout Supply in Storage, Natural Gas Futures and Cash Prices Sell Off

Natural gas futures on Thursday fumbled away gains made earlier this week following a stronger-than-expected government inventory print and forecasts for benign weather and weak demand ahead. At A Glance: EIA prints 24 Bcf build Production holds lower Weather demand fades Following modest gains over the prior four sessions, the May Nymex gas futures contract…

April 12, 2024
Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends

Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends

Following a heavy sell-off in the previous session, natural gas futures treaded water in early trading Friday as the market continued to digest the price implications of an unexpectedly plump springtime injection. The May Nymex contract was trading at $1.766/MMBtu, up 0.2 cents, as of 8:40 a.m. ET. June was up 0.2 cents to $2.002.…

April 12, 2024