Natural gas futures

The combination of unseasonably light weather-driven demand and record-level production continued to deal one bearish blow after another to regional natural gas prices during the Dec. 7-13 trading period, data from NGI’s Forward Look show. Traders locked in fixed price discounts from coast-to-coast for the period, with Henry Hub down to $2.342/MMBtu for January delivery,…

North American natural gas futures slumped below $2.500/MMBtu this week amid ample supplies and weak domestic demand. Mexico demand for attractively priced U.S. gas, though, hasn’t abated.  For the past 10 days through Thursday, average pipeline imports of U.S. natural gas into Mexico averaged 6.59 Bcf/d. This was an increase of  0.80 Bcf/d over the…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 55 Bcf of natural gas from storage for the week ended Dec. 8, matching the figure modeled by NGI ahead of the report’s release. The draw was on par with most expectations. January Nymex futures were higher on the day at around $2.393/MMBtu…

Natural gas’ tendency to trade lower over the course of the winter is playing out in quicker fashion this year, with the prompt-month Nymex futures contract down nearly 35% since Nov. 1. More often than not — around 64% of the time — Nymex futures have ended lower at the end of the November-March winter…

January Nymex natural gas futures staged a modest recovery Wednesday, but attempts at more considerable gains were thwarted by overall mild weather trends that pointed to comparatively small storage withdrawals as production stayed robust. At A Glance: January futures stage modest recovery Slight cooldown provides some support Fundamentals remain mostly bearish The January contract settled…

Nymex January natural gas futures deflated further Tuesday amid storage glut woes driven by strong production and the absence of winter weather. At A Glance: January futures down 12.0 cents Cold weather remains elusive Inventory could reach 4 Tcf The front-month contract closed the regular trading session down 12.0 cents at $2.311/MMBtu, reversing steeper losses…

Banks that lend to U.S. energy companies are forecasting a “slight” increase in natural gas prices from 2024 into 2025, but mild weather and healthy storage levels have left the bears in charge in the near term, according to a survey by Haynes and Boone LLP. Lenders from the 25 banks that responded to the…

Nymex January natural gas futures deflated further Tuesday amid storage glut woes driven by strong production and the absence of winter weather. At A Glance: January futures sink another 12.0 cents Mild weather pattern continues Storage surpluses seen widening The front-month contract closed the regular trading session down 12.0 cents at $2.311/MMBtu, reversing steeper losses…

Natural gas futures cratered Monday, hammered by soaring natural gas production and a lack of weather-driven demand. The January Nymex natural gas contract settled 15.0 cents lower at $2.431/MMBtu. The front-month reversed earlier losses to a $2.294 intraday low. February careened 15.4 cents to end at $2.350. NGI’s Spot National Avg. climbed 8.5 cents from…