Utilities injected 16 Bcf of natural gas into storage for the week ended July 21, government data released Thursday showed. The U.S. Energy Information Administration (EIA) print modestly exceeded expectations, keeping supplies stout and applying pressure on Nymex natural gas futures. Ahead of the 10:30 a.m. ET report, the August futures contract was down 5.0…
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Natural Gas Futures, Cash Prices Advance Alongside Soaring Temperatures
Natural gas futures on Tuesday rebounded from losses a day earlier as exceptional near-term heat powered demand and overshadowed lingering concerns about elevated production and supplies. Coming off a 2.8-cent decline, the August Nymex gas futures contract on Tuesday gained 4.5 cents day/day and settled at $2.730/MMBtu. The September contract rose 5.9 cents to $2.747.…
August Natural Gas Retreats Early as Contract Expiry Seen Influencing Near-Term Trade
As traders weighed a mix of fundamental factors ahead of the looming front month contract expiration, natural gas futures retreated early Wednesday. The August Nymex contract was off 2.9 cents to $2.701/MMBtu at around 8:30 a.m. ET. September was down 2.9 cents to $2.718. Front month declines early Wednesday occurred as “near-term weather forecasts appear…
As Heat Swelters Toward Records and Spot Prices Strengthen, Natural Gas Futures Bounce Back
Natural gas futures on Tuesday rebounded from losses a day earlier as exceptional near-term heat powered demand and overshadowed lingering concerns about elevated production and supplies. Coming off a 2.8-cent decline, the August Nymex gas futures contract on Tuesday gained 4.5 cents day/day and settled at $2.730/MMBtu. The September contract rose 5.9 cents to $2.747.…
Natural Gas Futures Struggle to Find Momentum Even as Demand Powers Spot Prices
Natural gas futures struggled to find direction Monday, teetering between modest gains and losses as traders weighed robust near-term cooling demand against strong production and stout supplies in storage. The August Nymex gas futures contract ultimately settled at $2.685/MMBtu, down 2.8 cents day/day. September lost 1.9 cents to $2.688. The prompt month advanced 7% last…
Traders Mull ‘Blistering Heat’ as Natural Gas Futures Nudge Higher Early
As traders continued to assess the demand impacts of scorching heat, albeit with more temperate conditions expected over the eastern Lower 48 by early August, natural gas futures probed modestly higher early Monday. The August Nymex contract was up 1.2 cents to $2.725/MMBtu at around 8:35 a.m. ET. September was up 1.4 cents to $2.721.…
Natural Gas Futures, Spot Prices Stumble but Bullish Catalysts Abound
Natural gas futures gave up ground amid profit-taking on Friday but finished ahead for the week as robust cooling demand was expected to endure. At A Glance: Prompt month sheds 4.4 cents Weather demand holds strong Storage supplies remain robust The August Nymex gas futures contract fell 4.4 cents day/day and settled at $2.713/MMBtu. September…
Natural Gas Key in Mexico Energy Transition, Nearshoring Opportunity, Says Valia Energía CEO
“The most important opportunities for the future are without question tied to the energy transition in Mexico,” Narcis de Carreras, CEO of Valia Energia in Mexico City, told NGI’s Mexico GPI. “Across all of these developments, natural gas will continue to play a central and key role for many more years and will be relied…
Bullish Storage Injection Powers Natural Gas Futures, Cash Prices
Natural gas futures powered forward on Thursday, bolstered by a bullish government inventory report, lighter production and forecasts for intense heat in August. The August Nymex gas futures contract settled at $2.757/MMBtu, up 15.4 cents day/day. September gained 14.6 cents to $2.731. NGI’s Spot Gas National Avg. jumped 17.5 cents to $2.715. Futures started the…
Natural Gas Futures Preserve Gains Early as Widespread Heat Bolsters Demand
Natural gas futures held on to their recent gains early Friday as traders continued to mull balances, including a demand outlook bolstered by sweltering summer temperatures. Following Thursday’s 15.4-cent rally off a bullish storage print, the August Nymex contract was trading at $2.759/MMBtu as of around 8:30 a.m. ET, up two-tenths of a cent. The…