Natural gas futures on Friday probed higher for the fourth time of the week and the seventh time in eight sessions, powered by forecasts for stronger heating demand arriving just as production is easing. The April Nymex gas futures contract settled at $3.009/MMBtu, up 24.4 cents day/day. May jumped 24.2 cents to $3.141. At A…
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After Six-Session Rally, April Natural Gas Futures Finally Lose Momentum
Natural gas futures fell for the first time in seven sessions on Thursday after a federal inventory report showed robust supplies and modest demand through the end of February. However, losses were modest, and analysts said another rally may soon commence amid signs of falling production, a bump in LNG demand and anticipated rounds of…
Natural Gas Futures Snap Six-Day Streak of Gains After Anemic Storage Print; Spot Prices Advance
Natural gas futures fell for the first time in seven sessions on Thursday after a federal inventory report showed robust supplies and modest demand through the end of February. However, losses were modest, and analysts said another rally may soon commence amid signs of falling production, a bump in LNG demand and anticipated rounds of…
Nearshoring Grabbing Headlines as U.S. Natural Gas Producers Set to Pull Back – Mexico Spotlight
On Thursday, U.S. natural gas futures fell for the first time in seven sessions. The April New York Mercantile Exchange gas futures contract slipped 4.6 cents day/day and settled at $2.765/MMBtu. May fell 4.4 cents to $2.899. The previous rally has proved minor and the overall plunge in U.S. prices remains dramatic. Last August, Henry…
Record-Breaking Snowstorms Hit West Coast, Driving Massive Price Increases Along Forward Curve
Natural gas forward prices escalated across the Lower 48 throughout the Feb. 23-March 1 period, with a continuation of winter storms fueling sharp premiums on the West Coast, according to NGI’s Forward Look. Fixed prices remain low overall as benchmark Henry Hub stood Wednesday at $2.819/MMBtu for April. That has prompted some power generators to…
Natural Gas Futures, Spot Prices Power Forward Wednesday After Production Slips
Natural gas futures forged higher for a sixth consecutive session on Wednesday as traders focused on weakening production and forecasts for chilly March conditions. The April Nymex gas futures contract settled at $2.811/MMBtu, up 6.4 cents day/day. May rose 8.0 cents to $2.943. At A Glance: BREAKING: U.S. EIA reports 81 Bcf withdrawal from stocks…
Weak Winter Storage Withdrawal Sends Natural Gas Futures Lower
Utilities pulled 81 Bcf of natural gas from storage for the week ended Feb. 24, the U.S. Energy Information Administration (EIA) reported Thursday. The result proved slightly steeper than forecasts but anemic relative to averages, driving Nymex natural gas futures into the red. Ahead of the 10:30 ET release, the April futures contract was essentially…
Natural Gas Futures Eke Out Modest Gain as West Coast Cash Rallies on Winter Storm
In a display of technical trading at work, natural gas futures spent the majority of Tuesday’s trading session firmly in the red before a late rally sent the April Nymex gas futures contract 1.6 cents higher day/day to $2.747/MMBtu. May futures tacked on a penny to $2.863. At A Glance: Will it be cold in…
Late Buying Spree Propels Natural Gas Futures Higher for Fifth Straight Day; Cash Mixed
In a display of technical trading at work, natural gas futures spent the majority of Tuesday’s trading session firmly in the red before a late rally sent the April Nymex gas futures contract 1.6 cents higher day/day to $2.747/MMBtu. May futures tacked on a penny to $2.863. Spot gas traded mostly sideways across the country,…
Natural Gas Futures Climb Fourth Straight Day as Models Tease More Cold
Natural gas futures extended their gains on Monday as weather models continued to show cold over much of the Lower 48 for early to mid-March and Freeport LNG stayed on its path toward full operations. With some nascent technical momentum also in play, the newly prompt April Nymex natural gas contract settled at $2.731/MMBtu, up…