natural gas price forecast

Natural Gas Futures Pull Back as Forecasts Point to Sliding Demand

Natural Gas Futures Pull Back as Forecasts Point to Sliding Demand

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.    At A Glance: Futures fall amid cooler weather Forecasts call for mild conditions Global supplies tight The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents…

September 21, 2021
Pricing Transparency ‘An Asset for Everybody’ in Mexico Natural Gas Market, Expert Says

Pricing Transparency ‘An Asset for Everybody’ in Mexico Natural Gas Market, Expert Says

Market players and the government each have roles to play in creating a more liquid, transparent natural gas market in Mexico, according to Eduardo Prud’homme, cofounder of the Gadex energy consultancy. Prud’homme assessed the state of play in Mexico in the latest episode of NGI’s Hub and Flow podcast. Buyers and sellers of natural gas…

September 13, 2021
After ‘Exceptionally Volatile’ Session, Natural Gas Futures Surge Higher Early

After ‘Exceptionally Volatile’ Session, Natural Gas Futures Surge Higher Early

Tight balances and weather maps blanketed in above-normal temperatures kept the heat on in the natural gas futures market heading into Wednesday’s session, with prices sharply higher in early trading. At around 8:50 a.m. ET, the August Nymex contract was up 10.1 cents to $3.731/MMBtu. The futures market is coming off an “exceptionally volatile” session…

June 30, 2021
Natural Gas Futures Continue Slide Early as Analysts Point to Technical Factors

Natural Gas Futures Continue Slide Early as Analysts Point to Technical Factors

Coming off a sharp decline in the previous session, natural gas futures retreated further in early trading Wednesday as analysts pointed to technical factors, more so than fundamentals, to explain recent price action. The July Nymex contract was off 4.6 cents to $3.194/MMBtu at around 8:50 a.m. ET. The July contract fell 11.2 cents the…

June 16, 2021
July Natural Gas Adds to Gains Early as ‘Bears Need to Stage an Immediate Intervention’

July Natural Gas Adds to Gains Early as ‘Bears Need to Stage an Immediate Intervention’

Natural gas futures were virtually unchanged in early trading Monday, holding onto recent gains as updated forecasts eased off somewhat on expected heat over the next two weeks. The July Nymex contract was up 0.8 cents to $3.304/MMBtu at around 8:45 a.m. ET. The July contract is coming off a roaring 14.7-cent rally in Friday’s…

June 14, 2021
Natural Gas Forward Curve Shows ‘Resilience’ as Futures Rebound Early

Natural Gas Forward Curve Shows ‘Resilience’ as Futures Rebound Early

After largely absorbing the bearish impact of a cooler shift in forecasts heading into the current trading week, natural gas futures rebounded early Tuesday amid signs the market remains optimistic about summer pricing.  The June Nymex contract, set to expire this week, was up 3.4 cents to $2.920/MMBtu at around 8:50 a.m. ET. July was…

May 25, 2021
Natural Gas Futures Ease Lower Early; Temps Seen Averaging Above Normal

Natural Gas Futures Ease Lower Early; Temps Seen Averaging Above Normal

With no major changes from updated forecasts, and as analysts continued to mull a bearish miss in the latest government inventory data, natural gas futures traded slightly lower early Friday. The June Nymex contract was off 1.3 cents to $2.912/MMBtu at around 8:45 a.m. ET. After some back-and-forth trends in recent runs of the major…

May 21, 2021
Natural Gas Futures Surge as Forecasts Show ‘First Wave of Cooling Demand’ in East

Natural Gas Futures Surge as Forecasts Show ‘First Wave of Cooling Demand’ in East

Forecasts advertising hot temperatures for population centers in the eastern half of the Lower 48 later this month helped send natural gas futures sharply higher early Monday. The June Nymex contract was up 10.9 cents to $3.070/MMBtu at around 8:45 a.m. ET. Over the weekend weather models trended “notably warmer” for late this week into…

May 17, 2021
Forecasts Seen Needing More Heat to Impress as Natural Gas Futures Dip Early

Forecasts Seen Needing More Heat to Impress as Natural Gas Futures Dip Early

With the natural gas market still waiting for more impressive cooling demand to show up in forecasts, futures probed lower in early trading Tuesday. The June Nymex contract was down 3.7 cents to $2.895/MMBtu at around 8:50 a.m. ET. Technical support around $2.900 held for the June contract in Monday’s trading, but this support level…

May 11, 2021
Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Natural gas futures retreated in early trading Monday as forecasts over the weekend advertised milder conditions that would limit early season cooling demand. The June Nymex contract was down 2.3 cents to $2.935/MMBtu at around 8:45 a.m. ET. Changes in the weather data over the weekend pointed to lower overall demand for the next 15…

May 10, 2021
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