natural gas price forecast

Banks that lend to natural gas and oil producers have substantially raised their price expectations for both commodities, according to the latest biannual Energy Bank Price Deck Survey conducted by Haynes and Boone LLP. The law firm conducts spring and fall editions of the survey each year to capture the expectations of energy banks for…

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…

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…

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…

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…

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…

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…

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…

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…