natural gas prices

Natural Gas Futures Finish Rough Week in Negative Territory, Despite Strong Storage Withdrawal; Cash Climbs

Natural Gas Futures Finish Rough Week in Negative Territory, Despite Strong Storage Withdrawal; Cash Climbs

Natural gas futures faltered for a fourth-consecutive day to end the week, with weakened weather demand expectations and lower U.S. export levels overshadowing a government inventory report that showed the steepest withdrawal of the season. The February Nymex gas futures contract settled at $2.446, down 4.5 cents day/day. March shed 4.1 cents to $2.456. NGI’s…

January 22, 2021
EIA Posts Steep Storage Withdrawal, but February Natural Gas Futures Continue Freefall

EIA Posts Steep Storage Withdrawal, but February Natural Gas Futures Continue Freefall

The U.S. Energy Information Administration (EIA) on Friday reported a withdrawal of 187 Bcf from natural gas storage for the week ending Jan. 15. It marked the steepest withdrawal of the season and exceeded the midpoint of analysts’ estimates. But it failed to impress, and Nymex natural gas futures faltered. Ahead of the EIA report,…

January 22, 2021
February Natural Gas Futures Fail to Find Footing, Fall for Third Consecutive Day

February Natural Gas Futures Fail to Find Footing, Fall for Third Consecutive Day

BREAKING: U.S. EIA on Friday reported a withdrawal of 187 Bcf from natural gas storage for the week ending Jan. 15 LNG feed gas levels dropped lower Cash prices were flat following two steep drops For a third-straight day, Natural gas futures gave up ground, with warmer weather outlooks outshining expectations for a steep storage…

January 22, 2021
Natural Gas Futures Slide Ahead of EIA Report as Forecasts Show More Warmth

Natural Gas Futures Slide Ahead of EIA Report as Forecasts Show More Warmth

As updated forecasts pointed to a mild start to February, and as traders prepared to digest the latest government inventory data, natural gas futures were down a few cents early Friday. The February Nymex contract was off 3.6 cents to $2.455/MMBtu at around 8:40 a.m. ET. The U.S. Energy Information Administration (EIA) on Friday could…

January 22, 2021
Weather Worries Hamper February Natural Gas Futures

Weather Worries Hamper February Natural Gas Futures

Natural gas futures fell for a second consecutive day Expectations for strong weather-driven demand dwindled Cash prices dropped as mild temperatures persisted Natural gas futures fell for a second consecutive day on Wednesday, as traders absorbed dwindling expectations for strong weather-driven demand, moderating U.S. liquefied natural gas (LNG) levels and a change in control in…

January 21, 2021
Lack of Cold Keeps Pressure on Natural Gas Futures as LNG Volumes Seen Dropping

Lack of Cold Keeps Pressure on Natural Gas Futures as LNG Volumes Seen Dropping

Continued warmth in the latest forecasts, combined with a drop in export volumes, sent natural gas futures several cents lower in early trading Thursday. The February Nymex contract was down 5.0 cents to $2.489/MMBtu at around 8:45 a.m. ET. The updated forecast from Bespoke Weather Services early Thursday showed small changes versus 24 hours earlier.…

January 21, 2021
Bulls ‘Giving Up Hope’ for Winter Cold as Natural Gas Futures Extend Slide Early

Bulls ‘Giving Up Hope’ for Winter Cold as Natural Gas Futures Extend Slide Early

Milder trends overnight in the forecast data piled on the pressure for natural gas futures in early trading Wednesday as hopes for substantive weather-driven demand this winter rapidly fade. After settling 19.1 cents lower in the previous session, the February Nymex contract was down 7.1 cents to $2.475/MMBtu at around 8:40 a.m. ET. The overnight…

January 20, 2021
Fading Expectations for Frigid Temperatures Weigh Down Natural Gas Futures

Fading Expectations for Frigid Temperatures Weigh Down Natural Gas Futures

Natural gas futures plunged on Tuesday after forecasts over the holiday weekend trended warmer for late January and early next month, diminishing prior expectations for a widespread winter freeze that would fuel robust heating demand. The February Nymex gas futures contract settled at $2.546/MMBtu, down 19.1 cents day/day. March fell 16.7 cents to $2.529. Spot…

January 19, 2021
Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecasts shifted to expectations for a severe winter chill Demand for U.S. LNG exports continued to boost sentiment Spot gas prices finished the week strong Weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5…

January 19, 2021
Large Warm Shift Over Holiday Weekend Sinks Natural Gas Futures

Large Warm Shift Over Holiday Weekend Sinks Natural Gas Futures

In another disappointment for natural gas bulls in a winter largely devoid of serious cold, weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5 cents to $2.582/MMBtu at around 8:45 a.m. ET. Compared to…

January 19, 2021
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