natural gas prices

LNG Recap: Supply Disruptions Help Push Global Natural Gas Benchmarks Higher

LNG Recap: Supply Disruptions Help Push Global Natural Gas Benchmarks Higher

Asian and European natural gas benchmarks moved higher over the last week as winter buying heats up and supply disruptions in Australia, Norway and the United States persist.  Asian spot prices remained strong Monday after hitting their highest point in about a year last week. Meanwhile, the front-month Japan Korea Marker contract was at $6.315/MMBtu…

October 19, 2020
LNG Traffic Blocked from Two Gulf Coast Waterways After Oil Rig Sinks Near Sabine Pass

LNG Traffic Blocked from Two Gulf Coast Waterways After Oil Rig Sinks Near Sabine Pass

Liquefied natural gas (LNG) vessels and other deep draft traffic are currently blocked from entering two major Gulf Coast waterways after an oil rig sank Saturday in the Sabine Bank Channel and a barge remains submerged in the Calcasieu Ship Channel. The U.S. Coast Guard (USCG) said the large semi-submersible “Jasminia” rig drifted into the…

October 19, 2020
Natural Gas Futures Stabilize as Traders Await More Clarity on Weather, LNG Demand

Natural Gas Futures Stabilize as Traders Await More Clarity on Weather, LNG Demand

Natural gas futures steady as full LNG demand recovery still unclear Weather outlook turns chillier Cash weak on lackluster demand outside eastern U.S. Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage…

October 19, 2020
Natural Gas Futures Called Lower Amid ‘Complicated’ Forecast, Unclear Outlook for Cameron LNG

Natural Gas Futures Called Lower Amid ‘Complicated’ Forecast, Unclear Outlook for Cameron LNG

As traders tried to decipher a “murky” outlook for the timing of restored export volumes out of the Gulf Coast, natural gas futures were down several cents in early trading Monday. The November Nymex contract was off 5.0 cents to $2.723/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed heavy selling in…

October 19, 2020
Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage inventories by the end of October.  With an increasingly chillier weather pattern emerging for the end of the month, the November Nymex gas…

October 16, 2020
LNG Demand Recovery, Early Cold in Focus as Natural Gas Futures Edge Higher

LNG Demand Recovery, Early Cold in Focus as Natural Gas Futures Edge Higher

Natural gas forward prices were generally higher during the Oct. 8-14 period, supported by lower production and chilly weather forecasts for some parts of the country later this month. However, the markets also faced some headwinds, namely another setback in the full recovery of Gulf Coast exports and weak demand in key Lower 48 regions.…

October 16, 2020
Tight EIA Data, Expected LNG Demand Recovery Drives Sharp Rebound for Natural Gas Futures Prices

Tight EIA Data, Expected LNG Demand Recovery Drives Sharp Rebound for Natural Gas Futures Prices

Big rebound for natural gas futures on tight EIA data, cooler weather trends Full LNG demand recovery unclear as barge still submerged in Calcasieu Ship Channel Cash rises as chilly air blankets Midwest, heads toward East Natural gas futures quickly bounced back from the prior day’s nosedive as traders were hopeful Gulf Coast exports would…

October 16, 2020
Argentina’s Fernández Launches Natural Gas Production Stimulus Plan from Vaca Muerta

Argentina’s Fernández Launches Natural Gas Production Stimulus Plan from Vaca Muerta

Argentina President Alberto Fernández unveiled the country’s long-awaited natural gas scheme on Thursday from the heart of the Vaca Muerta shale formation in Neuquén province. “We’re convinced that we are investing in Argentina for the country’s development,” Fernández said. The president spoke from the oil and gas fields at Loma Campana, considered one of the…

October 16, 2020
Balances ‘Very Tight’ as Colder Forecast Helps Propel Natural Gas Futures Early

Balances ‘Very Tight’ as Colder Forecast Helps Propel Natural Gas Futures Early

Against the backdrop of a tight supply/demand balance, a colder-trending temperature outlook for later this month helped lift natural gas futures several cents in early trading Friday. The November Nymex contract was up 5.1 cents to $2.826/MMBtu at around 8:40 a.m. ET. The latest forecast early Friday from Bespoke Weather Services shifted colder toward the…

October 16, 2020
Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism

Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism

Natural gas futures quickly bounced back from the prior day’s nosedive as traders were hopeful Gulf Coast exports would soon resume full operations after a barge sunk near a key export terminal. Buoyed further by the latest government storage data, the November futures contract jumped 13.9 cents to $2.775/MMBtu. December climbed 7.2 cents to $3.261.…

October 15, 2020
‹ Previous 1 2 3 890