natural gas prices

Natural Gas Futures Lose Steam Amid Mixed Demand Outlook; Spot Prices Slump

Natural Gas Futures Lose Steam Amid Mixed Demand Outlook; Spot Prices Slump

Natural gas futures rallied through most of the week but gave up ground to close out trading Friday after forecasts shed some heat intensity for mid-June and calls for LNG remained relatively light. The July Nymex gas futures contract shed 9.8 cents day/day and settled at $2.254/MMBtu. August fell 10.3 cents to $2.331. At A…

June 9, 2023
Winning Ways For July Natural Gas Futures Pressured

Winning Ways For July Natural Gas Futures Pressured

Following four daily gains on the back of lighter production and forecasts for mounting demand, natural gas futures stalled early on Thursday, held in check by a triple-digit storage injection that reminded the market remains long on supplies. Still, traders eventually looked past the government data and toward looming summer cooling demand, lifting the prompt…

June 9, 2023
ICE Sees Another Record Month for TTF Natural Gas Trading

ICE Sees Another Record Month for TTF Natural Gas Trading

May was a record month for trading Dutch Title Transfer Facility (TTF) futures and options on the Intercontinental Exchange as the European natural gas market remains unpredictable and participants continue to try to manage price risk exposure.  ICE said 5.7 million TTF futures and options traded during May. Liquidity in the European benchmark has grown…

June 9, 2023
Cooler Overnight Forecast Trends Pressure Natural Gas Futures Lower Early

Cooler Overnight Forecast Trends Pressure Natural Gas Futures Lower Early

Natural gas futures were down sharply in early trading Friday as overnight forecasts cooled the outlook for mid-June temperatures. The July Nymex contract was down 7.2 cents to $2.280/MMBtu at around 8:40 a.m. ET. Weather models trended cooler overnight, particularly for the June 15-17 period, according to NatGasWeather. The American model dropped a “hefty” 11…

June 9, 2023
Traders Look Beyond Plump Storage Builds to June Heat as Natural Gas Futures Extend Gains

Traders Look Beyond Plump Storage Builds to June Heat as Natural Gas Futures Extend Gains

As traders weighed a series of potential surplus-padding storage injections against the prospect of tighter balances ahead on hotter temperatures later this month, natural gas futures climbed modestly early Thursday. The July Nymex contract was up 3.3 cents to $2.362/MMBtu at around 8:40 a.m. ET. Estimates ahead of the latest weekly Energy Information Administration (EIA)…

June 8, 2023
Natural Gas Futures Forge Ahead Amid Production Hits, Forecasts for Heat; Spot Prices Rise

Natural Gas Futures Forge Ahead Amid Production Hits, Forecasts for Heat; Spot Prices Rise

Natural gas futures rallied for a fourth straight session on Wednesday, supported by waning production and forecasts for intensifying heat in the second half of this month. The July Nymex gas futures contract gained 6.7 cents day/day and closed at $2.329/MMBtu. August rose 5.2 cents to $2.433. At A Glance: Market sees triple-digit injection Projects…

June 7, 2023
Natural Gas Futures Extend Gains Early as Traders Eye June Heat

Natural Gas Futures Extend Gains Early as Traders Eye June Heat

As traders continued to eye a strengthening cooling demand outlook heading into the second half of June, natural gas futures extended their recent gains in early trading Wednesday. Building on positive finishes in the previous three sessions, the July Nymex contract was up another 6.0 cents to $2.322/MMBtu at around 8:45 a.m. ET. The market…

June 7, 2023
July Natural Gas Futures, Spot Prices Mount Rally as Stronger Cooling Demand Approaches

July Natural Gas Futures, Spot Prices Mount Rally as Stronger Cooling Demand Approaches

Natural gas futures rallied on Monday as production slipped, expectations for strong cooling demand increased and a cut to global oil supplies created potential support for LNG prices. Coming off a 1.4-cent gain Friday, the July Nymex gas futures contract gained 7.3 cents day/day and settled at $2.245/MMBtu to start the new trading week. August…

June 6, 2023
Models Back Off on Mid-June Heat as Natural Gas Futures Fall Early

Models Back Off on Mid-June Heat as Natural Gas Futures Fall Early

As cooler overnight forecast trends sapped the momentum from an early-week rally, natural gas futures were down in morning trading Tuesday. After rallying 7.3 cents in the previous session, the July Nymex contract was off 5.9 cents to $2.186/MMBtu at around 8:40 a.m. ET. After trending hotter over the weekend, weather models reversed cooler overnight,…

June 6, 2023
Natural Gas Futures Rally Early as Models Show Hotter Southern U.S. by Mid-June

Natural Gas Futures Rally Early as Models Show Hotter Southern U.S. by Mid-June

With weather models trending hotter over the weekend to strengthen the cooling demand outlook for the second half of June, natural gas futures surged in early trading Monday. The July Nymex contract was up 12.6 cents to $2.298/MMBtu at around 8:40 a.m. ET. Lackluster cooling demand to open the month has left the market impatient…

June 5, 2023
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