natural gas prices

Though intense heat remains in the cards for the balance of summer, near-term forecasts shifted cooler over the weekend Analysts said still-strong summer temperatures should continue to drive exceptional levels of cooling demand Weak liquefied natural gas demand remains a stubborn headwind Though intense heat remains in the cards for the balance of summer, near-term…

Amid continued weakness in export demand, August natural gas futures extended their losses in early trading Tuesday even as the forecast overall remained supportively hotter than normal. The front month was down 1.7 cents to $1.722/MMBtu at around 8:45 a.m. ET. The early selling Tuesday comes after what analysts at EBW Analytics Group dubbed a…

Feed gas deliveries to U.S. LNG terminals hit a new low last week as global prices are still weighed down by a supply glut and demand for American exports remains subdued given high storage inventories in Asia and Europe.  Genscape Inc. noted that feed gas volumes fell to 2.8 Bcf on Thursday, while NGI’s export…

U.S. piped exports to Mexico hit the highest level ever reached in cross-border flows in a single gas day While cooler from earlier forecasts, the outlook for heat remains strong across most of the Lower 48 The continued spread of the coronavirus and its adverse impact on economic activity and industrial energy demand remains a…

Though forecasts eased some early Friday, expectations for continued extreme summer heat and robust cooling demand outshined a weak outlook for liquefied natural gas (LNG) and storage concerns, helping natural gas futures rebound from losses a day earlier. The August Nymex contract gained 2.6 cents day/day and settled at $1.805/MMBtu. September rose 2.6 cents to…

Intensifying heat across the United States led a sharp rally for natural gas forward prices at a time when exports remain slow and uncertainty continues over energy demand recovery amid the coronavirus pandemic. Prices for August natural gas jumped 15.0 cents on average during the July 2-8 period, as did the balance of summer (August-October),…

The U.S. Energy Information Administration reported a storage injection below expectations But skepticism about excess supply and export weakness weighed down futures Spot prices continued to advance amid robust summer heat A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and…

As the latest forecasts moderated somewhat on expected heat, and as analysts continued to mull balances following the latest government storage data, natural gas futures were trading close to even early Friday. Coming off a 4.5-cent sell-off in Thursday’s session, the August Nymex contract was up 1.5 cents to $1.794/MMBtu at around 8:40 a.m. ET.…

A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and ongoing fallout from the coronavirus pandemic. The August Nymex contract lost 4.5 cents day/day and settled at $1.779/MMBtu on Thursday. September fell 5.5 cents to $1.821. Boosted by waves of summer…