natural gas prices

Natural Gas, Oil Industry Profits Forecast to Retreat in 2023 on Slower Demand, Economic Pull Back

Natural Gas, Oil Industry Profits Forecast to Retreat in 2023 on Slower Demand, Economic Pull Back

Global energy company earnings, which surged on stronger oil and natural gas prices, should ease in 2023 as the industry adjusts to slower demand growth and an economic slowdown, according to Moody’s Investors Service. “The pace of improvement in fundamental industry conditions will also decelerate after a strong post-lockdown rebound in earnings and credit quality…

September 21, 2022
North American Natural Gas Marketers Report Increased Volumes in 2Q2022 Amid Bullish Demand Outlook 

North American Natural Gas Marketers Report Increased Volumes in 2Q2022 Amid Bullish Demand Outlook 

Top North American natural gas marketers reported stronger overall sales volumes for the second quarter as production gathered momentum in response to strong consumption and prices. A multitude of enduring demand drivers could fuel momentum through this year and into next, marketers and traders say. The 24 gas marketers included in the latest NGI Top…

September 21, 2022
October Natural Gas Futures Extend Losing Streak; Cash Prices Called Lower

October Natural Gas Futures Extend Losing Streak; Cash Prices Called Lower

Natural gas futures gave up more ground Tuesday despite a bout of near-term heat and a drop in production, extending to four days a string of consecutive losses. The October Nymex gas futures contract shed 3.5 cents day/day and settled at $7.717/MMBtu. November fell 3.2 cents to $7.772. NGI’s Spot Gas National Avg. on Tuesday…

September 21, 2022
As Russia Signals Escalation in War Effort, Natural Gas Futures Rally Early

As Russia Signals Escalation in War Effort, Natural Gas Futures Rally Early

Against a backdrop of broader energy market anxieties over a potential escalation in the conflict in Ukraine, natural gas futures rallied in early trading Wednesday. The October Nymex contract was up 23.0 cents to $7.947/MMBtu as of around 8:45 a.m. ET. West Texas Intermediate front month crude oil futures were trading $1.02 higher at $84.96/bbl.…

September 21, 2022
Natural Gas Futures, Cash Prices Trade Sideways Amid Strong Demand

Natural Gas Futures, Cash Prices Trade Sideways Amid Strong Demand

Coming off a 56.0-cent sell-off to close out last week’s trading, natural gas futures on Monday shrugged off recent bearish developments and reversed course, trading in positive territory most of the day. Still, futures lost momentum late, despite seasonally stout cooling demand forecast for this week, and the October Nymex gas futures contract settled at…

September 20, 2022
Natural Gas Futures Called Slightly Higher as Estimates Show Production Dip

Natural Gas Futures Called Slightly Higher as Estimates Show Production Dip

With downward momentum appearing to slow in the previous session, natural gas futures were trading close to even early Tuesday, bolstered somewhat by a temporary dip in production volumes. The October Nymex contract was up 2.1 cents to $7.773/MMBtu as of around 8:40 a.m. ET. The front month dipped as low as $7.404 in Monday’s…

September 20, 2022
Natural Gas Futures, Spot Prices Nosedive as Production Holds Strong 

Natural Gas Futures, Spot Prices Nosedive as Production Holds Strong 

Natural gas futures floundered a second consecutive day on Friday as markets continued to digest a bearish storage report, looming fall weather and an averted railroad strike that could have snarled supply chains and wreaked havoc across the U.S. economy. The October Nymex natural gas futures contract settled at $7.764/MMBtu, down 56.0 cents day/day. A…

September 19, 2022
Natural Gas Futures Fall Further as Market Braces for Potential Triple-Digit Storage Injection

Natural Gas Futures Fall Further as Market Braces for Potential Triple-Digit Storage Injection

Natural gas futures floundered a second consecutive day on Friday as markets continued to digest a bearish storage report, looming fall weather and an averted railroad strike that could have snarled supply chains and wreaked havoc across the U.S. economy. The October Nymex natural gas futures contract settled at $7.764/MMBtu, down 56.0 cents day/day. A…

September 16, 2022
Natural Gas Futures, Cash Prices Nosedive to End Win Streak

Natural Gas Futures, Cash Prices Nosedive to End Win Streak

Natural gas futures snapped a five-day rally and plunged in Thursday trading. The October Nymex gas futures contract fell 79.0 cents day/day and settled at $8.324/MMBtu after officials said a railway strike had been avoided and the latest government inventory report proved bearish. The prompt month had jumped 83.0 cents on Wednesday, the biggest gain…

September 16, 2022
Natural Gas Futures Extend Losses Early Following Looser Storage Print, Averted Railroad Strike

Natural Gas Futures Extend Losses Early Following Looser Storage Print, Averted Railroad Strike

With traders still mulling the implications of a larger-than-expected storage print, and with the market continuing to recalibrate following recent reports of a deal to avert a railroad strike, natural gas futures extended their losses in early trading Friday. The October Nymex contract was down 16.0 cents to $8.164/MMBtu at around 8:45 a.m. ET. The…

September 16, 2022