natural gas prices

U.S. Rail Strike Possibility Leads to Huge Swings in Natural Gas Prices – Mexico Spotlight

U.S. Rail Strike Possibility Leads to Huge Swings in Natural Gas Prices – Mexico Spotlight

The October Nymex natural gas futures contract spiked 83.0 cents day/day on Wednesday to surge above $9.00/MMBtu. It then plummeted back to earth on Thursday as rumors of a potential railway workers strike faded in the United States. The news “that a strike has likely been averted triggered the start of selling early this morning,…

September 15, 2022
Natural Gas Prices Surge Wednesday Across Futures, Cash Markets

Natural Gas Prices Surge Wednesday Across Futures, Cash Markets

Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167. At A Glance: BREAKING: U.S.…

September 15, 2022
Fading Threat of Railroad Strike Seen Driving Early Natural Gas Sell-Off

Fading Threat of Railroad Strike Seen Driving Early Natural Gas Sell-Off

Natural gas futures reversed sharply lower early Thursday as reports of a tentative labor agreement removed the looming threat of major rail system disruptions. After jumping 83.0 cents higher in the previous session, the October Nymex contract was off 55.5 cents to $8.559/MMBtu at around 8:50 a.m. ET. The steep sell-off came amid reports early…

September 15, 2022
Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167. At A Glance: Demand drivers…

September 14, 2022
‘Bullish Supply, Bearish Price’ Signals Seen for U.S. Natural Gas, Though Volatility Still Likely

‘Bullish Supply, Bearish Price’ Signals Seen for U.S. Natural Gas, Though Volatility Still Likely

Despite multiple bearish indicators heading into winter, it doesn’t take much these days for U.S. natural gas prices to swing sharply upward, experts said Monday. Rising domestic production and expected milder than average temperatures across much of the Lower 48 should help keep prices in check over the coming months, even with storage levels currently…

September 14, 2022
European Commission Wants to Slash Power Consumption, Cap Revenues to Tame Energy Prices

European Commission Wants to Slash Power Consumption, Cap Revenues to Tame Energy Prices

European Commission President Ursula von der Leyen on Wednesday pledged “deep and comprehensive reform” of the European Union (EU) electricity market and promised to continue exploring ways to bring down natural gas prices.  The EU is being “tested” not only with Russia’s war on Ukraine, but “a war on our energy. It is a war…

September 14, 2022
October Natural Gas Futures Post Fourth Consecutive Gain

October Natural Gas Futures Post Fourth Consecutive Gain

Natural gas futures on Tuesday forged ahead a fourth-consecutive session as near-term weather conditions took a bullish turn and domestic production declined amid maintenance events. Festering fears about European supply woes added upward price pressure. Coming off a 25.3-cent rally on Monday – and gains over the two prior sessions last week — the October…

September 14, 2022
Natural Gas Futures Extend Rally Early as Forecasts Maintain Late-Season Heat

Natural Gas Futures Extend Rally Early as Forecasts Maintain Late-Season Heat

With the market left to contemplate lingering cooling demand and stubborn storage deficits, natural gas futures continued to push higher in early trading Wednesday. The October Nymex contract was up 29.3 cents to $8.577/MMBtu at around 8:45 a.m. ET. The weather outlook underwent only small adjustments based on the overnight data, continuing to show widespread…

September 14, 2022
Natural Gas Futures Post Another Gain Amid Precarious Storage Situation

Natural Gas Futures Post Another Gain Amid Precarious Storage Situation

Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…

September 13, 2022
Natural Gas Futures Continue Higher Amid Late-Season Heat, Production Dip

Natural Gas Futures Continue Higher Amid Late-Season Heat, Production Dip

With updated estimates showing a dip in production, and with forecasts signaling stronger late-season cooling demand, natural gas futures extended their recent gains in early trading Tuesday. Coming off a 25.3-cent rally in Monday’s session, the October Nymex contract was up 7.8 cents to $8.327/MMBtu at around 8:50 a.m. ET. After probing as low as…

September 13, 2022