natural gas prices

Natural Gas Futures Recover Early, Though Near-Term Fundamentals Said ‘Extremely Weak’

Natural Gas Futures Recover Early, Though Near-Term Fundamentals Said ‘Extremely Weak’

After losing ground in the previous session, natural gas futures clawed back a few cents in early trading Wednesday even as analysts continued to see downside risks for prices on weak near-term fundamentals. The April Nymex contract was up 2.5 cents to $2.533/MMBtu at around 8:50 a.m. ET. Forecasts early Wednesday showed a slight increase…

March 24, 2021
Natural Gas Futures Post Back-to-Back Gains; Cash Prices Climb

Natural Gas Futures Post Back-to-Back Gains; Cash Prices Climb

Futures were boosted by continued robust LNG levels European demand for U.S. exports is mounting Cash prices advanced after storms in the West Natural gas futures on Monday advanced for a second consecutive session, boosted by continued robust liquefied natural gas (LNG) levels. The April Nymex contract settled at $2.582/MMBtu, up 4.7 cents day/day. May…

March 23, 2021
Natural Gas Futures Called Lower Early as ‘Emphatically Bearish’ Weather Lends Little Support

Natural Gas Futures Called Lower Early as ‘Emphatically Bearish’ Weather Lends Little Support

Continued expectations for mild temperatures later this month into early April saw natural gas futures reverse some of their gains from the previous session in early trading Tuesday. The April Nymex contract was down 2.6 cents to $2.556/MMBtu at around 8:50 a.m. ET. Overnight changes in the weather data included a loss of 13 heating…

March 23, 2021
Mexico’s CFEi Climbs Two Spots in NGI’s 4Q2020 Natural Gas Marketer Survey

Mexico’s CFEi Climbs Two Spots in NGI’s 4Q2020 Natural Gas Marketer Survey

Mexico’s CFE Internacional (CFEi) climbed two spots quarter/quarter, to 12th from 14th, in NGI’s 4Q2020 Top North American Natural Gas Marketers rankings. CFEi is the international fuel marketing arm of Mexico’s power utility Comisión Federal de Electricidad (CFE). Through CFEi and its domestic counterpart CFEnergía, CFE has supplanted state oil company Petróleos Mexicanos (Pemex) in…

March 22, 2021
Mounting Export Demand Fuels April Natural Gas Futures

Mounting Export Demand Fuels April Natural Gas Futures

LNG volumes hovered near record levels Forecasts called for continued soft weather demand Cash prices declined as heating needs faded Natural gas futures on Friday edged higher as robust liquefied natural gas (LNG) levels and a brightening economic picture offset festering worry about weak weather-driven demand heading into the spring shoulder season. The April Nymex…

March 22, 2021
Bearish Weekend Forecast Shift Advertises Early April Warmth as Natural Gas Futures Stumble

Bearish Weekend Forecast Shift Advertises Early April Warmth as Natural Gas Futures Stumble

As forecasts over the weekend lowered heating demand expectations into early April, natural gas futures fell in early trading Monday. After picking up 5.4 cents on Friday, the April Nymex contract was down 3.1 cents to $2.504/MMBtu at around 8:50 a.m. ET. Throughout last week, the April contract “repeatedly” tested support between $2.42 and $2.48,…

March 22, 2021
April Natural Gas Futures Forge Ahead as LNG Volumes Reach Record Levels, Economy Musters Momentum

April Natural Gas Futures Forge Ahead as LNG Volumes Reach Record Levels, Economy Musters Momentum

Natural gas futures on Friday edged higher as robust liquefied natural gas (LNG) levels and a brightening economic picture offset festering worry about weak weather-driven demand heading into the spring shoulder season. The April Nymex contract climbed 5.4 cents day/day and settled at $2.535/MMBtu. May rose in tandem, gaining 5.5 cents to $2.566. It marked…

March 19, 2021
Absent Expectations for Heating Demand, April Natural Gas Futures Fall

Absent Expectations for Heating Demand, April Natural Gas Futures Fall

– EIA reported a modest withdrawal – Forecasts pointed to mild weather, weaker demand – LNG volumes held strong Natural gas futures fell further on Thursday — the 10th decline in the last 12 trading sessions — after a bearish storage report and forecasts that showed continued expectations for moderating heating demand. The April Nymex…

March 19, 2021
Natural Gas Futures Hover Near Even as Analysts Mull Third Straight Bearish EIA Print

Natural Gas Futures Hover Near Even as Analysts Mull Third Straight Bearish EIA Print

As traders and analysts considered the implications of another smaller than expected withdrawal from the latest government inventory data, natural gas futures hovered close to even in early trading Friday. The April Nymex contract was off 0.4 cents to $2.477/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a…

March 19, 2021
Mexico Natural Gas Market Eyeing Agua Dulce Forward Curves Ahead of Peak Summer Season

Mexico Natural Gas Market Eyeing Agua Dulce Forward Curves Ahead of Peak Summer Season

The recent addition of the Agua Dulce pricing location to NGI’s Forward Look offered natural gas buyers in Mexico insight into any lingering concerns related to last month’s energy crisis in Texas. Mexican market players are looking to Agua Dulce forward curves to gain further understanding of key issues in the U.S. gas market going…

March 18, 2021