natural gas prices

Natural gas futures advanced further in early trading Tuesday as mounting evidence of production weakness offered encouragement for bulls. The May Nymex contract was up 3.7 cents to $1.881/MMBtu at around 8:40 a.m. ET. June was trading at $2.077, up 2.6 cents. Domestic production fell to 97.7 Bcf/d in Wood Mackenzie’s latest estimates early Tuesday,…

Amid mild springtime weather-driven demand and steady readings for production and exports, natural gas futures hovered close to even in early trading Monday. The May Nymex contract was up 0.7 cents to $1.792/MMBtu as of 8:30 a.m. ET. June was trading at $2.013, up 0.3 cents. EBW Analytics Group analyst Eli Rubin told clients early…

Weekly natural gas cash prices gained ground overall amid a rash of chilly northern temperatures, but pockets of weakness, particularly in West Texas, tempered the advance. NGI’s Weekly Spot Gas National Avg. for the April 1-5 period rose 16.0 cents to $1.460/MMBtu. As the trading week culminated, leading gainers included Michigan Consolidated, up 25.0 cents…

Natural gas futures found fresh footing on Friday, supported by expectations for an ongoing production pullback as well as economic vigor that continues to support industrial energy demand. At A Glance: Output holds under 100 Bcf/d Inventory surplus narrows  Weather forecast favors bears The May Nymex gas futures contract gained 1.1 cents day/day and settled…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Every Mexican summer, natural gas imports from the United States peak. The aggregate figure reflects impressive growth in the last decade. If…

Natural gas futures clawed back some of their recent losses through midday trading Friday as the market continued to mull a mix of fundamental factors, including restrained production, mild weather and plump inventories. Meanwhile, little buying interest for weekend and Monday delivery had cash prices falling hard. Here’s the latest: May Nymex futures at $1.804/MMBtu…

Natural gas futures fell for a second straight session on Thursday, dragged lower by forecasts for benign weather and government inventory data that showed stout supplies in storage. At A Glance: EIA prints 37 Bcf withdrawal Outlook shifts to injections Weather demand softens Coming off a 2.1-cent loss the prior day, the May Nymex gas…

ExxonMobil profits for the first three months of this year are expected to dip sharply year/year and be down sequentially in part because of weak natural gas and oil prices, the integrated major said. Shell plc also has revised its expectations.  In a Securities and Exchange Commission Form 8-K filing, ExxonMobil noted that commodity prices…

Natural gas futures held steady at the front of the curve in early trading Friday as mild shoulder season weather and a somewhat looser-than-expected close to withdrawal season kept the pressure on prices. At around 8:45 a.m. ET, the May Nymex contract was close to unchanged at $1.773/MMBtu. The front month sold off 6.7 cents…