As traders continued to read the tea leaves on winter supply dynamics both at home and abroad, a combination of fading weather-driven demand and strong production saw natural gas futures tumble in the market’s return from the Labor Day holiday. Extending a 47.6-cent sell-off leading into Labor Day Weekend, the October Nymex contract plunged another…
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Articles from natural gas production
EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P
Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…
Improved Supply Picture, Cooler Outlook Drags Natural Gas Futures, Cash Lower
It was a bloodbath in the natural gas market at the close of the week, with production figures showing only a modest dip day/day and holding near highs. With the most intense heat throughout the first half of the month relegated out West, the October Nymex gas futures contract plunged 47.6 cents Friday to settle…
Natural Gas Futures Collapse on Stronger Production, Storage Optimism; Cash Slides
It was a bloodbath in the natural gas market at the close of the week, with production figures showing only a modest dip day/day and holding near highs. With the most intense heat throughout the first half of the month relegated out West, the October Nymex gas futures contract plunged 47.6 cents Friday to settle…
Bearish Storage Data Ignored in Latest Gain for Natural Gas Futures; Cash Rallies Too
After falling within pennies of the $9 mark early Thursday, bulls paraded in and delivered a swift kick to natural gas futures prices. Storage data confirming looser balances sapped momentum only briefly, with the October Nymex gas futures contract settling at $9.262/MMBtu, up 13.5 cents on the day. November futures picked up 14.1 cents to…
North American Natural Gas Futures Stubbornly Above $9 as Shoulder Season Kicks Off — Mexico Spotlight
North American natural gas futures were up and down this week as the prompt month changed hands, but remained above the $9/MMBtu mark. On Wednesday, the October Nymex gas futures contract rose 8.5 cents day/day to settle at $9.127. November futures climbed 8.6 cents to $9.189. “The market has certainly been very resilient, with any…
Natural Gas Futures Recover Despite Forecasts for Above-Average Storage Injection
Natural gas futures were lower early Wednesday, dragged down by softening global gas prices and production near recent highs. Bulls bought the dip and eventually garnered enough momentum to stage a recovery. After touching a $9.284/MMBtu intraday high, the October Nymex gas futures contract ultimately settled 8.5 cents higher day/day at $9.127. November futures climbed…
Lack of Natural Gas Storage Said Major Threat to Mexico Energy Security
Mexico urgently needs to develop the fortitude of its natural gas industry, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO. According to their research, Mexico natural gas demand grew 63% in the last decade and a half, hitting 8.27 Bcf/d last year. Starting in 2020, natural…
October Natural Gas Slides on Moderating Weather, but Heat Continues Baking West
Bears gained the upper hand Tuesday as October took over the prompt position along the Nymex futures curve, with prices down sharply early in the session. With cooler weather on the horizon and an ongoing outage at a key LNG export terminal seen improving balances, the October Nymex contract settled 29.4 cents lower day/day at…
Higher Finish for Expiring September Natural Gas Futures; Heat Fuels Huge Cash Gains in California
After an early dip into the red, natural gas futures swung higher Monday as weather models continued to show bursts of heat over the next couple of weeks. Volatility remained front and center, however, with big gains nearly erased by the close of the session. As the dust settled, the September Nymex gas futures contract…