natural gas production

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…

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…

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…

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…

Natural gas futures seesawed in and out of the green on Friday as traders weighed soaring global prices and the specter of light supplies for the coming winter against relatively benign near-term weather patterns. The September Nymex gas futures contract ultimately settled at $9.296/MMBtu, down 7.9 cents day/day. October shed 7.5 cents and closed at…

Natural gas futures seesawed in and out of the green on Friday as traders weighed soaring global prices and the specter of light supplies for the coming winter against relatively benign near-term weather patterns. The September Nymex gas futures contract ultimately settled at $9.296/MMBtu, down 7.9 cents day/day. October shed 7.5 cents and closed at…

The U.S. natural gas rig count fell one unit to 158 for the week ended Friday (Aug. 26), while a round of gains in the oil patch lifted the combined domestic drilling tally three units higher to 765, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Week/week changes domestically included…

Natural gas futures were unusually quiet on Thursday, bobbing in and out of positive territory as the latest government inventory data offered no surprises and moved the needle only slightly on storage deficits. The September Nymex gas futures settled at $9.375/MMBtu, up 4.5 cents from Wednesday’s close. October futures ticked up 4.4 cents to $9.344.…

Natural gas prices are set to remain strong for September baseload gas amid domestic supply concerns and surging global prices ahead of the peak winter season, NGI’s Bidweek Alert (BWA) data showed. The majority of U.S. locations escaped wild swings month/month, but the hikes to already elevated prices are noteworthy given moderating weather across much…