natural gas production

After a sharper nosedive early Tuesday, natural gas futures recovered most ground and finished the day less than 15 cents lower than Friday’s close. Weather models drove the morning losses while technicals fueled the rebound, ultimately leaving the July Nymex futures contract 13.6 cents lower at $6.808/MMBtu. August futures fell 12.3 cents to $6.783. Spot…

With the market still pricing in the balance impacts of a prolonged outage at the Freeport liquefied natural gas (LNG) terminal, traders shrugged off warmer forecast trends to send futures lower in early trading Wednesday.  The July Nymex contract was off 17.3 cents to $6.635/MMBtu as of around 8:55 a.m. ET. Both the American and…

Weekly cash prices gave up ground despite modest production and robust cooling demand across much of the Lower 48 that fueled several daily gains. NGI’s Weekly Spot Gas National Avg. for the June 13-17 period declined 94.5 cents to $7.565, dragged lower by an outsized loss on Tuesday tied to broader natural gas market sentiment…

Natural gas futures fell for the first time in three sessions on Friday, finishing an exceptionally volatile week on a sour note. The July Nymex gas futures contract shed 52.0 cents and settled at $6.944/MMBtu. August fell 53.2 cents to $6.906. At A Glance: Freeport wildcard looms Global supply woes fester Summer demand sizzles NGI’s…

Natural gas futures, which plummeted more than $1.40 early in the week, rallied for a second day on Thursday. Mounting global demand began to overshadow an expected boost to domestic supplies following a fire at a liquefied natural gas (LNG) terminal on Quintana Island, TX, last week. The July Nymex gas futures contract settled at…

Global natural gas prices embarked on a juddery ride this week on news that the Freeport liquefied natural gas (LNG) export plant in Texas would be shut for months. Initially, New York Mercantile Exchange July prices tumbled $1.40 toward $7/MMBtu as 2 Bcf/d would now be available to the market. However, prices have since rallied…

Following one of the biggest plunges in the history of natural gas trading, futures rebounded on Wednesday as traders digested the impact of a major export outage against a broader backdrop of robust global demand. At A Glance: BREAKING: U.S. EIA reports injection of 92 Bcf into storage Europe’s thirst of U.S. LNG holds strong…

Top North American natural gas marketers collectively boosted sales volumes in 1Q2022, gaining ground amid robust domestic activity and an acceleration of global demand for exports of liquefied natural gas (LNG), according to NGI’s quarterly tally. The 24 companies included in the latest NGI Top North American Natural Gas Marketers rankings* reported combined sales transactions…

Natural gas futures plummeted Tuesday on news of a major long-term hit to U.S. export capacity. After an explosion and fire at its liquefied natural gas (LNG) facility in Texas, Freeport LNG said Tuesday repair work would take several months. It is now targeting late 2022 for a return to full service. The announcement dashed…