natural gas production

Natural gas futures softened on Friday after surpassing the $6.500/MMBtu mark early in the trading session. With technical pressure amplified given the lack of demand response to the higher price environment, overbought conditions sent the May Nymex futures contract down 8.1 cents to $6.278. June futures fell 8.0 cents to $6.356. At A Glance: Production…

The first full week of the historically quiet shoulder season was full of fireworks for cash and futures markets alike. Record-breaking heat on the West Coast and a late-season snowstorm on the East Coast drove up spot market demand during the April 4-8 trading period, while growing concerns about supply ahead of next winter lifted…

Natural gas futures softened on Friday after surpassing the $6.500/MMBtu mark early in the trading session. With technical pressure amplified given the lack of demand response to the higher price environment, overbought conditions sent the May Nymex futures contract down 8.1 cents to $6.278. June futures fell 8.0 cents to $6.356. At A Glance: Production…

Led by a surge in rigs flooding into the Permian Basin, the U.S. rig count climbed 16 units to finish the week ended Friday (April 8) at 689, updated figures from Baker Hughes Co. (BKR) show. Oil-directed rigs increased by 13 in the United States for the week, while three natural gas-directed units were also…

Despite some hesitation early in Thursday’s trading session, natural gas futures surged higher after the latest government inventory data revealed a dramatic close to the withdrawal season. The May Nymex gas futures contract settled at $6.359/MMBtu, up 33.0 cents from Wednesday’s close. June picked up 32.9 cents to reach $6.436. Spot gas prices fizzled, led…

North American natural gas futures prices barreled through the $6.00/MMBtu ceiling this week as supply worries and soaring global natural gas demand combined to tighten the market. After significant gains on Monday and Tuesday, the May New York Mercantile Exchange futures contract settled at $6.029 on Wednesday, off three-tenths of a cent from Tuesday’s close.…

Click here to listen to the latest episode of NGI’s Hub & Flow for a review of supply/demand fundamentals affecting North American natural gas prices today and what they could mean for the market in the near future. In the podcast, NGI’s Patrick Rau, director of Strategy and Research, highlights the potential gas market shift.…

After cresting the $6.000/MMBtu mark a day earlier – and then surging to a $6.394 intraday peak – natural gas futures ran out of steam Wednesday. Although there were plenty of factors for bulls to hang their hats on, technical momentum was zapped late in the session. The May Nymex gas futures contract settled at…

Supply adequacy fears amid continued signs of underwhelming domestic output, amplified by ongoing geopolitical anxieties, helped natural gas bulls confidently rally futures above the psychological $6.00 threshold Tuesday. Cash prices followed futures higher, with the NGI Spot Gas National Avg. advancing 30.5 cents on the day to finish at $5.785/MMBtu. May Nymex futures soared 32.0…