Natural gas prices on Friday forged ahead for the third time in four days, buoyed by global supply fears imposed by Russia’s invasion of Ukraine, surging European prices and the related prospect of a protracted period of record demand for U.S. liquefied natural gas (LNG). The April Nymex gas futures contract spiked 29.4 cents day/day…
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Russia-Ukraine War Spawns Supply Worries, Sends Natural Gas Futures Above $5.00
Natural gas prices on Friday forged ahead for the third time in four days, buoyed by global supply fears imposed by Russia’s invasion of Ukraine, surging European prices and the related prospect of a protracted period of record demand for U.S. liquefied natural gas (LNG). At A Glance: Russia continued its assault on Ukraine Markets…
April Natural Gas Futures Falter First in Three Sessions
Natural gas prices hovered in a narrow range of modest losses and gains much of Thursday before ultimately finishing in negative territory for the first time in three sessions, as markets assessed the evolving Russia-Ukraine war and a triple-digit storage withdrawal. The April Nymex gas futures contract settled at $4.722/MMBtu, down 4.0 cents day/day. May…
Pipeline Imports of U.S. Natural Gas Unhindered Amid Russia-Ukraine Panic – Mexico Spotlight
This week was a manic time in natural gas markets globally, and Mexico was not without its share of drama. Last Friday, Mexico’s Cenagas declared a rare critical alert on the Sistrangas national pipeline system, which meant some users would see natural gas restrictions. The alert was related to problems at a gas processing center…
April Natural Gas Futures Extend Rally on Russia-Ukraine War Worries
Natural gas futures on Wednesday posted a double-digit advance for a second consecutive session as Russia forged ahead with its invasion of Ukraine, intensifying concerns of an energy crisis and fueling a rally in commodity prices. The April Nymex gas futures contract climbed 18.9 cents day/day and settled at $4.762/MMBtu. The prompt month rose 17…
Russia-Ukraine Conflict Drives U.S. Export Demand Expectations, Fuels Natural Gas Futures
Natural gas prices bounced back Tuesday amid potential for even stronger demand for U.S. exports of liquefied natural gas (LNG) against the backdrop of Russia’s invasion of Ukraine and the specter of European supply disruptions as the war raged into a seventh day. The April Nymex gas futures contract settled at $4.573, up 17.1 cents…
April Natural Gas Slips to $4.40 on Softer Demand, but War’s Impacts Causing Concern; Cash Down
Natural gas futures prices fell on Monday as weather gained the upper hand early in the trading session despite intensifying concerns regarding the Russia-Ukraine conflict. After reaching a $4.683/MMBtu intraday high, the April Nymex futures contract settled 6.8 cents lower at $4.402. May futures slipped 6.5 cents to $4.420. At A Glance: Milder weather sends…
Spring’s Imminent Arrival Sinks April Natural Gas Futures Friday; Spot Gas Slides
April natural gas futures plummeted Friday as temperatures are expected to moderate in the coming days after the latest freeze across the county. On its first day at the front of the Nymex strip, the April futures contract settled at $4.470/MMBtu, off 9.8 cents on the day. May slipped to $4.485. At A Glance: Global…
April Natural Gas Futures Debut with Thud on Warming Forecast, Returning Output
April natural gas futures plummeted Friday as temperatures are expected to moderate in the coming days after the latest freeze across the county. On its first day at the front of the Nymex strip, the April futures contract settled at $4.470/MMBtu, off 17.1 cents on the day. May slipped to $4.485. At A Glance: Global…
After Volatile Session on Ukrainian Crisis, March Futures Expire Lower as Spring Nears
Ignited by Russia’s invasion of Ukraine, natural gas futures climbed within striking distance of $5.000/MMBtu early in Thursday’s session. Traders struggled, however, in weighing the global implications of war with more bearish domestic factors, and volatility ensued in the last half hour of trading. The March Nymex contract ultimately expired at $4.568, down 5.5 cents…