Natural gas futures retreated on Friday after a two-day rally, as markets digested warmer weather patterns and new coronavirus red flags that may signal looming pandemic impacts on global energy demand. The April Nymex gas futures contract settled at $4.863/MMBtu, down 12.7 cents day/day. May fell 11.9 cents to $4.902. At A Glance: Futures fall…
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Articles from natural gas production
April Natural Gas Futures Rally a Second Day After Bullish Storage Print
Natural gas futures rallied a second day, as traders absorbed a bullish government inventory report and the potential for vulnerable global supplies should the war in Ukraine drag on and the coming summer prove exceptionally hot. The April Nymex gas futures contract jumped 24.2 cents day/day and settled at $4.990/MMBtu. May gained 23.7 cents to…
Natural Gas Pipeline Imports Steady as U.S. LNG Output Roars – Mexico Spotlight
War continues to rage in Ukraine, with sanctions on Russia squeezing international energy markets, but natural gas prices in Mexico lost ground week/week and imports of the fuel from the United States held steady. The United States continues to send out record levels of liquefied natural gas (LNG), and this week its Department of Energy…
With Inventories Falling, April Natural Gas Futures Rebound
Natural gas futures advanced Wednesday, rebounding from a two-day slump, as hints of late-March cold and lingering global supply issues caught traders’ attention. The April Nymex gas futures contract climbed 18.0 cents day/day and settled at $4.748. May rose 16.7 cents to $4.784. NGI’s Spot Gas National Avg. ticked up 9.0 cents to $4.165. Weather…
Warm Temperatures Drive April Natural Gas Futures Lower
Natural gas futures dived lower for a second straight session on Tuesday amid warmer weather patterns and the potential for storage injections over the coming weeks. The April Nymex gas futures contract settled at $4.568/MMBtu, down 9.0 cents day/day. May fell 8.5 cents to $4.617. NGI’s Spot Gas National Avg. shed 17.0 cents to $4.075…
Lower 48 Natural Gas Production to Trend Upward in April, Says EIA
Led by incremental growth in the Appalachian Basin, major Lower 48 drilling regions are set to raise natural gas output by more than 500,000 MMcf/d in April, according to updated modeling from the Energy Information Administration (EIA). Total natural gas production from seven key U.S. regions will grow by 594 MMcf/d month/month to reach an…
Natural Gas Futures, Cash Prices Skid Lower Amid Diminished Demand Expectations
Natural gas prices stumbled on Monday as weather forecasts continued to show mild conditions through late March, likely pushing the domestic market comfortably beyond the peak heating season. The April Nymex gas futures contract shed 6.7 cents day/day and settled at $4.658. May lost 6.4 cents to $4.702. NGI’s Spot Gas National Avg. dropped 56.0…
Brazil Natural Gas Market Said Ready for Growth Following Reforms
Market-friendly reforms and rising output from the offshore pre-salt region have laid the groundwork for Brazil’s natural gas market to grow, a panel of experts agreed at CERAweek in Houston. President Jair Bolsonaro last year signed a highly anticipated natural gas law aimed at opening up access to the pipeline network and promoting competition in…
As Production Tapers, Natural Gas Futures Rally to End Week
Natural gas futures forged higher on Friday as production dropped amid blasts of late-winter cold, marking a second consecutive day of gains but not enough to offset losses earlier in the week. The April Nymex gas futures contract gained 9.4 cents day/day and settled at $4.725/MMBtu. May rose 9.7 cents to $4.766. The prompt month…
Natural Gas Futures Advance Amid U.S. Production Drop, Global Supply Uncertainty
Natural gas futures forged higher on Friday as production dropped amid blasts of late-winter cold, marking a second consecutive day of gains but not enough to offset losses earlier in the week. The April Nymex gas futures contract gained 9.4 cents day/day and settled at $4.725/MMBtu. May rose 9.7 cents to $4.766. At A Glance:…