Natural gas prices faltered on Tuesday even as domestic forecasts showed robust near-term heating demand and as producers curtailed output amid freezing conditions. The February Nymex gas futures contract shed 9.8 cents day/day and settled at $3.717/MMBtu. March fell 9.6 cents to $3.582. NGI’s Spot Gas National Avg. fell 30.0 cents to $4.295 as prices…
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January Natural Gas Futures Find Further Traction, Climb a Second Day on LNG Strength
Natural gas prices see-sawed Tuesday as traders weighed modest near-term domestic heating needs against an anticipated freeze early next month and surging demand for U.S. liquefied natural gas (LNG). Ultimately, the latter factors carried the day, and the January Nymex gas futures contract advanced 3.5 cents and settled at $3.869. February gained 1.6 cents to…
Natural Gas Futures Extend Losses on Spring-Like Temperatures; Warmth Sends Cash Lower
Natural gas futures faltered again Tuesday despite a huge day/day decline in production. The losses reflected changes in the latest weather outlook, which had been colder over the weekend but then warmed in the last couple of runs. The January Nymex gas futures contract fell 4.7 cents to $3.747/MMBtu. Spot gas prices, meanwhile, came crashing…
Natural Gas Futures Eke Out Modest Increase as Cold Blast Rocks New England Cash
Natural gas futures managed a rebound from the prior day’s massive sell-off, even as the persistently warm December outlook trimmed gains from early in the session. After touching a $3.829/MMBtu intraday high, the January Nymex gas futures contract settled Tuesday at $3.708, up 5.1 cents on the day. February climbed 4.9 cents to $3.674. Spot…
Demand Pressure Prevails on Natural Gas Prices, with January Futures Falling a Second Day
Natural gas futures tumbled further on Tuesday as traders looked past robust demand for U.S. exports and fixated on exceptionally light domestic weather demand expectations heading into December. The January Nymex contract dropped 28.7 cents day/day and settled at $4.567/MMBtu. February fell 26.2 cents to $4.506. At A Glance: Forecasters call for warm December Production…
Ahead of Expiry and Amid Solid Export Demand, December Natural Gas Futures Extend Gains
Natural gas futures rallied on Wednesday for a second consecutive session ahead of December options expiration. Robust demand for U.S. exports and a government inventory report that pointed to tightening balances helped propel prices higher. At A Glance: LNG feed gas volumes hold above 11 Bcf EIA prints a 21 Bcf withdrawal from storage Spot…
December Natural Gas Futures Stage Quick Revival Amid Fresh Signs of Demand
Natural gas futures forged higher on Tuesday, recovering much of the ground lost a day earlier, as markets shifted attention to European supply woes and expectations for robust demand for U.S. exports of liquefied natural gas (LNG) through winter. The December Nymex contract climbed 17.8 cents day/day and settled at $4.967/MMBtu. January gained 17.4 cents…
Tough Winter Ahead for the LNG Market? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast for an overview of what’s moving LNG markets as colder weather settles in across the Northern Hemisphere. NGI’s Senior LNG Editor Jamison Cocklin is joined by Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, to…
Bearish Shifts in December Weather Outlook, Coronavirus Weigh on Natural Gas Futures
Natural gas futures floundered Monday as the prospect of a coronavirus resurgence and the potential for weak weather demand extending into December weighed on markets. The December Nymex contract dropped 27.6 cents day/day and settled at $4.789/MMBtu. January fell 28.4 cents to $4.861. At A Glance: Forecasts point to light weather-driven demand next month New…
With European Supplies in Doubt, Momentum Mounts for December Natural Gas Futures
Natural gas futures on Tuesday rallied with vigor amid continued strength in U.S. exports of liquefied natural gas (LNG) and renewed concerns about European supplies that sent global gas prices higher. The December Nymex contract jumped 16.0 cents day/day and settled at $5.177/MMBtu. A day earlier, the prompt month posted a 22.6-cent gain. January advanced…