Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. At A Glance: Futures pare early gains Weather modestly supportive Cash markets up on cooldown The April Nymex natural gas…
Tag / natural gas storage
Subscribenatural gas storage
Articles from natural gas storage
Cooler Weather Outlook Bolsters Natural Gas Futures; Cash Rallies — MidDay Market Snapshot
Natural gas futures pull back from early highs but still in positive territory as weather models seen cooler over weekend April Nymex contract trading at $1.713/MMBtu as of 2:10 p.m. ET, up 5.8 cents “Changes over the weekend were colder, particularly for the Plains and Midwest” throughout 15-day projection period, according to Maxar meteorologist Brad…
Colder Forecast, Tighter Balances Lift Natural Gas Futures in Early Trading
Supportive weekend weather trends, against a backdrop of tightening underlying fundamentals, helped natural gas futures rebound in early trading Monday. After plunging 8.6 cents in Friday’s session, the April Nymex contract was up 8.8 cents to $1.743/MMBtu as of 8:35 a.m. ET. The American Global Forecast System model added 20 heating degree days (HDD) over…
Weekly Natural Gas Cash Prices Knocked Down by Early Spring Weather
Weekly natural gas cash prices fell during the week to their lowest levels in years, undercut by the early onset of weak spring-like seasonal demand and continued delays in the restart of Freeport LNG’s third train. NGI’s Weekly Spot Gas National Avg. for the March 11-15 trading period fell 24.5 cents/MMBtu to $1.225 as some…
Natural Gas Futures Drop as Freeport LNG’s Rolling Outages Stymie Demand; Cash Extends Gains
Natural gas futures fell Friday, tripped up by warmer forecasts for late March and additional work at the Freeport LNG terminal that could offset volume gains from a restart of its third train. At A Glance: Production at 100.8 Bcf/d National Avg. gains for second day Freeport LNG inspections offset restart The April Nymex contract…
Speculation Over Freeport LNG Repairs Sinks Natural Gas Futures — MidDay Market Snapshot
Natural gas futures dropped sharply midday amid speculation over potential repairs at Freeport LNG terminal April Nymex contract climbed to near $1.720/MMBtu before sell-off kicked in around 12:40 p.m. ET Front month off 8.6 cents to $1.655 as of 2:28 p.m. ET Per Bloomberg report: Freeport Train 3 restarting, but repairs expected for liquefied natural…
Supply Glut, Massive Storage Surplus Whack West Texas Natural Gas Spot Prices
Strong Permian Basin production of oil and, by extension, associated gas continues to propel supplies in West Texas and depress prices in the region. Natural gas production nationally reached record levels around 107 Bcf/d early this year, according to Wood Mackenzie estimates. But leading exploration and production (E&P) companies, including Chesapeake Energy Corp. and EQT…
Storage Print Beat, Possible Freeport LNG Restart Boost Natural Gas Futures
Natural gas futures found fresh footing Thursday, supported by a weekly storage report that slightly beat estimates and signs that the Freeport LNG export terminal may be preparing to restart its third train. At A Glance: Production falls to 100.8 Bcf/d Freeport power use hints at restart National Avg. rises 1.0 cent $1.145 The April…
Natural Gas Futures Steady Early on Potential Freeport Restart, Supportive Storage
With the market anticipating a bump in export demand, natural gas futures held on to the previous session’s gains in early trading Friday. The April Nymex contract was up 0.7 cents to $1.748/MMBtu at around 8:30 a.m. ET. Indications of an imminent return to service for Freeport LNG’s Train 3, offline since January, helped fuel…
April Natural Gas Futures Gain After Storage Print Exceeds Estimates
The U.S. Energy Information Administration (EIA) on Thursday reported a natural gas withdrawal from storage of 9 Bcf for the week ended March 8, which exceeded expectations and sent futures higher. Ahead of the 10:30 a.m. ET government report, April Nymex futures were trading 2.6 cents higher day/day at $1.684/MMBtu. After the data was released,…