natural gas storage

U.S. Energy Secretary Headed To Mexico Amid Tensions Over Proposed Electricity Reform

U.S. Energy Secretary Headed To Mexico Amid Tensions Over Proposed Electricity Reform

Mexican President Andrés Manuel López Obrador said during his daily press conference early Monday he planned to discuss his proposed constitutional electric power reform with U.S. Energy Secretary Jennifer Granholm during a scheduled trip to Mexico City this week. The dates Granholm was expected to be in the country had not been confirmed late Tuesday.…

January 18, 2022
February Natural Gas Futures Trade Sideways Amid Mixed Outlook

February Natural Gas Futures Trade Sideways Amid Mixed Outlook

After forecasts, still offering plenty of frigid January temperatures, saw no major changes over the long weekend, natural gas futures traded slightly higher early Tuesday. The February Nymex contract was up 4.2 cents to $4.304/MMBtu at around 8:55 a.m. ET. At A Glance: Cold front looms but may not last into February Further freeze-offs could…

January 18, 2022
Weekly Natural Gas Cash Prices Ride Wave of Wintry Weather to 2022 High

Weekly Natural Gas Cash Prices Ride Wave of Wintry Weather to 2022 High

Weekly natural gas cash prices extended a January rally ahead of the holiday weekend, buoyed by bouts of freezing weather, robust heating demand and winter-induced production curtailments. NGI’s Weekly Spot Gas National Avg. for the Jan. 10-14 period advanced 78.5 cents to $5.950. A week earlier, the average soared $1.180. Hubs throughout the Midwest and…

January 14, 2022
February Natural Gas Futures Tick Lower Despite LNG Momentum, Production Risks

February Natural Gas Futures Tick Lower Despite LNG Momentum, Production Risks

Natural gas futures trended lower early Friday amid hints of long-range warmth but ultimately finished nearly flat as cash markets and export demand held strong. The February Nymex gas futures contract settled at $4.262/MMBtu, down eight-tenths of a cent day/day. March, however, gained 7.6 cents to $4.081. At A Glance: Cold front looms but may…

January 14, 2022
Furious February Natural Gas Futures Rally Finally Fizzles

Furious February Natural Gas Futures Rally Finally Fizzles

The price of natural gas for delivery next month nosedived on Thursday as traders took profits after a massive four-day rally. The February Nymex gas futures contract settled at $4.270/MMBtu, down 58.7 cents day/day. March dropped 32.2 cents to $4.005. NGI’s Spot Gas National Avg., in contrast, continued to climb, gaining 89.0 cents to $6.450on…

January 14, 2022
Natural Gas Futures Extend Slide Despite ‘Solidly Cold’ Temperature Outlook

Natural Gas Futures Extend Slide Despite ‘Solidly Cold’ Temperature Outlook

Coming off a stretch of wild volatility, natural gas futures extended their recent losses in early trading Friday as forecasts hinted that cold might fade at the end of the month. The February Nymex contract was down 8.6 cents to $4.184/MMBtu at around 8:55 a.m. ET. Bespoke Weather Services characterized the recent tumble in natural…

January 14, 2022
Frigid Forecasts Fuel February Natural Gas Forwards; Futures Prove Fickle

Frigid Forecasts Fuel February Natural Gas Forwards; Futures Prove Fickle

With the heart of the winter heating season poised to deliver impressive chills for key portions of the Lower 48, natural gas forward prices surged higher during the Jan. 5-12 trading period, though a sharp sell-off for Nymex futures Thursday suggested recent gains may have been overdone. Fixed price Henry Hub contracts for February delivery…

January 13, 2022
Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight

Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight

With freezing weather on the horizon throughout much of the United States, including Texas, February natural gas prices at hubs key to Mexico shot up this week. The Henry Hub February contract closed at $4.857/MMBtu on Wednesday, up 60.8 cents on the day and more than  $1 from one week ago. Agua Dulce was up…

January 13, 2022
Anticipated Deep Freeze Sends February Natural Gas Futures to Fresh 2022 High

Anticipated Deep Freeze Sends February Natural Gas Futures to Fresh 2022 High

Natural gas futures surged on Wednesday, extending the first lengthy rally of 2022 to four straight days as forecasts for bitter cold temperatures and lofty heating demand intensified. The February Nymex gas futures contract soared 60.8 cents day/day and settled at $4.857. March jumped 35.9 cents to $4.327. At A Glance: BREAKING: U.S. EIA reported…

January 13, 2022
American Weather Model Seen Notably Warmer Overnight as Natural Gas Futures Pare Gains

American Weather Model Seen Notably Warmer Overnight as Natural Gas Futures Pare Gains

After rocketing higher amid intensifying January cold expectations, natural gas futures pared their gains early Thursday as one of the major weather models advertised warmer trends overnight. The February Nymex contract was down 25.9 cents to $4.598/MMBtu at around 8:55 a.m. ET. NatGasWeather early Thursday highlighted notable warmer trends overnight from the American model. However,…

January 13, 2022
‹ Previous 1 2 3 62