natural gas storage

Natural Gas Futures Ease Lower as Seasonal Temperatures Expected Late Month

Natural Gas Futures Ease Lower as Seasonal Temperatures Expected Late Month

Natural gas futures pared their recent gains in early trading Tuesday as the latest forecasts continued to show a mild seasonal pattern arriving later this month. After climbing 6.9 cents in the previous session, the May Nymex contract was down 2.0 cents to $2.729/MMBtu at around 8:50 a.m. ET. Overnight changes to the forecast data…

April 20, 2021
Chillier Forecast, ‘Elevated’ Exports Send Natural Gas Futures Higher Early

Chillier Forecast, ‘Elevated’ Exports Send Natural Gas Futures Higher Early

Riding momentum from strong export levels and continued colder trends from forecasts over the weekend, natural gas futures probed several cents higher in early trading Monday. The May Nymex contract was up 3.9 cents to $2.719/MMBtu at around 8:40 a.m. ET. In its latest 15-day forecast Monday Bespoke Weather Services added nine gas-weighted degree days…

April 19, 2021
Weekly Natural Gas Prices Advance as Temperatures Drop and Heating Demand Mounts

Weekly Natural Gas Prices Advance as Temperatures Drop and Heating Demand Mounts

In a stretch of trading defined by a barrage of chilly weather systems, weekly cash prices consistently gained ground amid steady heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the April 12-16 period climbed 24.5 cents to $2.495, with cash prices advancing four of the trading week’s five…

April 16, 2021
Euro Model Seen Colder Overnight as May Natural Gas Futures Advance

Euro Model Seen Colder Overnight as May Natural Gas Futures Advance

Colder overnight trends for late April from one of the major weather models saw natural gas futures climb several cents in early trading Friday. The May Nymex contract was up 3.1 cents to $2.689/MMBtu at around 8:50 a.m. ET. The European weather model added 12 heating degree days (HDD) overnight, with colder trends impacting the…

April 16, 2021
Storage Injection Lighter Than Expectations, Sending May Natural Gas Futures Higher

Storage Injection Lighter Than Expectations, Sending May Natural Gas Futures Higher

The U.S. Energy Information Administration (EIA) reported an injection of 61 Bcf natural gas storage for the week ended April 9, coming in below median estimates and driving Nymex natural gas futures into the green. The latest figure was below the 68 Bcf build EIA recorded in the year-ago period but above the five-year average…

April 15, 2021
Natural Gas Futures Slide Early as EIA Report Not Expected to Provide Bullish Momentum

Natural Gas Futures Slide Early as EIA Report Not Expected to Provide Bullish Momentum

With overnight forecasts shedding a small amount of heating demand from the outlook, and with traders preparing to digest updated government inventory data, natural gas futures eased lower in early trading Thursday. The May Nymex contract was down 2.1 cents to $2.597/MMBtu at around 8:45 a.m. ET. For this week’s U.S. Energy Information Administration (EIA)…

April 15, 2021
Chillier Forecast Supports Early Natural Gas Futures Gains

Chillier Forecast Supports Early Natural Gas Futures Gains

Cooler shifts in the latest weather data helped natural gas futures extend their recent upward momentum in early trading Wednesday. After adding 5.8 cents in the previous session, the May Nymex contract was trading 2.7 cents higher to $2.646/MMBtu at around 8:45 a.m. ET. Colder trends over the previous 24 hours from both the American…

April 14, 2021
May Natural Gas Futures Extend Rally as LNG Holds Strong, Cash Prices Climb

May Natural Gas Futures Extend Rally as LNG Holds Strong, Cash Prices Climb

Natural gas futures advanced again Tuesday as robust liquefied natural gas (LNG) levels fueled demand optimism and a dose of chilly weather bolstered cash prices.   The May Nymex contract climbed 5.8 cents day/day and settled at $2.619/MMBtu – the fifth straight day of gains. June rose 5.3 cents to $2.696. NGI’s Spot Gas National Avg.…

April 13, 2021
Natural Gas Futures Maintain Upward Momentum Early as Cooler Temperatures in Sight

Natural Gas Futures Maintain Upward Momentum Early as Cooler Temperatures in Sight

Natural gas futures extended their recent gains in early trading Tuesday amid continued expectations for chilly temperatures over the next week and a half. After picking up 3.5 cents in the previous session, the May Nymex contract was up another 3.0 cents to $2.591/MMBtu at around 8:50 a.m. ET. The overnight run of the American…

April 13, 2021
May Natural Gas Advances as Analysts See Signs of Improved Balances

May Natural Gas Advances as Analysts See Signs of Improved Balances

After finding technical support last week, natural gas futures advanced in early trading Monday as analysts pointed to signs of stronger balances. The May Nymex contract was up 5.7 cents to $2.583/MMBtu at around 8:50 a.m. ET.  The gains in futures prices early Monday occurred amid recent indications of a stronger supply/demand balance for natural…

April 12, 2021
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