Spot natural gas prices headed lower during the June 27-July 1 trading period amid cooler temperatures in Texas, fleeting bouts of heat elsewhere and the typical lull in demand seen over a holiday weekend. NGI’s Weekly Spot Gas National Avg. dropped 49.5 cents to $5.845/MMBtu. Futures action in the natural gas arena, meanwhile, was fueled…
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Wounded Bulls Eke Out 30-Cent Gain for Natural Gas Futures, but Cash Dragged Lower
After a brutal slashing, natural gas bulls licked their wounds and managed to churn out a respectable rebound along the natural gas futures curve to close out the week. The August Nymex futures contract settled Friday at $5.730/MMBtu, up 30.6 cents on the day. September futures climbed 32.0 cents to $5.712. At A Glance: Market…

July Natural Gas Bidweek Prices Crater as Freeport LNG Outage Reshapes Market Outlook
Despite a sweltering summer temperature outlook, most Lower 48 hubs offloaded more than $2 month/month in July natural gas bidweek trading after an explosion at a major U.S. export terminal re-wrote the script on injection season balances. NGI’s Bidweek National Avg. plummeted $2.335 to $6.300/MMBtu for July. That marks a huge increase over the year-earlier…

Natural Gas Futures Take Beating, Drop $1-Plus on Storage, Freeport News
Natural gas futures took one (actually two) on the chin Thursday as a larger-than-expected storage injection and an update regarding the Freeport liquefied natural gas (LNG) outage sent prices tumbling to levels not seen in months. The August Nymex futures contract plummeted $1.074 to $5.424/MMBtu. September lost $1.101 cents to land at $5.392. Spot gas…

Volatility Amid Freeport LNG Outage Concerns Sees Natural Gas Futures Pare Losses
Coming off a huge sell-off in the previous session, natural gas futures recovered some of their losses in early trading Friday as the Freeport liquefied natural gas (LNG) terminal outage continued to roil the market ahead of the extended July Fourth holiday weekend. After plummeting $1.074 on Thursday, the August Nymex contract was up 45.9…

In Historic Bloodbath, Natural Gas Futures Drop $1-Plus on Storage, Freeport News
Natural gas futures took one (actually two) on the chin Thursday as a larger-than-expected storage injection and an update regarding the Freeport liquefied natural gas (LNG) outage sent prices tumbling to levels not seen in months. The August Nymex futures contract plummeted $1.074 to $5.424/MMBtu. September lost $1.101 cents to land at $5.392. Spot gas…

North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight
North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline. August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On…

Sell-Off in Natural Gas Forwards Fueled by Freeport LNG Outage as Bears Take Control
As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

August Natural Gas Futures Slip, but Fundamentals Still Point to More Upside
Nymex natural gas futures, led now by the August contract, failed to hold onto early price gains amid weakening demand ahead of the holiday weekend. The August Nymex futures contract settled at $6.498/MMBtu, down 7.2 cents on the day. September futures slipped 6.4 cents to $6.493. At A Glance: BREAKING: U.S. EIA reports another larger-than-expected…

EIA Storage Injection Sends Natural Gas Futures Tumbling Under $6, Confirms Looser Balances
The Energy Information Administration (EIA) reported another larger-than-expected 82 Bcf injection into storage, confirming looser balances as a result of an explosion at the Freeport liquefied natural gas export terminal. Nymex futures, down about a nickel early in Thursday’s session, quickly plunged after the latest EIA data was published. The August contract was trading near…