natural gas storage

Ahead of Expiry, October Natural Gas Futures Mount Massive Rally

Ahead of Expiry, October Natural Gas Futures Mount Massive Rally

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. At A Glance: Futures eclipse $5.700 threshold Cash surges The October contract expires Tuesday The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off…

September 28, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
October Natural Gas Futures Rally As Expiry Looms

October Natural Gas Futures Rally As Expiry Looms

Looming front-month expiration helped spark a massive surge in natural gas futures prices in early trading Monday. The expiring October Nymex contract was up 32.4 cents to $5.464/MMBtu at around 8:50 a.m. ET; November was up 32.8 cents to $5.528. At A Glance: Futures surge a second straight day Global supply challenges are in focus…

September 27, 2021
Massive Natural Gas Futures Rally Seen as Expiry-Driven, ‘Untied to Fundamental Shifts’

Massive Natural Gas Futures Rally Seen as Expiry-Driven, ‘Untied to Fundamental Shifts’

Looming front-month expiration helped spark a massive surge in natural gas futures prices in early trading Monday. The expiring October Nymex contract was up 32.4 cents to $5.464/MMBtu at around 8:50 a.m. ET; November was up 32.8 cents to $5.528. Higher prices at European benchmarks and the impending expiration of the October contract appeared to…

September 27, 2021
Weekly Natural Gas Prices Sputter as Bearish Weather Patterns Arrive

Weekly Natural Gas Prices Sputter as Bearish Weather Patterns Arrive

Weekly natural gas cash prices gave up ground amid mild temperatures and light cooling demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 20-24 period dropped 55.0 cents to $4.770. Temperatures moderated throughout the Midwest, East and parts of the western United States during the week, leaving comfortable…

September 24, 2021
Despite Onset of Shoulder Season, October Natural Gas Futures Extend Robust Revival

Despite Onset of Shoulder Season, October Natural Gas Futures Extend Robust Revival

Natural gas futures rallied for a second day on Friday as the potential for supply constraints outweighed mild autumn weather and modest near-term domestic demand. Impending front-month expiration also factored in, analysts said. At A Glance: Futures surge a second straight day Domestic weather demand tapers Global supply challenges in focus The October Nymex contract…

September 24, 2021
Natural Gas Futures Rebound as Supply Worries Mount

Natural Gas Futures Rebound as Supply Worries Mount

Natural gas futures rebounded with vigor on Thursday, propelled by domestic and global supply challenges as the peak winter demand season looms. At A Glance: Futures spiked 17.1 cents EIA prints 76 Bcf storage injection Cash prices claw back into the green The October Nymex contract shot up 17.1 cents day/day and settled at $4.976/MMBtu.…

September 24, 2021
Analysts See Regional Tightness as Natural Gas Futures Extend Rebound

Analysts See Regional Tightness as Natural Gas Futures Extend Rebound

Natural gas futures continued to rebound early Friday as the market contemplated lean stockpiles heading into winter, as well as the looming front-month expiration. The October Nymex contract was up 9.7 cents to $5.073/MMBtu at around 8:50 a.m. ET. November was trading 10.2 cents higher at $5.145. The U.S. Energy Information Administration (EIA) on Thursday…

September 24, 2021
Natural Gas Price Spike Easing, but Tight Winter Supply Looms – Mexico Market Spotlight

Natural Gas Price Spike Easing, but Tight Winter Supply Looms – Mexico Market Spotlight

This week saw an ebbing in the price surges of the past month, but Mexican buyers of natural gas are gearing up for a potentially precarious winter season. “This winter is gonna be very different from previous years for sure, as we haven’t had this tight of a market in a very long time,” Refinitiv…

September 23, 2021
Natural Gas Futures Finish Flat as Weather Demand Looks Weak

Natural Gas Futures Finish Flat as Weather Demand Looks Weak

Natural gas futures on Wednesday snapped a four-day losing streak, though barely, after trading in a narrow range most of the session. Rebounding liquified natural gas (LNG) export volumes offset domestic demand forecasts that held in bearish territory. At A Glance: BREAKING: Utilities injected 76 Bcf natural gas into underground storage for the week ended…

September 23, 2021
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