natural gas storage

Strong demand from the industrial sector and the “ripple effect” of Europe’s energy crisis will be among the key factors putting upward pressure on natural gas prices this summer, according to projections from the Natural Gas Supply Association (NGSA). In its 2022 Summer Outlook, published Wednesday, the trade group predicted downward pressure from weather and…

In a continuation of recent outsized volatility, natural gas futures surged higher in early trading Wednesday as analysts pointed to strong heat in the southern Lower 48 as a possible bullish catalyst. The June Nymex contract was up 23.9 cents to $7.624/MMBtu at around 8:45 a.m. ET. Recent price moves have been particularly “head-spinning,” according…

Natural gas futures floundered for a second consecutive session on Monday, as speculative buyers moved to the sidelines following a colossal bull run to start May. A catalyst for that rally – weak production – showed signs of recovery, easing concerns about inadequate supplies to meet extreme heat-driven demand in the South. The June Nymex…

Natural gas futures retreated Friday, ending five days of frenzied rallying, as markets assessed an increase in production and traders took profits. The June Nymex gas futures contract fell 74.0 cents day/day and settled at $8.043/MMBtu. July dropped 71.3 cents to $8.128. At A Glance: Traders take profits Output inches ahead Demand drivers loom large…

Belying volatile after-hours price action, natural gas futures were trading a few cents lower early Monday as analysts observed bearish short-term trends in weather-driven demand and production. The June Nymex contract was down 7.2 cents to $7.971/MMBtu at around 8:50 a.m. ET. Recent price action has been marked by “unsettling volatility,” according to EBW Analytics…

Weekly natural gas cash prices soared as production struggled and expectations for robust summer demand mounted. NGI’s Weekly Spot Gas National Avg. for the May 2-6 period jumped $1.075 cents to $7.800. Fueled by forecasts for strong natural gas demand in the summer ahead and elevated calls for American exports of liquefied natural gas (LNG)…

Natural gas futures retreated Friday, ending five days of frenzied rallying, as markets assessed an increase in production and traders took profits. The June Nymex gas futures contract fell 74.0 cents day/day and settled at $8.043/MMBtu. July dropped 71.3 cents to $8.128. At A Glance: Traders take profits Production inches ahead Demand drivers loom large…

Natural gas futures flirted early with a loss for the first time this week on the heels of a bearish storage report but quickly turned a corner and rallied again on Thursday as traders fixated on supply/demand imbalances. The June Nymex gas futures contract settled at $8.783/MMBtu, up 36.8 cents day/day. July rose 36.9 cents…

Amid indications of recovering production levels, natural gas futures pared their recent gains in early trading Friday. Coming off a 36.8-cent rally in the previous session, the June Nymex contract was off 16.2 cents to $8.621/MMBtu at around 8:50 a.m. ET. Weather and production trends appeared less bullish heading into Friday’s trading, according to Bespoke…