natural gas storage

Natural gas futures on Monday picked up where they left off the week before, climbing higher on expectations for robust cooling demand in the summer ahead and the potential for anemic storage supplies by the close of injection season. The June Nymex gas futures contract settled at $7.475/MMBtu, up 23.1 cents day/day. It had closed…

Against a bullish backdrop of underperforming domestic production, a glimpse of summer temperatures in updated forecasts spurred natural gas futures sharply higher in early trading Tuesday. After picking up 23.1 cents in the previous session, the June Nymex contract was up 44.7 cents to $7.922/MMBtu at around 8:50 a.m. ET. A combination of technical momentum…

Natural gas futures on Monday picked up where they left off the week before, climbing higher on expectations for robust cooling demand in the summer ahead and the potential for anemic storage supplies by the close of injection season. The June Nymex gas futures contract settled at $7.475/MMBtu, up 23.1 cents day/day. It had closed…

With production light and demand steady, natural gas futures on Friday cruised higher for the fourth time in five sessions. The June Nymex gas futures contract settled at $7.244/MMBtu, up 35.6 cents day/day. July advanced 36.1 cents to $7.355. NGI’s Spot Gas National Avg. shed 3.0 cents to $6.525, though prices were up across the…

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

With supply concerns continuing to bolster the bullish case amid some volatile back-and-forth swings, natural gas futures were trading higher early Friday. At around 8:45 a.m. ET, the June Nymex contract was trading around $6.948/MMBtu, up 6.0 cents from the previous settlement. Thursday’s session saw the June contract “rapidly” give back gains recorded during the…

In a continuation of an eventful shoulder season marked by supply fears and geopolitical anxieties, the April 21-27 trading period brought futures volatility and broad gains at most natural gas forward trading locations, NGI’s Forward Look data show. Outside of a few hubs in the Rockies, Southwest and Texas, where pipeline maintenance appeared to impact…

Natural gas futures crossed $7.00/MMBtu again this week, and global supply worries gained traction when Russia said it was cutting off gas access to Poland and Bulgaria. Rystad Energy analysts said the action by Russia “should be viewed as a precedent.” Meanwhile, U.S. natural gas production also failed to find momentum, dropping to around 93…

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. At…