natural gas storage

Forecasts For Waning Weather Demand Undercut December Natural Gas Futures

Forecasts For Waning Weather Demand Undercut December Natural Gas Futures

Natural gas futures floundered Monday as the prospect of a coronavirus resurgence and the potential for weak weather demand extending into December weighed on markets. At A Glance: Forecasts point to light weather-driven demand next month New coronavirus outbreaks threaten energy consumption Northeast spot prices stood apart, spiking amid regional demand The December Nymex contract…

November 23, 2021
December Natural Gas Futures Soar Along with LNG Demand

December Natural Gas Futures Soar Along with LNG Demand

Natural gas futures on Friday rallied for the fourth time in the week’s five trading sessions, lifted by ongoing robust levels of U.S. exports and expectations for stronger weather-driven demand in coming weeks. The December Nymex contract gained 16.3 cents day/day and settled at $5.065/MMBtu. January rose 15.0 cents to $5.145. At A Glance: U.S.…

November 22, 2021
Weekly Natural Gas Prices Rally Amid Early Blast of Winter, Flood-Induced Pipeline Closure

Weekly Natural Gas Prices Rally Amid Early Blast of Winter, Flood-Induced Pipeline Closure

Weekly natural gas cash prices gained ground amid snow and freezing conditions that originated in the West and traveled across the northern half of the country, generating robust heating demand. NGI’s Weekly Spot Gas National Avg. for the Nov. 15-19 period climbed 18.5 cents to $4.875 A chilly weather system tracked out of the Mountain…

November 19, 2021
Natural Gas Prices Rally Again, with December Futures Finishing Strong Week on High Note

Natural Gas Prices Rally Again, with December Futures Finishing Strong Week on High Note

Natural gas futures on Friday rallied for the fourth time in the week’s five trading sessions, lifted by ongoing robust levels of U.S. exports and expectations for stronger weather-driven demand in coming weeks. The December Nymex contract gained 16.3 cents day/day and settled at $5.065/MMBtu. January rose 15.0 cents to $5.145. At A Glance: Futures…

November 19, 2021
With Export Demand Holding Strong, Natural Gas Futures Post Solid Gain

With Export Demand Holding Strong, Natural Gas Futures Post Solid Gain

Natural gas futures vaulted higher on Thursday as production eased, export demand jumped and traders looked ahead to colder weather and the onset of winter storage withdrawals. The December Nymex contract rose 8.6 cents day/day and settled at $4.902/MMBtu. January added 8.1 cents to $4.995.  At A Glance: U.S. LNG volumes gain momentum EIA prints…

November 19, 2021
INGAA Touts More Efforts to Slash Natural Gas Pipeline, Storage Emissions

INGAA Touts More Efforts to Slash Natural Gas Pipeline, Storage Emissions

The Interstate Natural Gas Association of America (INGAA) recently unveiled updated greenhouse gas (GHG) emissions commitments for members, part of a larger effort to achieve net-zero emissions from transmission and storage operations by 2050. INGAA said its 27 member companies have pledged several measures to reduce methane emissions from pipelines, pneumatic controllers, storage and compressor…

November 19, 2021
Atmos Focusing Natural Gas Spending to Expand, Upgrade Distribution System

Atmos Focusing Natural Gas Spending to Expand, Upgrade Distribution System

Dallas-based natural gas distributor Atmos Energy Corp. is earmarking $13-14 billion in planned spending over the next five years on system replacements, expansions and environmental upgrades, executives said on a recent conference call. The Dallas-based natural gas-only distributor has more than three million customers in 1,400-plus communities across eight states, primarily in the South. The…

November 19, 2021
December Natural Gas Futures Find New Footing Amid Export Demand Strength

December Natural Gas Futures Find New Footing Amid Export Demand Strength

Natural gas futures vaulted higher on Thursday as production eased, export demand jumped and traders looked ahead to colder weather and the onset of winter storage withdrawals. The December Nymex contract rose 8.6 cents day/day and settled at $4.902/MMBtu. January added 8.1 cents to $4.995.  Coming off a 36.1-cent selloff in the previous session, Thursday’s…

November 18, 2021
Relentless Sell-Off Continues for Natural Gas Forwards, but Pipeline Issue Rocks Pacific Northwest

Relentless Sell-Off Continues for Natural Gas Forwards, but Pipeline Issue Rocks Pacific Northwest

Natural gas forward prices recorded a third straight week in the red as weather models continued to show variability in the forecasts, rather than sustained cold. Liquefied natural gas (LNG) demand, meanwhile, neared all-time highs as production fluctuated but stood well off summer lows. All the gyrations in the supply/demand balance left the December forward…

November 18, 2021
December Natural Gas Futures, Spot Prices Sputter

December Natural Gas Futures, Spot Prices Sputter

Natural gas futures careened on Wednesday amid profit-taking and expectations for a relatively plump storage increase for mid-November. The December Nymex contract dropped 36.1 cents day/day and settled at $4.816/MMBtu. January fell 35.6 cents to $4.914. At A Glance: BREAKING: U.S. EIA on Thursday reported an injection of 26 Bcf natural gas into storage for…

November 18, 2021