natural gas storage

As exceptional warmth from updated forecasts dispelled hopes for a more impressive follow-up to this month’s winter blast, natural gas futures continued to crumble early Monday. The February Nymex contract was down 14.1 cents to $2.378/MMBtu at around 8:51 a.m. ET. March was off 12.5 cents to $2.127. The latest forecast from Maxar’s Weather Desk…

Weekly natural gas cash prices lost ground for the first time this year with the brunt of the season’s worst winter storm passed and set to give way to warmer temperatures. NGI’s Weekly Spot Gas National Avg. for the holiday-shortened Jan. 16-19 period fell $1.520 to $4.545/MMBtu. Prices in most regions declined in the trading…

Natural gas futures fell on Friday for a fourth straight day as warmer forecasts and rebounding production put the week’s polar vortex firmly in the rearview mirror. The February Nymex gas futures contract fell 17.8 cents and settled at $2.519/MMBtu.  At A Glance: Late-January warm-up looms Production rises above 100 Bcf/d Weekend cold boosts Southeast…

Natural gas forwards retreated during the Jan. 11-17 trading period as impacts to both supply and demand from recent Arctic weather began to subside and as a much milder late January pattern came into sharper focus. After surging in the week-earlier period, fixed prices from coast-to-coast fell back down, NGI’s Forward Look data show. Despite…

Utilities still have an abundance of natural gas in underground storage from which to draw upon for winter heating needs – even after back-to-back triple-digit storage pulls to start the new year. Supplies in both the East and Midwest, though, are shrinking and poised to further dwindle following the frigid cold shots of mid-January that…

February natural gas futures fell for a third session Thursday after a government inventory report landed short of expectations and doubts emerged about colder conditions returning in early February. At A Glance: EIA prints 154 Bcf withdrawal Spot gains ahead of weekend cold Early February forecasts warmer The prompt-month Nymex gas futures contract shed 17.3…

Natural gas futures continued to face bearish headwinds early Friday from forecasts suggesting a warm-dominated Lower 48 pattern for late January could extend into early February. The February Nymex contract was off 9.3 cents to $2.604/MMBtu at around 8:50 a.m. ET. Weather data trended warmer overnight, including a sizable drop in projected heating demand from…

Mexico’s reliance on imported U.S. natural gas to keep its lights on and industry running was spotlighted this week, but in the end fears of weather-related disruptions proved overblown. Pipeline operator Cenagas and power operator Cenace both had issued statements following frigid temperatures that warned of possible disruptions to Mexico natural gas flows. Mexico imports…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal from storage of 154 Bcf of natural gas for the week ended Jan. 12, falling short of median estimates. Some analysts pointed to stronger wind generation as the difference. Ahead of the 10:30 a.m. ET government report, February Nymex futures were trading down 7.2…