natural gas storage

Natural gas futures stumbled for a second session Wednesday as an unusually mild late-January weather forecast took center stage, shifting attention away from ongoing supply disruptions and demand spikes from Arctic cold blasts sweeping across the country. At A Glance: Bullish storage print expected  Next week’s forecasts stay warm Freeze-offs keep supply tight Coming off…

Underground inventories of natural gas, until recently projected to finish winter at historically high levels, are widely expected to drop in coming government readings, a reflection of an extreme weather shift and huge hits to production. Frigid blasts of Arctic air spilled into the Lower 48 late last week and spread across the country. The…

Natural gas futures sank below $3.000/MMBtu on Tuesday as markets looked past the immediate brutal cold to an expected warm-up in temperatures next week as indicated by increased confidence in weather models. At A Glance: Prompt-month sinks below $3 Demand hovers around 160 Bcf/d NGI models 165 Bcf draw The February Nymex natural gas futures…

Natural gas futures continued to crumble in early trading Wednesday as an exceptionally mild late January forecast loomed large, overshadowing supply disruptions and demand impacts from recent frigid conditions across the Lower 48. After collapsing 41.3 cents in Tuesday’s session, the February Nymex contract was down another 10.3 cents to $2.797/MMBtu at around 8:45 a.m.…

Natural gas futures sank below $3.000/MMBtu on Tuesday as markets looked past the immediate brutal cold to an expected warm-up in temperatures next week as indicated by increased confidence in weather models. At A Glance: Brutal cold to last into weekend Production drops to 92.4 Bcf/d NGI models 165 Bcf draw The February Nymex natural…

Despite intense winter weather and market disruptions in the near term, natural gas futures were down sharply in early trading Tuesday as models increased confidence in a return to milder temperatures for the final third of January. After rallying 21.6 cents on Friday, the February Nymex contract was down 33.6 cents to $2.977/MMBtu at around…

Weekly natural gas cash prices gained substantial ground for the second time early in the new year amid frigid temperatures across much of the Lower 48 and lighter production readings. NGI’s Weekly Spot Gas National Avg. for the Jan. 8-12 period cruised ahead $3.095 to $6.065. Big gainers peppered the Lower 48. Malin in the…

Natural gas futures rallied on Friday for the fourth time in the latest week’s five sessions, bolstered by subzero temperatures, production curtailments and a vigorous cash market. The February Nymex gas futures contract jumped 21.6 cents day/day and settled at $3.313/MMBtu.   At A Glance: Fierce winter freeze spreads Production substantially lower Significant storage pulls loom…

Front-month natural gas futures posted another strong gain on Thursday, bolstered by a bullish government inventory report and expectations for more to follow amid extreme cold that is both driving heating demand and curbing production. Following a 15.1-cent decline the prior day – the only loss of the year to date – the February Nymex…