natural gas storage

Forecasts called for a late January freeze But outlooks were mixed on the intensity of the cold blast Cash prices climbed, led higher by hubs in the Northeast Natural gas prices surged early on Tuesday amid expectations for intensifying U.S. liquefied natural gas (LNG) export demand and increased anticipation of subfreezing air descending from Canada…

Meteorologists anticiapte a late-month surge in frigid temperatures LNG volumes held near 11 Bcf amid strong demand from Asia Spot prices declined as mild temperatures spanned much of the Lower 48 Natural gas futures slipped early on Monday following forecasts for mild weather and diminished heating demand. However, they rebounded in afternoon trading and finished…

Buoyed by forecasts showing frigid temperatures finding their way into the Lower 48 later this month, natural gas futures rallied in early trading Tuesday. The February Nymex contract had surged 11.8 cents to $2.865/MMBtu as of 8:40 a.m. ET. Overall gas-weighted degree day expectations were largely unchanged day/day in the latest Bespoke Weather Services forecast…

Friday’s decline ended a five-day streak of positive finishes Weather forecasts for late January shifted warmer U.S. LNG volumes were above 11 Bcf and near record levels Natural gas futures faltered on Friday, ending a five-day streak of positive finishes. Traders focused on a shift in weather forecasts that pointed to a potential delay in…

Warming trends from forecasts over the weekend, albeit with hints of potential colder temperatures for key U.S. regions later this month, pressured natural gas futures lower in early trading Monday. The February Nymex contract was down 3.8 cents to $2.662/MMBtu at around 8:45 a.m. ET. After previously offering different outlooks on the upcoming pattern, the…

With the latest model trends favoring more warmth in the United States over the next two weeks, natural gas futures retreated in early trading Friday. The February Nymex contract was down 7.8 cents to $2.651/MMBtu at around 8:40 a.m. ET. In its latest forecast early Friday, Bespoke Weather Services said the outlook shifted warmer for…

Natural gas prices traded sideways much of Thursday before creeping upward and ultimately finishing in positive territory. Traders assessed a storage withdrawal that fell short of expectations against continued strong U.S. liquefied natural gas (LNG) exports and the potential for colder domestic temperatures later in January. The February Nymex gas futures contract settled at $2.729,…

Increased domestic industrial energy use, coupled with strong and ongoing demand for U.S. exports, could more than offset a gradual rise in production and drive natural gas prices this year well above the level at which they finished a pandemic-plagued 2020, analysts and industry insiders say. Analysts at Raymond James and Associates Inc. estimated gas…

The U.S. Energy Information Administration (EIA) reported a withdrawal of 130 Bcf from natural gas storage for the week ended Jan. 1, much steeper than the pull a year earlier but slightly off market expectations. Nymex natural gas futures traded in a narrow range in the wake of the storage release. Ahead of the EIA…