natural gas storage

Helped along by some cooler trends in the latest forecasts, natural gas futures continued to strengthen in early trading Wednesday. Coming off a 10.9-cent rally in the previous session, the November Nymex contract was up another 5.0 cents to $2.999/MMBtu at around 8:35 a.m. ET. Explanations for Tuesday’s rally were “elusive,” but seasonal buying and…

Natural gas futures fell again Monday, extending losses from the prior week as forecasts pointed to more mild weather and LNG volumes continued to prove turbulent. The November Nymex gas futures contract settled at $2.840/MMBtu, down 8.9 cents day/day. December fell 7.9 cents to $3.233. At A Glance: Mild temperatures ahead Production ticks lower NGI…

Natural gas futures eased lower early Monday as shoulder season conditions continued to leave the market searching for bullish signals amid the wait for winter weather to arrive.  The November Nymex contract was off 1.8 cents to $2.911/MMBtu as of 8:42 a.m. ET. The weather data saw only “slight changes” over the weekend, with models…

Natural gas spot prices ended September with a whimper as the majority of U.S. locations slipped into the red amid modest weather-driven demand. Western hubs led the decline as prices there tumbled as much as 49.5 cents week/week, although NGI’s Weekly Spot Gas National Avg. was down far more muted 3.0 cents to $2.150. Futures…

The battle for $3.000/MMBtu natural gas is heating up, even if furnaces aren’t quite doing the same. After an initial drop to an intraday low of $2.855, the November Nymex gas futures contract bounced and ultimately settled only 1.6 cents lower on the day at $2.929. December futures slipped 2.8 cents to $3.312. At A…

“Everyone is talking about nearshoring and a key issue to take advantage of this historic opportunity for Mexico is that we’re going to need more electricity, and with it, more natural gas,” Guillermo García Alcocer, former chair of Mexico’s Comisión Reguladora de Energía (CRE) told NGI’s Mexico GPI. “The current electricity matrix is powered some…

Natural gas futures managed a fifth straight day of gains on Thursday as buyers continued to buy up the curve in spite of near-term bearish pressure. The November Nymex gas futures contract settled Thursday at $2.945/MMBtu, up 4.6 cents on the day. December futures climbed 5.0 cents to $3.340. Spot gas, which traded Thursday for…

North American natural gas futures have enjoyed a positive week, with October rolling off the board on Wednesday at $2.674/MMBtu after four consecutive days of gains. On Thursday, the New York Mercantile Exchange gas futures contract for November on its first day as prompt month settled at $2.942, up 4.3 cents. Healthy LNG demand at…

The Energy Information Administration (EIA) reported an injection of 90 Bcf into natural gas storage inventories for the week ending Sept. 22, snapping an 11-week stretch of surplus-shrinking builds. November Nymex futures, up about 6.0 cents at around $2.960/MMBtu early in Thursday’s trading session, retreated slightly as the EIA print crossed trading desks. By 11…