natural gas storage

Natural gas futures snapped a two-day rally with a sharp drop on Wednesday as markets shifted focus to mild weather and persistently strong production. The October Nymex gas futures contract settled at $2.733/MMBtu, down 11.5 cents day/day. November fell 10.5 cents to $2.921. At A Glance: 60s Bcf injection projected Weather demand fades Output holds…

Natural gas futures advanced for a second straight day as estimates continued to show lighter production levels and analysts anticipated another relatively small storage injection. Following an 8.4-cent gain in the previous session, the October Nymex gas futures contract on Tuesday gained 12.0 cents day/day and settled at $2.848/MMBtu.   At A Glance: Production pressure persists…

After selling off in after hours trading, natural gas futures had reversed lower early Wednesday after postponed pipeline maintenance appeared to help alleviate supply concerns. The October Nymex contract was down 9.1 cents to $2.757/MMBtu at around 8:50 a.m. ET. The October contract is coming off a 12.0-cent rally in the previous session, a move…

Natural gas futures floundered at first on Monday, hindered by autumn-like weather. As the session wore on, though, traders shifted attention to production that remains below recent highs as well as predictions for another lean storage increase. Coming off a 6.4-cent loss in Friday’s session, the October Nymex gas futures contract settled at $2.728/MMBtu on…

Signs of production weakness, against a backdrop of a much tighter storage trajectory compared to earlier in the refill season, helped to spur early gains for natural gas futures Tuesday.  Coming off an 8.4-cent rally in the previous session, the October Nymex contract was up another 6.1 cents to $2.789/MMBtu at around 8:55 a.m. ET.…

With comfortable shoulder season conditions lining up for the coming weeks, natural gas futures retreated further in early trading Monday. Following a 6.4-cent sell-off in Friday’s session, the October Nymex contract was off another 1.2 cents to $2.632/MMBtu as of around 8:40 a.m. ET. Weather models, already advertising a bearish outlook as of late last…

Despite falling temperatures in the North and chilly winds from Hurricane Lee in the East, weekly natural gas cash prices advanced amid supply interruptions and lingering cooling demand in the South. NGI’s Weekly Spot Gas National Avg. for the Sept. 11-15 period gained 5.5 cents to $2.410. Conditions during the week remained sultry in the…

Natural gas futures failed to sustain momentum through the week’s final trading session, losing ground amid fading cooling demand and signs of recovering production. The October Nymex gas futures contract settled at $2.644/MMBtu on Friday, down 6.4 cents day/day.  At A Glance: Storage surpluses declining Weather demand easing Production near 100 Bcf/d NGI’s Spot Gas…

Natural gas futures found fresh footing after the latest government inventory report indicated further progress toward supply/demand balance and a key export facility showed signs of bouncing back from an unplanned interruption. Coming off a 6.3-cent decline the prior session, the October Nymex gas futures contract on Thursday gained 2.8 cents day/day and settled at…