natural gas storage

Natural gas futures surged higher early Monday as traders assessed a strengthening outlook for September heat, though a looming tropical cyclone threatened to temper demand. The September Nymex contract was up 13.2 cents to $2.672/MMBtu at around 8:40 a.m. ET. October was up 14.1 cents to $2.798. Both the European and American models added cooling…

Natural gas spot gas prices were lower this week despite scorching heat that spread outside of California and Texas to blanket much of the Lower 48. Led by steep losses in California, NGI’s Weekly Spot Gas National Avg. plummeted 30.0 cents to $2.300/MMBtu for the week of Aug. 21-25 trading. Nymex natural gas futures also…

Natural gas futures polished off the week with a modest increase, driven by the likelihood of hot weather returning and becoming widespread early next month. The September Nymex gas futures contract settled Friday at $2.540/MMBtu, up 2.1 cents from Thursday’s settlement. At A Glance: No end in sight for Texas heat Surplus erosion to continue…

Both regional natural gas forwards and Nymex futures came under selling pressure during the Aug. 17-23 trading period as the market looked beyond recent sweltering summer temperatures, which have only dented a lingering inventory surplus. Fixed prices at benchmark Henry Hub slid 9.5 cents to $2.494/MMBtu for September delivery, NGI’s Forward Look data show. Fixed…

North American natural gas futures were kept in check this week as the hurricane season threatened to kick into gear at the end of a particularly hot summer. On Thursday, news that U.S. storage surpluses were tightening helped give futures prices a little boost. The September New York Mercantile Exchange gas futures contract settled at…

The Energy Information Administration (EIA) stunned the natural gas market with a much smaller-than-expected 18 Bcf net injection into storage inventories for the week ending Aug. 18, providing a boost to futures prices that have struggled this week. At A Glance: BREAKING: EIA reports 18 Bcf injection Surplus tightening continues West spot prices slide Natural…

The Energy Information Administration (EIA) stunned the natural gas market with a much smaller-than-expected 18 Bcf net injection into storage inventories for the week ending Aug. 18, providing a boost to futures prices that have struggled this week. The September Nymex contract was about 5.0 cents lower in the minutes leading up to the weekly…

Natural gas futures continued to come under selling pressure early Thursday as expectations for another surplus-trimming government inventory report failed to arrest recent bearish momentum.  Coming off a 6.3-cent sell-off in the previous session, the September Nymex contract was down another 5.0 cents to $2.447/MMBtu at around 8:50 a.m. ET. Surveys ahead of the U.S.…

Natural gas futures continued to slide midweek with the threat of another tropical disturbance keeping traders on guard even amid the ongoing heatwave suffocating much of the Lower 48. The September Nymex gas futures contract settled Wednesday at $2.497/MMBtu, off 6.3 cents on the day. October futures were down 6.0 cents to $2.592. At A…