natural gas storage

With some of the warmest weather of the past 40 years expected to continue for the next several days, natural gas futures struggled to find support and instead set their sights on the $2.00/MMBtu mark. After sliding to a $2.072 intraday low, the May Nymex natural gas futures contract settled Wednesday at $2.093, down 9.3…

European natural gas storage inventories are so full heading into injection season and Asian demand remains weak enough that there is a remote possibility of U.S. LNG cargo cancellations later this summer. Even a limited number of cargo cancellations would mark an extraordinary turnaround from a tight market that’s been shaped by supply fears since…

Natural gas futures hovered close to even early Wednesday as traders continued to mull comparatively loose balances and mild spring-time weather-driven demand. The May Nymex contract was up 1.3 cents to $2.199/MMBtu at around 8:40 a.m. ET. While the May contract finished in positive territory Tuesday, bulls still have plenty of work to do to…

Still on a sugar high from too many Cadbury eggs over the Easter holiday weekend, natural gas futures prices soared as weather data showed cool weather returning to the Lower 48 in about a week’s time. With some short-covering likely aiding the rally, the May Nymex natural gas contract settled Monday’s regular session at $2.172/MMBtu,…

North American natural gas futures continued to limp along and were barely above $2.00/MMBtu on Thursday with warm weather keeping demand in check. The May New York Mercantile exchange gas futures contract shed 14.4 cents day/day on Thursday and settled at $2.011. June lost 14.3 cents to $2.238. There are potentially some signs that favor…

Notwithstanding the fact that temperatures in Northwest Europe can stay cool through April or later, March 31 is a good date to think of as the “end of winter” for European gas markets.

Continued signs of maintenance-related production declines provided support for natural gas futures as prices probed higher in early trading Wednesday. At around 8:40 a.m. ET, the May Nymex contract was up 6.2 cents to $2.168/MMBtu. Northeast production volumes continued to show impacts from a slew of springtime pipeline maintenance events in the region, Wood Mackenzie…

Evidence of a production dip amid springtime pipeline maintenance helped natural gas futures claw back a few pennies in early trading Tuesday.  Coming off an 11.9-cent slide in Monday’s session, the May Nymex contract was up 3.0 cents to $2.127/MMBtu at around 8:40 a.m. ET. The temperature outlook for April “continues to hemorrhage demand” for…

Natural gas futures, under pressure throughout the week and most of the past month, finished March on a high note alongside mounting export momentum that offset fading domestic weather demand. At A Glance: Freeport export volumes pop Weather-driven demand fades Texas cash market faces test The May Nymex gas futures contract, after dropping 8.0 cents…