natural gas storage

Milder shoulder season weather and continued production strength over the weekend helped pressure natural gas futures lower in early trading Monday. The October Nymex contract was off 6.6 cents to $7.930/MMBtu at around 8:50 a.m. ET. Coming off two straight day/day gains to close out last week, the front month was probing modestly higher earlier…

Weekly natural gas cash prices gave up substantial ground amid rising production and near-term forecasts for mild temperatures across much of the Lower 48.   NGI’s Weekly Spot Gas National Avg. for the Sept. 6-9 period dropped $1.010 to $7.865/MMBtu. Cash prices fell each of the holiday trading week’s four sessions. The period was abbreviated because…

Natural gas prices hovered in a narrow range of modest gains and losses Friday before ultimately finishing in positive territory, as traders assessed cooler near-term weather patterns and mounting production against lingering storage deficits.   At A Glance: Weather demand forecast to wane ‘Fear’ lingers about threat to exports Production holds near 2022 high The October…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Mexico’s power matrix relies on natural gas for 65% of its output. As such, gas consumption sees the same kind of seasonality…

After steep drops the three prior sessions, natural gas futures bounced back Thursday, as traders digested a bullish inventory report – relative to historic norms – that reminded how strong demand proved over the bulk of summer. The October Nymex gas futures contract climbed 7.3 cents day/day and settled at $7.915/MMBtu. November gained 7.0 cents…

With a lighter-than-average inventory build this week leaving traders to contemplate stubborn storage deficits following a hot summer, natural gas futures continued to rebound in early trading Friday. The October Nymex contract was up 19.6 cents to $8.111/MMBtu as of around 8:55 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 54 Bcf…

After steep drops the three prior sessions, natural gas futures bounced back Thursday, as traders digested a bullish inventory report – relative to historic norms – that reminded how strong demand proved over the bulk of summer.  The October Nymex gas futures contract climbed 7.3 cents day/day and settled at $7.915/MMBtu. November gained 7.0 cents…

North American natural gas futures dropped below $8.00/MMBtu this week as U.S. natural gas production neared an all-time high of around 100 Bcf/d. A U.S. Environmental Protection Agency (EPA) decision maintaining emissions limits at turbines at Cheniere Energy Inc.’s LNG facilities further empowered bears. Cheniere’s Sabine Pass and Corpus Christi liquefied natural gas facilities currently…

Williams, building its natural gas portfolio to move more supply to the Gulf Coast and beyond, has snapped up NorTex Midstream Partners LP in a $423 million deal that expands Texas opportunities. The NorTex purchase, from an affiliate of private equity firm Tailwater Capital, includes 80 miles of gas transportation pipelines, 36 Bcf of storage…