natural gas

Natural Gas Futures Hit the Brakes on Rally, but Long-Term Bullish Outlook Intact

Natural Gas Futures Hit the Brakes on Rally, but Long-Term Bullish Outlook Intact

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

April 29, 2022
Antero Betting on Bullish ‘Structural Shift’ in Natural Gas Prices

Antero Betting on Bullish ‘Structural Shift’ in Natural Gas Prices

Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said Thursday. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings. He…

April 29, 2022
TC Looking to Bridge RNG Producers, Customers with U.S. Transportation Hub

TC Looking to Bridge RNG Producers, Customers with U.S. Transportation Hub

TC Energy Corp. has launched a collaboration aimed at connecting renewable natural gas (RNG) to a series of transportation hubs across its U.S. network of pipelines. The Calgary-based energy infrastructure company has tapped GreenGasUSA Holdings LLC, an RNG operator and developer, to expand the volume of low-carbon gas captured from farms and landfills within the…

April 29, 2022
Natural Gas Prices Pressured to Upside as Global Market Squeezed by Russia – Mexico Spotlight

Natural Gas Prices Pressured to Upside as Global Market Squeezed by Russia – Mexico Spotlight

Natural gas futures crossed $7.00/MMBtu again this week, and global supply worries gained traction when Russia said it was cutting off gas access to Poland and Bulgaria. Rystad Energy analysts said the action by Russia “should be viewed as a precedent.” Meanwhile, U.S. natural gas production also failed to find momentum, dropping to around 93…

April 28, 2022
Natural Gas Surges to  Close Wednesday, Sending May Futures Expiring 41 Cents Higher

Natural Gas Surges to Close Wednesday, Sending May Futures Expiring 41 Cents Higher

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. At…

April 28, 2022
Mexico’s Private Sector Oil, Natural Gas Production Rising Steadily

Mexico’s Private Sector Oil, Natural Gas Production Rising Steadily

Natural gas production in Mexico averaged 4.05 Bcf/d in March, up from 3.84 Bcf/d in the same month a year ago. State oil company Petróleos Mexicanos (Pemex) supplied 3.81 Bcf/d of the total, versus 3.64 Bcf/d in March 2021, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) Production by private…

April 27, 2022
Another Rally for Natural Gas Futures as Production Sinks Further; Cash Gains Continue

Another Rally for Natural Gas Futures as Production Sinks Further; Cash Gains Continue

Natural gas futures traders hit the pedal Tuesday, accelerating price gains after the latest production data showed another sharp decline in output. Contract expirations also played into intraday volatility along the Nymex curve, ultimately pushing the May contract up 18.1 cents to $6.850/MMBtu. June futures climbed 17.3 cents to $6.978. Spot gas prices also strengthened…

April 27, 2022
Production Drop Sends Natural Gas Futures Higher, while Chilly Weather Lifts Cash

Production Drop Sends Natural Gas Futures Higher, while Chilly Weather Lifts Cash

Natural gas futures volatility continued ahead of contract expirations this week, with the May Nymex contract up early as freeze-offs in the Rockies over the weekend dented production. The prompt month traded in a nearly 50.0-cent range before settling Monday at $6.669/MMBtu, up 13.5 cents from Friday’s close. June futures rose 14.2 cents to $6.805.…

April 26, 2022
Natural Gas Futures Resume Sell-Off, while Mild Weather Sends Cash Lower

Natural Gas Futures Resume Sell-Off, while Mild Weather Sends Cash Lower

After a brief pause on Thursday, natural gas futures resumed their steep slide to close out the week amid a generally weak near-term outlook. The May Nymex gas futures contract settled Friday at $6.534/MMBtu, off a noteworthy 42.3 cents day/day. June futures fell 43.3 cents to $6.663. At A Glance: Bears regain control Chilly temps…

April 25, 2022
Profit-Taking Sends Natural Gas Futures to Near $6.50; Cash Slides on Mild April Temperatures

Profit-Taking Sends Natural Gas Futures to Near $6.50; Cash Slides on Mild April Temperatures

After a brief pause on Thursday, natural gas futures resumed their steep slide to close out the week amid a generally weak near-term outlook. The May Nymex gas futures contract settled Friday at $6.534/MMBtu, off a noteworthy 42.3 cents day/day. June futures fell 43.3 cents to $6.663. At A Glance: Weather demand to be light…

April 22, 2022