NYMEX

Natural Gas Forward Prices Surge on Heat, Lagging Production

Natural Gas Forward Prices Surge on Heat, Lagging Production

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

July 23, 2021
Natural Gas Futures Ease Lower Ahead of EIA Report; Potential Test of $4 Predicted

Natural Gas Futures Ease Lower Ahead of EIA Report; Potential Test of $4 Predicted

Natural gas futures pulled back slightly in early trading Thursday as traders awaited the latest government inventory data, although analysts saw potential for an advance to the $4 mark in the near future. The August Nymex contract was off 2.9 cents to $3.930/MMBtu at around 8:50 a.m. ET. For the latest weekly Energy Information Administration…

July 22, 2021
Natural Gas Price Bulls Extend Parade as August Futures Soar a Fourth Consecutive Session

Natural Gas Price Bulls Extend Parade as August Futures Soar a Fourth Consecutive Session

Natural gas futures on Wednesday advanced for a fourth straight day, probing higher from the two-and-a-half-year highs reached earlier this week, with demand robust and anticipation high ahead of the federal government’s storage report Thursday. At A Glance: Forecasts call for extensive heat Production remains light Traders await EIA storage data The August Nymex contract…

July 21, 2021
Natural Gas Futures Continue ‘Unstoppable’ Rally as Forecasts Extend Hotter Trends

Natural Gas Futures Continue ‘Unstoppable’ Rally as Forecasts Extend Hotter Trends

Fueled by continued hotter trends in the latest forecast and supply concerns, natural gas futures extended their recent gains in early trading Wednesday. The August Nymex contract was up 4.7 cents to $3.923/MMBtu at around 8:50 a.m. ET. After settling sharply higher in Tuesday’s session, futures continued to climb overnight. Analysts at EBW Analytics Group…

July 21, 2021
Overnight Guidance Trends Hotter as Natural Gas Futures Jump Higher Early

Overnight Guidance Trends Hotter as Natural Gas Futures Jump Higher Early

Hotter trends in the overnight guidance helped send natural gas futures sharply higher in early trading Tuesday. As of 8:50 a.m. ET, the August Nymex contract was up 6.9 cents to $3.848/MMBtu. The American and European weather models trended hotter overnight for next week, adding 2-3 cooling degree days to the outlook, according to NatGasWeather.…

July 20, 2021
August Natural Gas Futures Fail to Sustain Momentum, Falter a Second Day

August Natural Gas Futures Fail to Sustain Momentum, Falter a Second Day

Natural gas futures rebounded early Wednesday, as liquefied natural gas (LNG) levels bounced back and reassured markets of robust export demand. Still, bearish tilts in domestic weather outlooks and estimates for a higher storage injection put downward pressure on futures in afternoon trading. At A Glance: LNG feed gas bounces back Weather outlooks shift cooler…

July 14, 2021
Natural Gas Futures ‘Jumpy’ Early as Balances Said Tight; Forecasts Trend Cooler

Natural Gas Futures ‘Jumpy’ Early as Balances Said Tight; Forecasts Trend Cooler

Despite forecasts showing July heat easing compared to previous expectations, natural gas futures advanced in early trading Wednesday as analysts continued to see tightness in the supply/demand balance. The August Nymex contract was up 3.0 cents to $3.726/MMBtu at around 8:50 a.m. ET. Natural gas prices were “jumpy” in early trading Wednesday, with the August…

July 14, 2021
Natural Gas Futures Ease Lower Early as Rally Seen Potentially Losing Steam

Natural Gas Futures Ease Lower Early as Rally Seen Potentially Losing Steam

Amid mixed changes to the weather outlook overnight, natural gas futures reversed lower in early trading Tuesday. After rallying 7.5 cents in the previous session, the August Nymex contract was down 2.9 cents to $3.720/MMBtu at around 8:50 a.m. ET. Overnight trends in the weather data were mixed, according to NatGasWeather. The major models added…

July 13, 2021
Natural Gas Futures Called Slightly Higher as Market Shrugs Off ‘Decidedly Bearish’ Weather Trends

Natural Gas Futures Called Slightly Higher as Market Shrugs Off ‘Decidedly Bearish’ Weather Trends

Bolstered by relatively strong cooling demand overall, natural gas futures shrugged off bearish trends in the weather outlook over the weekend to probe slightly higher in early trading Monday. The August Nymex contract was up 1.3 cents to $3.687/MMBtu at around 8:50 a.m. ET. The natural gas futures market faced mixed signals as of early…

July 12, 2021
Natural Gas Futures Advance Early as Analysts Highlight Tightness in EIA South Central

Natural Gas Futures Advance Early as Analysts Highlight Tightness in EIA South Central

As analysts continued to mull the balance implications of a government inventory report that surprised to the bullish side of market expectations, natural gas futures probed higher in early trading Friday. The August Nymex contract was up 3.2 cents to $3.720/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a…

July 9, 2021
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