NYMEX

Natural Gas Futures Weighed Down Early as Cold Seen Fading into December

Natural Gas Futures Weighed Down Early as Cold Seen Fading into December

A weak December heating demand outlook, set against a backdrop of robust production figures, continued to take a toll on natural gas futures heading into the front month expiry Tuesday. The expiring December Nymex contract was off 2.4 cents to $2.770/MMBtu as of 8:41 a.m. ET. January was trading at $2.934, down 1.2 cents. The…

November 28, 2023
January Natural Gas Plunges Below $3 on Booming Production, Mild December Weather

January Natural Gas Plunges Below $3 on Booming Production, Mild December Weather

A mild early December forecast and further evidence of surging domestic production combined to send natural gas futures tumbling early Monday as traders returned from the weekend break. After settling 4.2 cents lower on Black Friday, the December Nymex contract was off another 9.7 cents to $2.758/MMBtu as of 8:42 a.m. ET. January was down…

November 27, 2023
December Natural Gas Futures Rise After EIA Storage Withdrawal Steeper Than Expectations

December Natural Gas Futures Rise After EIA Storage Withdrawal Steeper Than Expectations

The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 7 Bcf of natural gas from storage for the week ended Nov. 17. The draw proved steeper than expectations and sent Nymex natural gas futures higher. December Nymex futures were trading marginally flat on the day at around $2.843/MMBtu ahead of the noon…

November 22, 2023
December Natural Gas Pares Losses Early as Traders Await Encore to Bearish Storage Data

December Natural Gas Pares Losses Early as Traders Await Encore to Bearish Storage Data

Natural gas futures probed modestly higher early Wednesday as traders awaited the latest government inventory data, a potentially pivotal follow-up to the decidedly bearish result from last week’s release. The December Nymex contract was up 3.2 cents to $2.878/MMBtu at around 8:42 a.m. ET. The December contract posted a fourth consecutive daily decline on Tuesday,…

November 22, 2023
Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher

Natural gas futures fell on Monday for a third session, undermined by tapped down demand forecasts for this week’s cold and production volumes near or at new all-time highs. The December Nymex natural gas futures contract settled at $2.882/MMBtu, down 7.8 cents from Friday’s settlement.  At A Glance: Prompt month falls for third session Production…

November 20, 2023
Natural Gas Futures Can’t Stop the Bleeding as Models Shed Demand Over Weekend

Natural Gas Futures Can’t Stop the Bleeding as Models Shed Demand Over Weekend

Milder trending forecasts, set against a backdrop of soaring supply estimates, saw natural gas futures continue to tumble lower in early trading Monday. The December drifted further below the $3.00/MMBtu level, down 6.8 cents to $2.892 at around 8:30 a.m. ET. NatGasWeather highlighted heating degree day (HDD) losses in the latest weather model runs to…

November 20, 2023
Natural Gas Futures Seesaw Overnight as Traders Brace for Double the Fun from EIA

Natural Gas Futures Seesaw Overnight as Traders Brace for Double the Fun from EIA

As the market prepared to price in two weeks of government inventory statistics to true up recent balance assessments, natural gas futures were trading close to even early Thursday, belying recent price swings. After dropping as low as $3.133/MMBtu and probing as high as $3.265 in after hours trade, the December Nymex contract hovered just…

November 16, 2023
Natural Gas Futures Advance Early as Market Eyes Late November Cold

Natural Gas Futures Advance Early as Market Eyes Late November Cold

As updated forecasts showed cold building for the eastern Lower 48 into the last week of November, natural gas futures advanced in early trading Wednesday. Coming off an up-and-down start to the week, the December Nymex contract was up 7.1 cents to $3.177/MMBtu at around 8:41 a.m. ET. Tuesday’s trading saw the front month finish…

November 15, 2023
Natural Gas Futures Trim Gains Early as Overnight Forecast Trends Said Mixed

Natural Gas Futures Trim Gains Early as Overnight Forecast Trends Said Mixed

Natural gas futures retreated in early trading Tuesday as overnight forecast trends eased back on cold expectations for later this month, though gains from the previous session were largely preserved. The December Nymex contract was down 1.9 cents to $3.178/MMBtu at around 8:47 a.m. ET after rallying 16.4 cents Monday. A mix of overnight forecast…

November 14, 2023
Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump

Natural Gas Futures Rally On Colder Shift in Forecasts; Cash Prices Jump

Natural gas futures found fresh footing Monday for the first time in six sessions, supported by a cold shift in late November forecasts, while bears eyed next opportunities with supply still ample and another potential disruption at the Freeport LNG facility in Texas. At A Glance: Prompt month ends five-session slide Production jumps near 106…

November 13, 2023
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