NYMEX

Natural Gas Futures Plunge Early, but Upside Still Seen for Prices

Natural Gas Futures Plunge Early, but Upside Still Seen for Prices

Volatile natural gas futures were trading sharply lower early Friday amid a cooling weather outlook, though analysts continued to see upside risks for prices. The June Nymex contract was down 27.7 cents to $8.031/MMBtu at around 8:50 a.m. ET. July was off 27.8 cents to $8.122.  Forecast trends were cooler day/day, with changes focused on…

May 20, 2022
Natural Gas Futures Pull Back as Weaker Early June Heat Potential ‘Disappointment’ for Bulls

Natural Gas Futures Pull Back as Weaker Early June Heat Potential ‘Disappointment’ for Bulls

As overnight modeling weakened heat expectations for key markets heading into early June, natural gas futures pulled back early Thursday ahead of the latest government inventory report. The June Nymex contract was down 26.9 cents to $8.099/MMBtu at around 8:50 a.m. ET. July was off 26.7 cents to $8.188. For the latest Energy Information Administration…

May 19, 2022
Production Declines Keep Skittish Market on Edge as Natural Gas Futures Rally Early

Production Declines Keep Skittish Market on Edge as Natural Gas Futures Rally Early

Natural gas futures were rallying early Tuesday as a drop in the latest production estimates added to the concerns of a market already skittish over supply adequacy heading into the summer cooling season.  The June Nymex contract was up 35.1 cents to $8.307/MMBtu at around 8:45 a.m. ET. July was up 34.3 cents to $8.396.…

May 17, 2022
Natural Gas Futures Rebound Amid Smoldering Supply/Demand Imbalance Threats

Natural Gas Futures Rebound Amid Smoldering Supply/Demand Imbalance Threats

Following a loss last week, natural gas futures bounced back on Monday as traders mulled reports of robust power burns and lighter production. The June Nymex contract gained 29.3 cents day/day and settled at $7.956/MMBtu. July rose 28.8 cents to $8.053. The prompt month had closed lower Friday and shed 5% the past week. NGI’s…

May 16, 2022
Heat Seen Driving Strong Power Burns Over Weekend as Natural Gas Climbs Early

Heat Seen Driving Strong Power Burns Over Weekend as Natural Gas Climbs Early

With conditions seen favoring robust cooling demand heading into the summer, natural gas futures climbed in early trading Monday. The June Nymex contract was up 16.9 cents to $7.832/MMBtu at around 8:40 a.m. ET. July was up 17.2 cents to $7.937. Strong power generation demand recently, driven by heat in the southern Lower 48 and…

May 16, 2022
June Natural Gas Called Lower Ahead of Latest EIA Report

June Natural Gas Called Lower Ahead of Latest EIA Report

Natural gas futures pulled back in early trading Thursday as the market awaited the release of updated government inventory data, expected to show a build in line with historical norms. The June Nymex contract was down 17.3 cents to $7.467/MMBtu at around 8:50 a.m. ET. Surveys suggest the Energy Information Administration (EIA) will reveal a…

May 12, 2022
‘Head-Spinning’ Natural Gas Futures Climb Early as Strong Heat Forecast for South

‘Head-Spinning’ Natural Gas Futures Climb Early as Strong Heat Forecast for South

In a continuation of recent outsized volatility, natural gas futures surged higher in early trading Wednesday as analysts pointed to strong heat in the southern Lower 48 as a possible bullish catalyst. The June Nymex contract was up 23.9 cents to $7.624/MMBtu at around 8:45 a.m. ET. Recent price moves have been particularly “head-spinning,” according…

May 11, 2022
June Natural Gas Called Slightly Lower Amid ‘Unsettling Volatility’

June Natural Gas Called Slightly Lower Amid ‘Unsettling Volatility’

Belying volatile after-hours price action, natural gas futures were trading a few cents lower early Monday as analysts observed bearish short-term trends in weather-driven demand and production. The June Nymex contract was down 7.2 cents to $7.971/MMBtu at around 8:50 a.m. ET. Recent price action has been marked by “unsettling volatility,” according to EBW Analytics…

May 9, 2022
Natural Gas Forwards Rally Continues, but ‘Feast or Famine’ Open May Lie Ahead

Natural Gas Forwards Rally Continues, but ‘Feast or Famine’ Open May Lie Ahead

Natural gas forward prices made huge leaps during the period ending May 4 as production struggled to grow beyond recent levels and heat began to intensify in parts of the country. With hefty storage deficits poised to hold steady for a while longer, June fixed prices rallied by an average $1.57/MMBtu, according to NGI’s Forward…

May 6, 2022
Production Estimates Seen Moving Higher as Natural Gas Futures Pull Back Early

Production Estimates Seen Moving Higher as Natural Gas Futures Pull Back Early

Amid indications of recovering production levels, natural gas futures pared their recent gains in early trading Friday. Coming off a 36.8-cent rally in the previous session, the June Nymex contract was off 16.2 cents to $8.621/MMBtu at around 8:50 a.m. ET. Weather and production trends appeared less bullish heading into Friday’s trading, according to Bespoke…

May 6, 2022
‹ Previous 1 2 3 958