NYMEX

Natural Gas Sell-Off Continues as Market Mulls Bearish Storage Print, Tropical Cyclone

Natural Gas Sell-Off Continues as Market Mulls Bearish Storage Print, Tropical Cyclone

Natural gas futures continued to slide early Friday, falling below the $7 mark as traders and analysts continued to mull the implications of a larger-than-expected weekly inventory build. The October Nymex contract was down 15.6 cents to $6.933/MMBtu at around 8:55 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 103 Bcf injection…

September 23, 2022
Natural Gas Futures Slide Early as Market Eyes Plump Storage Build, Tropical Disturbance

Natural Gas Futures Slide Early as Market Eyes Plump Storage Build, Tropical Disturbance

Natural gas futures retreated in early trading Thursday as the market looked ahead to a potentially larger-than-average injection in the latest weekly government inventory report. The October Nymex contract was down 9.6 cents to $7.683/MMBtu as of around 8:45 a.m. ET. Following an up-and-down session Wednesday as markets digested news of Russia’s plans to call…

September 22, 2022
As Russia Signals Escalation in War Effort, Natural Gas Futures Rally Early

As Russia Signals Escalation in War Effort, Natural Gas Futures Rally Early

Against a backdrop of broader energy market anxieties over a potential escalation in the conflict in Ukraine, natural gas futures rallied in early trading Wednesday. The October Nymex contract was up 23.0 cents to $7.947/MMBtu as of around 8:45 a.m. ET. West Texas Intermediate front month crude oil futures were trading $1.02 higher at $84.96/bbl.…

September 21, 2022
Natural Gas Futures Called Slightly Higher as Estimates Show Production Dip

Natural Gas Futures Called Slightly Higher as Estimates Show Production Dip

With downward momentum appearing to slow in the previous session, natural gas futures were trading close to even early Tuesday, bolstered somewhat by a temporary dip in production volumes. The October Nymex contract was up 2.1 cents to $7.773/MMBtu as of around 8:40 a.m. ET. The front month dipped as low as $7.404 in Monday’s…

September 20, 2022
Lingering Storage Deficits, Cooling Demand Push Natural Gas Forwards Prices Higher

Lingering Storage Deficits, Cooling Demand Push Natural Gas Forwards Prices Higher

Regional natural gas forwards prices rallied sharply during the Sept. 8-14 trading period, coinciding with a surge in the futures market amid apparent market speculation over impacts to power burns from a potential railroad strike, NGI’s Forward Look data show. Also bolstered by lingering storage deficits and a bout of late-season cooling demand expected for…

September 16, 2022
Natural Gas Futures Extend Losses Early Following Looser Storage Print, Averted Railroad Strike

Natural Gas Futures Extend Losses Early Following Looser Storage Print, Averted Railroad Strike

With traders still mulling the implications of a larger-than-expected storage print, and with the market continuing to recalibrate following recent reports of a deal to avert a railroad strike, natural gas futures extended their losses in early trading Friday. The October Nymex contract was down 16.0 cents to $8.164/MMBtu at around 8:45 a.m. ET. The…

September 16, 2022
Fading Threat of Railroad Strike Seen Driving Early Natural Gas Sell-Off

Fading Threat of Railroad Strike Seen Driving Early Natural Gas Sell-Off

Natural gas futures reversed sharply lower early Thursday as reports of a tentative labor agreement removed the looming threat of major rail system disruptions. After jumping 83.0 cents higher in the previous session, the October Nymex contract was off 55.5 cents to $8.559/MMBtu at around 8:50 a.m. ET. The steep sell-off came amid reports early…

September 15, 2022
Natural Gas Futures Extend Rally Early as Forecasts Maintain Late-Season Heat

Natural Gas Futures Extend Rally Early as Forecasts Maintain Late-Season Heat

With the market left to contemplate lingering cooling demand and stubborn storage deficits, natural gas futures continued to push higher in early trading Wednesday. The October Nymex contract was up 29.3 cents to $8.577/MMBtu at around 8:45 a.m. ET. The weather outlook underwent only small adjustments based on the overnight data, continuing to show widespread…

September 14, 2022
Natural Gas Futures Continue Higher Amid Late-Season Heat, Production Dip

Natural Gas Futures Continue Higher Amid Late-Season Heat, Production Dip

With updated estimates showing a dip in production, and with forecasts signaling stronger late-season cooling demand, natural gas futures extended their recent gains in early trading Tuesday. Coming off a 25.3-cent rally in Monday’s session, the October Nymex contract was up 7.8 cents to $8.327/MMBtu at around 8:50 a.m. ET. After probing as low as…

September 13, 2022
Natural Gas Futures Extend Win Streak Amid Lingering Domestic, Global Supply Concerns

Natural Gas Futures Extend Win Streak Amid Lingering Domestic, Global Supply Concerns

Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…

September 12, 2022
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