NYMEX

‘Extremely Cold’ Weather Models Said Volatile as Natural Gas Futures Climb Early

‘Extremely Cold’ Weather Models Said Volatile as Natural Gas Futures Climb Early

Bolstered by continued intense cold in the latest weather model runs, natural gas futures recovered some of their recent losses in early trading Monday. After slipping 7.2 cents on Friday, the March Nymex contract was up 4.1 cents to $2.904/MMBtu at around 8:50 a.m. ET. Noting run-to-run volatility in the major weather models, Bespoke Weather…

February 8, 2021
Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum

Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum

Massive snowstorms and intensifying frigid air in the coming weeks amped up the gains for natural gas forwards in the final days of January into early February. March prices averaged 19.0 cents higher for the period, while solid export demand seen this summer (April-October) lifted the strip an average 8.0 cents, according to NGI’s Forward…

February 5, 2021
‘Astonishingly Colder’ Weather Models Propel Natural Gas Futures to Early Rally

‘Astonishingly Colder’ Weather Models Propel Natural Gas Futures to Early Rally

As the latest round of weather data further increased heating demand expectations, showing intense cold on track to reach the Lower 48 over the next two weeks, natural gas futures surged higher in early trading Friday. The March Nymex contract was up 9.7 cents to $3.032/MMBtu at around 8:45 a.m. ET. As of early Friday…

February 5, 2021
Despite Impressive Cold in Forecasts, ‘No Difference’ in Natural Gas Futures Early

Despite Impressive Cold in Forecasts, ‘No Difference’ in Natural Gas Futures Early

Even as the latest forecasts continued to show impressively colder-than-normal temperatures reaching the Lower 48 over the next two weeks, natural gas futures traded stubbornly close to even early Thursday. The March Nymex contract was up 1.8 cents to $2.807/MMBtu at around 8:45 a.m. ET. After overnight runs from the major weather models the forecast…

February 4, 2021
Natural Gas Futures Down Slightly Early, but Weather Outlook Still ‘Very Cold’

Natural Gas Futures Down Slightly Early, but Weather Outlook Still ‘Very Cold’

Even as the latest weather models models maintained an intensely cold outlook for the first half of the month, natural gas futures remained largely unmoved in early trading Wednesday. The March Nymex contract was down 0.9 cents to $2.836/MMBtu at around 8:45 a.m. ET. The weather models added demand overnight compared to their midday runs…

February 3, 2021
Natural Gas Rally Continues Amid ‘Impressively Frigid’ Forecast

Natural Gas Rally Continues Amid ‘Impressively Frigid’ Forecast

With recent weather model runs flipping the script in dramatic fashion on a heretofore mild winter, natural gas futures continued rallying in early trading Tuesday. After roaring higher in Monday’s session, the March Nymex contract was up another 12.8 cents to $2.978/MMBtu at around 8:50 a.m. ET. The overnight American Global Forecast System (GFS) maintained…

February 2, 2021
Major Weekend Cold Shift for Models Propels Natural Gas Futures Sharply Higher Early

Major Weekend Cold Shift for Models Propels Natural Gas Futures Sharply Higher Early

Natural gas futures were soaring higher in early trading Monday after a bullish shift in forecasts over the weekend raised the prospect of upcoming cold reaching more populated areas of the eastern Lower 48. The March Nymex contract was up 19.5 cents to $2.759/MMBtu at around 8:45 a.m. ET. Over the weekend weather models increased…

February 1, 2021
Bitter Cold, Strong Export Demand Drive Big Gains for Natural Gas Forwards

Bitter Cold, Strong Export Demand Drive Big Gains for Natural Gas Forwards

With bone-chilling weather finally arriving in the Lower 48, the resulting surge in natural gas demand fueled massive gains across U.S. natural gas forward markets.  The February natural gas contract rolled off the board Wednesday at an average 22.0 cents higher than where it started the Jan. 21-27 period. The incoming prompt-month March contract jumped…

January 29, 2021
Natural Gas Futures Trade Close to Even Early as Analysts Digest ‘Disappointing’ EIA Print

Natural Gas Futures Trade Close to Even Early as Analysts Digest ‘Disappointing’ EIA Print

Natural gas futures hovered close to even early Friday as forecasts continued to favor frigid temperatures moving into parts of the Lower 48 next month, while analysts contemplated the implications of this week’s “disappointing” inventory data. The March Nymex contract was up 0.7 cents to $2.671/MMBtu at around 8:35 a.m. ET. As of early Friday…

January 29, 2021
European Model Trends Warmer as Natural Gas Futures Retreat Early

European Model Trends Warmer as Natural Gas Futures Retreat Early

Natural gas futures retreated early Thursday as one of the major weather models trended warmer, while upcoming government inventory data was expected to take a backseat to forecasts in terms of influencing future price action. The March Nymex contract was down 4.4 cents to $2.658/MMBtu at around 8:45 a.m. ET. Selling corresponded to changes in…

January 28, 2021