PM Markets

Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…

April 19, 2021
As Temperatures Fall, Cash Prices Advance and May Natural Gas Futures Tread Water

As Temperatures Fall, Cash Prices Advance and May Natural Gas Futures Tread Water

Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed to increased heating demand through the second half of April. Near-record liquefied natural gas (LNG) levels continued to provide price support as well. But a sixth-straight day of gains proved elusive as traders took profits late in the…

April 14, 2021
Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was forecast to sweep across large swaths of the Lower 48, likely providing a boost for demand and cash prices. The May Nymex contract settled at $2.561/MMBtu, up 3.5 cents day/day. June climbed 3.8 cents to $2.643.…

April 12, 2021
Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Nymex Natural Gas Futures Crumble on Warming April Forecast; Cash Weakens Further

Natural gas futures took a dramatic fall after the Easter holiday weekend as weather forecasts shifted much warmer for the next couple of weeks. With April on pace to be warmer than normal, the May Nymex gas futures contract plunged 12.8 cents Monday to settle at $2.511/MMBtu. June fell 11.5 cents to $2.582. Spot gas…

April 5, 2021
Natural Gas Futures Forge Ahead as April Contract Rolls Off Board; Cash Prices Climb

Natural Gas Futures Forge Ahead as April Contract Rolls Off Board; Cash Prices Climb

Natural gas futures gained ground Monday. April closed out its run as the prompt month amid forecasts for light domestic demand but robust export volumes. The April Nymex contract settled at $2.586/MMBtu, up 2.9 cents day/day. May, which becomes the prompt month on Tuesday, advanced 3.4 cents to $2.653. NGI’s Spot Gas National Avg. gained…

March 29, 2021
April Natural Gas Futures Extend Gains as LNG Holds Strong, Cash Prices Advance

April Natural Gas Futures Extend Gains as LNG Holds Strong, Cash Prices Advance

Natural gas futures on Monday advanced for a second consecutive session, boosted by continued robust liquefied natural gas (LNG) levels. The April Nymex contract settled at $2.582/MMBtu, up 4.7 cents day/day. May gained 5.3 cents to $2.619. NGI’s Spot Gas National Avg. rose 4.0 cents to $2.310, with prices up across the Rocky Mountains region…

March 22, 2021
LNG Gains Prop Up April Natural Gas Futures; Cash Prices Drop

LNG Gains Prop Up April Natural Gas Futures; Cash Prices Drop

Natural gas futures on Tuesday found momentum as signs of sustained strength in liquefied natural gas (LNG) levels offset forecasts for mild weather and light heating demand.   The April Nymex contract settled at $2.562/MMBtu, up 7.8 cents day/day. May gained 7.4 cents to $2.597. On Monday, the prompt month dropped 11.6 cents and fell to…

March 16, 2021
Momentum Remains Elusive for April Natural Gas Futures, Cash Prices

Momentum Remains Elusive for April Natural Gas Futures, Cash Prices

Natural gas futures on Monday dropped further amid a diminished demand outlook, extending steady losses recorded over the first half of March. The April Nymex contract settled at $2.484/MMBtu, down 11.6 cents day/day. The prompt month has now lost ground eight of the past nine trading sessions. The May contract has declined in tandem. It…

March 15, 2021
Absent Demand Drivers, April Natural Gas Futures Falter Fourth Consecutive Day; Cash Prices Fall

Absent Demand Drivers, April Natural Gas Futures Falter Fourth Consecutive Day; Cash Prices Fall

Natural gas futures on Monday tumbled for a fourth straight day amid mild weather, demand uncertainty and steady production. The April Nymex contract settled at $2.664/MMBtu, down 3.7 cents day/day. May fell 4.1 cents to $2.698. Weak near-term weather demand also weighed on cash prices. NGI’s Spot Gas National Avg. shed 25.5 cents to $2.500.…

March 8, 2021
April Natural Gas Futures Eke Out Gain on Tail of Strong Cash Prices

April Natural Gas Futures Eke Out Gain on Tail of Strong Cash Prices

Natural gas futures on Monday hovered in a narrow range of gains and losses as traders weighed outlooks for mild spring weather and its dampening effect on domestic demand against a recovery in liquefied natural gas (LNG) levels. The April Nymex contract ultimately settled at $2.777/MMBtu, up six-tenths of a cent day/day, supported by strength…

March 1, 2021