PM Markets

Natural Gas Futures Dive Lower as Demand Becoming More Difficult to Gauge

Natural Gas Futures Dive Lower as Demand Becoming More Difficult to Gauge

Natural gas futures gave up ground on Tuesday as markets weighed a mixed weather outlook and new data pointing to both increased production and demand for U.S. liquefied natural gas (LNG) as the industry recovers from the impacts of Hurricane Laura. The October Nymex contract settled at $2.400/MMBtu, down 18.8 cents day/day. November declined 9.5…

September 8, 2020
October Natural Gas Futures Tread Water Following Modest Storage Injection

October Natural Gas Futures Tread Water Following Modest Storage Injection

Natural gas futures broke even Thursday as markets looked past improved U.S. liquefied natural gas (LNG) export demand and a light storage report to the expected onset of fall weather, eased cooling demand and the likelihood of more robust stockpile injections in coming weeks. The October Nymex contract inched up one-tenth of a cent day/day…

September 3, 2020
LNG Jitters Send Natural Gas Futures Plunging; Louisiana Power Restoration Possibly Weeks Away

LNG Jitters Send Natural Gas Futures Plunging; Louisiana Power Restoration Possibly Weeks Away

After another day of low liquefied natural gas (LNG) demand, natural gas futures buckled in a big way Tuesday as the continuation of weak exports and cool September outlook pressured the market. The October Nymex gas futures contract dropped 10.3 cents to settle at $2.527. November fell a much more modest 1.9 cents to $2.901.…

September 1, 2020
After Early Tumble, Aggressive Buying Trims Losses for Natural Gas Futures, but LNG Demand Still Weak

After Early Tumble, Aggressive Buying Trims Losses for Natural Gas Futures, but LNG Demand Still Weak

What initially appeared to be a substantial retracement for natural gas futures ultimately turned out to be a much smaller pullback to start the week. After bouncing off a $2.497/MMBtu intraday low, the October Nymex gas futures contract settled Monday at $2.630, off only 2.7 cents from Friday’s close. November finished four-tenths of a cent…

August 31, 2020
Natural Gas Futures Slip as Laura Threatens to Crush Demand; Cash Softens

Natural Gas Futures Slip as Laura Threatens to Crush Demand; Cash Softens

Natural gas traders were on high alert Tuesday as Hurricane Laura churned toward the Gulf Coast, with impacts to supply and demand reverberating across the market ahead of the storm’s projected landfall late Wednesday or early Thursday. Volatility was on full display, with the September Nymex gas futures plunging to an early $2.451 intraday low…

August 25, 2020
Storm-Related Production Decline Boosts Natural Gas Futures; Rally Seen ‘Getting Out of Hand’

Storm-Related Production Decline Boosts Natural Gas Futures; Rally Seen ‘Getting Out of Hand’

Natural gas futures jumped as much as 10 cents to start the week, supported by a steep drop in production ahead of two tropical systems moving through the Gulf of Mexico (GOM). The September Nymex gas futures contract surged to a $2.554 intraday high before settling Monday at $2.513, up 6.5 cents from Friday’s close.…

August 24, 2020
Natural Gas Futures Retreat After ‘Too Much, Too Fast’ Climb; California Cash Still Declining

Natural Gas Futures Retreat After ‘Too Much, Too Fast’ Climb; California Cash Still Declining

It took some convincing, but traders have woken up to the incredible looseness still penetrating the natural gas market. After a bearish storage report, the September Nymex gas futures contract dropped 7.4 cents to $2.352. October fell 6.0 cents to $2.503. Spot gas prices also were mostly lower, with steep decreases continuing to be seen…

August 20, 2020
Nymex Natural Gas Futures Flat as Traders Mull Stronger Exports, Ballooning Storage

Nymex Natural Gas Futures Flat as Traders Mull Stronger Exports, Ballooning Storage

After pushing above $2.40/MMBtu, natural gas futures steadied a bit Wednesday as traders looked ahead to the newest government storage data for further direction. The September Nymex gas futures contract settled at $2.426, up nine-tenths of a cent from Tuesday’s close. October nudged 0.007 cents higher to $2.563. Spot gas prices were mixed as the…

August 19, 2020
Storage Containment Risks Still in Play as Natural Gas Futures Retreat; California Sizzles

Storage Containment Risks Still in Play as Natural Gas Futures Retreat; California Sizzles

After another surprising rally at the end of last week, natural gas futures tapped the brakes Monday as traders appeared less confident in avoiding a storage inventory crunch ahead of winter. The September Nymex gas futures contract hit a $2.396 intraday high before settling the day at $2.339, off 1.7 cents from Friday’s close. October…

August 17, 2020
Natural Gas Futures Churn Out Small Gain After ‘Neutral’ EIA Storage Report

Natural Gas Futures Churn Out Small Gain After ‘Neutral’ EIA Storage Report

The U.S. government’s latest storage data failed to inspire a large deviation of the previous day’s trading range, leaving September Nymex natural gas futures only 3.0 cents higher day/day at $2.182. October climbed 2.7 cents to $2.324. Spot gas prices were mostly higher except on the East Coast, resulting in a 7.5-cent increase for NGI’s…

August 13, 2020