spot prices

October Natural Gas Futures Find Fresh Footing After EIA Print, Surge Close to $5.00

October Natural Gas Futures Find Fresh Footing After EIA Print, Surge Close to $5.00

Natural gas futures rebounded with vigor on Thursday, propelled by domestic and global supply challenges as the peak winter demand season looms. The October Nymex contract shot up 17.1 cents day/day and settled at $4.976/MMBtu. November jumped 18.8 cents to $5.043. At A Glance: Futures spike 17.1 cents EIA prints 76 Bcf storage injection Cash…

September 23, 2021
October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

September 20, 2021
Supply Worries, Strong Cash Prices Boost October Natural Gas Futures to 2021 High

Supply Worries, Strong Cash Prices Boost October Natural Gas Futures to 2021 High

Natural gas futures on Tuesday extended the ferocious rally launched a day earlier, hitting a high point for the year, as traders fixated on supply/demand imbalance concerns and cash prices continued to escalate. The October Nymex contract gained 2.9 cents day/day and settled at $5.260/MMBtu. A day earlier, the prompt month soared nearly 30 cents.…

September 14, 2021
Natural Gas Futures, Already Above $5.00, Could Soar Further Amid ‘Extreme Tightness’

Natural Gas Futures, Already Above $5.00, Could Soar Further Amid ‘Extreme Tightness’

Following a hot summer that fueled robust domestic cooling needs and strong demand for U.S. exports of liquefied natural gas (LNG), Henry Hub prices surged and could climb even higher this winter if the season is exceptionally cold and supplies of gas in storage prove perilously low. This was a key theme to emerge during…

September 14, 2021
Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

September 13, 2021
With Production Down and Storage Light, October Natural Gas Futures Sail Higher; Cash Climbs

With Production Down and Storage Light, October Natural Gas Futures Sail Higher; Cash Climbs

Natural gas futures on Thursday reached a 2021 high for a third straight session, bolstered by still weak production levels following Hurricane Ida and fresh government inventory data that punctuated worries about anemic storage supplies. At A Glance: Futures extend rally to three days EIA storage print proves bullish Production low in Ida’s wake The…

September 2, 2021
Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Ratings Inc. has substantially raised its Henry Hub and European natural gas price assumptions through 2022, citing “strong year-to-date prices, recovering demand and supply challenges.” “U.S. gas prices have…benefited from heightened weather-driven demand, as well as U.S. dry and associated gas production discipline,” the credit ratings analysts said, adding that liquefied natural gas (LNG)…

September 2, 2021
Natural Gas Futures Soar Again on Expectations for Paltry Storage Result, Prolonged Production Cuts in Ida’s Wake

Natural Gas Futures Soar Again on Expectations for Paltry Storage Result, Prolonged Production Cuts in Ida’s Wake

Natural gas futures jumped higher Wednesday, building on the prior day’s gains, as traders absorbed news of the production disruption imposed by Hurricane Ida and fixated on the specter of inadequate inventories ahead of winter. At A Glance: Futures hit fresh 2021 high Production remained precarious Storage concerns festered The October Nymex contract surged 23.8…

September 1, 2021
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short.  Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…

August 20, 2021
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