storage

January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike

Natural gas futures climbed Monday as more intense winter weather loomed and forecasters predicted colder temperatures over the first half of December, increasing the likelihood of greater heating demand. The January Nymex contract rose 3.9 cents day/day to settle at $2.882/MMBtu after taking over as the prompt month following the Thanksgiving holiday. February advanced 3.3…

November 30, 2020
December Natural Gas Futures Finish Week on a High Note After EIA Reports Decrease in Storage

December Natural Gas Futures Finish Week on a High Note After EIA Reports Decrease in Storage

Futures rallied throughout the abbreviated trading week EIA reported a pull of 18 Bcf from gas storage The first third of December could be slightly colder than norms With forecasts hinting at the potential for colder temperatures to move into the United States around the middle of December, natural gas futures rebounded in early trading…

November 30, 2020
Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

In a choppy and abbreviated week of trading influenced by shifting weather patterns and demand uncertainty, weekly cash prices ultimately posted a slight loss. NGI’s Weekly Spot Gas National Avg. for the Nov. 23-25 period declined a half-cent to $2.325. The market week was shortened to three days due to the Thanksgiving holiday. Natural gas…

November 25, 2020
December Natural Gas Futures Fly Higher Following Storage Withdrawal; Spot Prices Falter

December Natural Gas Futures Fly Higher Following Storage Withdrawal; Spot Prices Falter

Natural gas futures rallied a third consecutive day in the short holiday week, as markets digested a storage decrease and hints of stronger demand before the December contract rolled off the board as the prompt month at the close of trading Wednesday. The December Nymex contract jumped 12.1 cents day/day to settle at $2.896/MMBtu. January…

November 25, 2020
December Natural Gas Futures Rebound as EIA Reports On-Par Storage Withdrawal

December Natural Gas Futures Rebound as EIA Reports On-Par Storage Withdrawal

The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 18 Bcf from natural gas storage for the week ended Nov. 20, led by a relatively large pull in the East. The result was roughly on par with expectations set by major polls, and Nymex natural gas futures rebounded on the news. Ahead…

November 25, 2020
December Natural Gas Futures Post Third-Straight Gain; Spot Prices Sputter

December Natural Gas Futures Post Third-Straight Gain; Spot Prices Sputter

Weather forecasts held on to slightly cooler expectations LNG and production levels were both strong Cash prices were led lower by drops in the Northeast Natural gas futures posted a modest gain Tuesday, marking a third consecutive day of advances as traders contemplated a mixed weather outlook and wide-ranging expectations for this week’s early storage…

November 25, 2020
December Natural Gas Futures Climb Ahead of Early Storage Report, December Expiry; Spot Prices Advance

December Natural Gas Futures Climb Ahead of Early Storage Report, December Expiry; Spot Prices Advance

Liquefied natural gas levels held strong Production also remained at high levels Weather and the pandemic were wildcards Natural gas futures climbed higher Monday as export levels held strong, prospects for weather-driven demand improved slightly and continued positive news on the coronavirus vaccine front bolstered confidence across markets. The December Nymex contract gained 6.1 cents…

November 24, 2020
December Natural Gas Futures Bounce Back, Finish Week in the Green

December Natural Gas Futures Bounce Back, Finish Week in the Green

Despite strong production levels and festering weather worries, natural gas futures recovered some ground on Friday, as traders saw a buying opportunity after the prompt month shed 12 cents a day earlier and reached its lowest level of the fall months. Futures have in November struggled to maintain momentum amid forecasts for unseasonably warm weather,…

November 20, 2020
December Natural Gas Futures Drop After Bearish Storage Injection Punctuates Weather Worries

December Natural Gas Futures Drop After Bearish Storage Injection Punctuates Weather Worries

A higher-than-expected storage injection weighed down futures Weak weather-driven demand persisted for another session LNG volumes held strong, but so too did production Weak weather-driven demand and a higher-than-expected storage injection weighed down natural gas futures on Thursday. The December Nymex contract shed 12.0 cents day/day and settled at $2.592/MMBtu. January fell 11.8 cents to…

November 20, 2020
LNG Rebound Still Fragile as European Storage, Winter Weather Patterns Remain Wildcards

LNG Rebound Still Fragile as European Storage, Winter Weather Patterns Remain Wildcards

Goldman Sachs Commodities Research analysts this week reiterated their belief that last summer was “the peak of the current bearish cycle in global gas markets,” saying in a forecast that they expect tighter conditions in Asia, Europe and the United states through next year. Goldman analysts said they see this year’s bearish drivers “largely reversing”…

November 19, 2020
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