storage

Natural Gas Bulls Send September Futures to Fresh High; Cash Strength Continues

Natural Gas Bulls Send September Futures to Fresh High; Cash Strength Continues

One day after posting the largest single-day gain in the last year and a half, natural gas futures moved another leg higher, surging past the long-term high established earlier this year. September Nymex gas settled Tuesday at $2.193, up 9.2 cents from Monday’s close. October rose 9.5 cents to $2.334. Spot gas prices also continued…

August 4, 2020
Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

Lofty summer heat in July, with forecasts for more by mid-August, should further ease pressure on storage injection levels as industrial energy demand shows signs of increasing and global economies emerge from coronavirus-imposed lockdowns, BofA Global Research analysts said. Analysts including Peter Helles said gas had reached a “turning point,” and they also anticipate European…

August 4, 2020
Natural Gas Futures Post Jaw-Dropping 30-Cent Gain; Cash Strong Too

Natural Gas Futures Post Jaw-Dropping 30-Cent Gain; Cash Strong Too

In a shocking move that appears to be based on more than pure fundamentals, natural gas futures surged as much as 35.5 cents on Monday, busting out of their previous trading range and closing nearly 17% higher than Friday. The September contract reached a $2.154/MMBtu intraday high before going on to settle at $2.101, up…

August 3, 2020
Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures

Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures

Temperatures in many parts of the Lower 48 are expected to cool down in the coming week Hurricane Isaias could further weaken energy demand Continued spread of the coronavirus dampened sources of demand outside of weather   September natural gas futures on Friday declined for a second day in a row as summer heat was…

August 3, 2020
Alternative Energy, Social Responsibility in Focus for Scaled-Down Dominion

Alternative Energy, Social Responsibility in Focus for Scaled-Down Dominion

After scuttling the Atlantic Coast Pipeline and selling off natural gas transmission and storage assets, Dominion Energy Inc. is ready to get the word out about its strategic repositioning. With a narrowed focus on state-regulated utility operations, which are expected to account for 85-90% of Dominion’s operating earnings going forward, the Richmond, VA-based company has…

August 3, 2020
September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations

September Natural Gas Futures Dive Lower Following Storage Report And Eased Heat Expectations

The U.S. EIA reported an injection of 26 Bcf natural gas storage for the week ending July 24 Forecasts shifted further cooler for early August Concerns simmered about liquefied natural gas exports September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as…

July 31, 2020
September Natural Gas Futures Slump After Storage Report, Cooler Weather Forecasts

September Natural Gas Futures Slump After Storage Report, Cooler Weather Forecasts

September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as fall approaches. In its first trading day on the books as the prompt month, the September Nymex contract shed 10.1 cents day/day and settled at $1.829/MMBtu. October fell 8.8 cents to $1.991. …

July 30, 2020
With Light Storage Injection Expected and Mexican Exports Strong, August Natural Gas Futures Extend Upward March

With Light Storage Injection Expected and Mexican Exports Strong, August Natural Gas Futures Extend Upward March

BREAKING: U.S. EIA reports injection of 26 Bcf into storage for week ending July 24, slightly above expectations U.S. pipeline supply to Mexico reached record highs in July August natural gas futures climbed higher for a second consecutive day as storage capacity concerns eased and traders adjusted positions ahead of the September contract becoming the…

July 30, 2020
North American Midstreamers Enterprise, Enbridge Find Success Beyond Liquids in Strong Quarterly Results

North American Midstreamers Enterprise, Enbridge Find Success Beyond Liquids in Strong Quarterly Results

The diversified systems of two of North America’s largest midstream companies were positioned for a solid second quarter in which lower oil volumes were partially offset by strength in natural gas, natural gas liquids (NGL) and storage. Enterprise Products Partners LP (EPD) and Enbridge Inc. reported second quarter results on Wednesday, with each company highlighting…

July 30, 2020
Storm, Cooler Forecasts Chill August Natural Gas Futures

Storm, Cooler Forecasts Chill August Natural Gas Futures

August natural gas futures lost momentum on Monday, as storm activity in the Gulf of Mexico (GOM) ushered in milder temperatures through parts of the central United States and national forecasts shifted cooler. The August Nymex contract fell 7.4 cents day/day and settled at $1.734/MMBtu. September declined 8.1 cents to $1.786. NGI’s Spot Gas National…

July 27, 2020
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