storage

August Natural Gas Futures Make Soft Landing at Front of Curve Despite Bullish Backdrop

August Natural Gas Futures Make Soft Landing at Front of Curve Despite Bullish Backdrop

Nymex natural gas futures, led now by the August contract, failed to hold onto early price gains amid weakening demand ahead of the holiday weekend. The August Nymex futures contract settled at $6.498/MMBtu, down 7.2 cents on the day. September futures slipped 6.4 cents to $6.493. At A Glance: Models still point to hot July…

June 29, 2022
EU Countries Face Market Realities of Restocking Natural Gas After 80% Storage Rule

EU Countries Face Market Realities of Restocking Natural Gas After 80% Storage Rule

With an official natural gas storage plan by the European Union (EU) in hand, member countries are bearing down on filling reserves while the market keeps a wary eye on volumes from Russia and U.S. liquefied natural gas (LNG) producers. The European Commission (EC) solidified on Monday a plan that directs storage facilities in member…

June 28, 2022
Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report

Brutal Heat Sends Natural Gas Futures Up Ahead of Potentially Disappointing Storage Report

Natural gas futures continued to bounce around like a pogo stick, with bulls buying the early dip in Wednesday’s trading session and near-term heat fueling the rally. The July Nymex gas futures contract settled at $6.858/MMBtu, up 5.0 cents on the day. August futures climbed 8.9 cents to $6.872. Spot gas prices were mostly higher…

June 22, 2022
Ukraine Banning Energy Exports, Collaborating with U.S. on LNG Imports

Ukraine Banning Energy Exports, Collaborating with U.S. on LNG Imports

In the midst of a 100-day-plus war, Ukraine is preparing for the next heating season with proposed plans to secure large volumes of liquified natural gas (LNG) from the United States. Ukraine’s President Volodymyr Zelensky said the government has begun solidifying plans for winter storage and boosting electricity production. Ukraine also plans to end all…

June 14, 2022
Freeport LNG Blast Rocks Natural Gas Futures, but Cash Still Climbing on Scorching Heat

Freeport LNG Blast Rocks Natural Gas Futures, but Cash Still Climbing on Scorching Heat

Although the long-term implications were still unknown, news of an explosion at the Freeport liquefied natural gas (LNG) terminal on the Texas coast took a hatchet to natural gas futures midweek. The July Nymex gas futures contract – up about 30 cents at midday and not far off the $9.664/MMBtu intraday high – plummeted as…

June 8, 2022
Henry Hub to Average $8.69 in 3Q2022 Amid Strong Demand, Lagging Storage, EIA Predicts

Henry Hub to Average $8.69 in 3Q2022 Amid Strong Demand, Lagging Storage, EIA Predicts

As lagging storage inventories and robust demand pressure prices higher, Henry Hub natural gas spot prices will average $8.69/MMBtu in the third quarter, updated Energy Information Administration (EIA) projections show. Amid rising domestic production by next year, the national benchmark price should retreat to $4.74 in 2023, the agency said in the June edition of…

June 7, 2022
As Market Watches for Signs of Summer Heat, Natural Gas Forwards Retreat

As Market Watches for Signs of Summer Heat, Natural Gas Forwards Retreat

Having entered the summer cooling season at sharply elevated price levels, natural gas forwards pulled back during the May 25-June 1 trading period as the market continued to try to price in risks posed by lagging domestic inventories, according to NGI’s Forward Look. Fixed price declines of around 25-45 cents for July delivery were the…

June 3, 2022
Natural Gas Futures, Cash Prices Advance Third Straight Day

Natural Gas Futures, Cash Prices Advance Third Straight Day

Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: Maintenance further curbs output LNG volumes muster momentum Hot weather drives steady demand The June Nymex gas futures…

May 18, 2022
Natural Gas Futures Forge Ahead as Production Woes Fester

Natural Gas Futures Forge Ahead as Production Woes Fester

With production light and demand steady, natural gas futures on Friday cruised higher for the fourth time in five sessions. The June Nymex gas futures contract settled at $7.244/MMBtu, up 35.6 cents day/day. July advanced 36.1 cents to $7.355. NGI’s Spot Gas National Avg. shed 2.5 cents to $6.545, though prices were up across the…

April 29, 2022
Aggressive Bulls Smash the Close, Send May Natural Gas Futures Expiring 41 Cents Higher

Aggressive Bulls Smash the Close, Send May Natural Gas Futures Expiring 41 Cents Higher

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. The…

April 27, 2022
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