storage

Light Storage Injection Fuels Surge in August Natural Gas Futures

Light Storage Injection Fuels Surge in August Natural Gas Futures

A modest storage injection eased containment concerns and overshadowed worries imposed by the coronavirus pandemic The EIA reported an injection of 37 Bcf that served as evidence that robust summer heat is driving strong cooling demand Spot prices advanced alongside continued lofty temperatures August natural gas futures advanced on Thursday as a modest storage injection…

July 24, 2020
Storage Report Points to Tightening Balance, Igniting August Natural Gas Futures Rally

Storage Report Points to Tightening Balance, Igniting August Natural Gas Futures Rally

August natural gas futures advanced on Thursday as a modest storage injection eased containment concerns and overshadowed worries imposed by the ongoing coronavirus pandemic. The August Nymex contract climbed 10.4 cents day/day and settled at $1.796/MMBtu. September rose 11.7 cents to $1.843.  NGI’s Spot Gas National Avg. was up 1.0 cent to $1.610. The Energy…

July 23, 2020
Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

In an ominous sign of what may evolve to the end of the year, scorching heat across most of the country failed to spark a rally in natural gas forward prices for the July 16-22 period, according to NGI’s Forward Look. Instead, persistently weak global exports and continued uncertainty over the level of economic recovery…

July 23, 2020
Calls for Bullish Storage Report Prop Up August Natural Gas Futures

Calls for Bullish Storage Report Prop Up August Natural Gas Futures

U.S. EIA reports an injection of 37 Bcf into storage for the week ending July 17, marking the fourth consecutive week of double-digit builds Mounting coronavirus cases continue to weigh on domestic industrial gas demand and U.S. exports Traders shrugged off early weather concerns Wednesday and nudged August natural gas futures higher as major polls…

July 23, 2020
Light Storage Injection Drives August Natural Gas Futures Higher

Light Storage Injection Drives August Natural Gas Futures Higher

The U.S. Energy Information Administration (EIA) reported an injection of 37 Bcf into storage for the week ending July 17, marking the fourth consecutive week of double-digit builds and pushing Nymex natural gas futures higher. Ahead of the report, the August contract was up seven-tenths of a cent at $1.688/MMBtu. The prompt month declined slightly…

July 23, 2020
Kinder Morgan Progressing Key Natural Gas, Export Projects

Kinder Morgan Progressing Key Natural Gas, Export Projects

The double whammy of Covid-19 and an oil market downturn resulted in stinging declines on the Kinder Morgan Inc. (KMI) pipeline network, but the midstream giant reported a fair share of green shoots during a second quarter earnings call. Houston-based KMI on Wednesday reported higher natural gas transport volumes year/year and said nearly all of…

July 23, 2020
August Natural Gas Futures Find Momentum Amid Expectations for Lower Storage Build

August Natural Gas Futures Find Momentum Amid Expectations for Lower Storage Build

Traders shrugged off early weather concerns Wednesday and nudged August natural gas futures higher as major polls showed expectations for a positive storage injection report that would reflect improved supply/demand balance. The August Nymex contract rose six-tenths of a cent day/day and settled at $1.681/MMBtu. September climbed four-tenths of a cent to $1.718.  NGI’s Spot…

July 22, 2020
August Natural Gas Futures Recover Ground Amid Cooling Demand Expectations, Signs of LNG Improvement

August Natural Gas Futures Recover Ground Amid Cooling Demand Expectations, Signs of LNG Improvement

August natural gas futures gathered momentum on Tuesday, buoyed by expectations for strong near-term cooling demand and new indications that U.S. exports could recover later in 2020. The August Nymex contract climbed 3.4 cents day/day and settled at $1.675/MMBtu. September gained 3.0 cents to $1.714.  NGI’s Spot Gas National Avg. lost a half-cent to $1.615.…

July 21, 2020
August Natural Gas Futures Dive Lower Following Forecasts for Easing Heat Intensity

August Natural Gas Futures Dive Lower Following Forecasts for Easing Heat Intensity

Absent other demand catalysts, a modest pullback in the intensity of heat expected by forecasters was enough to push down August natural gas futures on Monday as coronavirus concerns and worries about meager export levels lingered. The August Nymex contract declined 7.7 cents day/day and settled at $1.641/MMBtu. Futures were off more than 10 cents…

July 20, 2020
Imbalance Concerns Stall August Natural Gas Futures

Imbalance Concerns Stall August Natural Gas Futures

Worry about coronavirus fallout and weak liquefied natural gas exports weighed on markets Friday The potential for premature production increases permeated markets Forecasters continue to call for above-normal July heat and strong cooling demand Persistent concerns about coronavirus fallout, weak liquefied natural gas (LNG) exports and potentially premature production increases weighed on markets Friday, outshining…

July 20, 2020