storage

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
Weekly Natural Gas Prices Stumble as Heat Outlook Eases

Weekly Natural Gas Prices Stumble as Heat Outlook Eases

Spot natural gas prices sputtered slightly over the course of the past week, as forecasts turned modestly cooler. NGI’s Weekly Spot Gas National Avg. lost 4.5 cents to $1.685 for the July 13-17 trading period. While the heat outlook eased to start the week, losses were minimal as the week wore on with forecasters continuing…

July 17, 2020
Under Shadow of Coronavirus, LNG Woes Weigh Down August Natural Gas Futures Despite Positive Storage Report

Under Shadow of Coronavirus, LNG Woes Weigh Down August Natural Gas Futures Despite Positive Storage Report

A favorable storage report was overshadowed on Thursday by a coronavirus resurgence and its potential to keep liquefied natural gas (LNG) exports at depressed levels. The August Nymex contract lost 5.5 cents day/day and settled at $1.723/MMBtu. September fell 4.2 cents to $1.776. NGI’s Spot Gas National Avg. advanced 1.0 cents to $1.680. The U.S.…

July 16, 2020
Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Natural Gas Forwards Hit ‘Neutral’ as Heat, Storage Fail to Inspire Rally

Coming off a sharp surge from the prior week, natural gas forwards sputtered a bit during the July 9-15 period as spiking coronavirus cases across the United States threatened continued economic and energy demand recovery, according to NGI’s Forward Look. Meanwhile, higher oil prices have incentivized producers to return to the oil patch, resulting in…

July 16, 2020
Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report

Natural Gas Futures Edge Up Amid Expectations for Bullish Storage Report

BREAKING: U.S. EIA reports an injection of 45 Bcf into storage for the week ending July 10 Liquefied natural gas remains an area of weakness as the coronavirus pandemic extends deep into the summer But natural gas pipeline exports to Mexico are a relative bright spot, hitting daily record levels Natural gas futures advanced Wednesday…

July 16, 2020
Nearly In-Line Storage Injection Nudges July Natural Gas Futures Higher

Nearly In-Line Storage Injection Nudges July Natural Gas Futures Higher

The U.S. Energy Information Administration (EIA) reported an injection of 45 Bcf into storage for the week ending July 10, a print that reflected intense heat and robust cooling demand. The result pushed up Nymex natural gas futures, though early gains were modest amid lingering concerns about weak liquefied natural gas (LNG) demand. The build…

July 16, 2020