tropical storm nicholas

Supply Worries, Strong Cash Prices Boost October Natural Gas Futures to 2021 High

Supply Worries, Strong Cash Prices Boost October Natural Gas Futures to 2021 High

Natural gas futures on Tuesday extended the ferocious rally launched a day earlier, hitting a high point for the year, as traders fixated on supply/demand imbalance concerns and cash prices continued to escalate. The October Nymex contract gained 2.9 cents day/day and settled at $5.260/MMBtu. A day earlier, the prompt month soared nearly 30 cents.…

September 14, 2021
Tropical Storm Nicholas Shuts Down Freeport LNG, Threatens Other U.S. Export Terminals — LNG Recap

Tropical Storm Nicholas Shuts Down Freeport LNG, Threatens Other U.S. Export Terminals — LNG Recap

Tropical Storm Nicholas, which moved onshore Texas early Tuesday, has temporarily shut down the Freeport liquefied natural gas (LNG) terminal south of Houston, and is projected to sweep over all of the Gulf Coast’s major export facilities in the coming days. The storm’s turn toward Louisiana may threaten exports at a time when the global…

September 14, 2021
Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Tight domestic balances, strength in global prices and a tropical cyclone churning along the coast of Texas gave traders plenty to ponder early Tuesday as natural gas futures continued their ascent. After rallying 29.3 cents in the previous session, the October Nymex contract was up another 10.3 cents to $5.334/MMBtu at around 8:50 a.m. ET.…

September 14, 2021
Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

September 13, 2021
Natural Gas Futures Rally Amid Uncertainty of Tropical Storm Nicholas Impacts

Natural Gas Futures Rally Amid Uncertainty of Tropical Storm Nicholas Impacts

Natural gas futures surged higher in early trading Monday as traders and analysts gauged the potential energy impacts of another tropical cyclone bearing down on the Gulf Coast in the wake of Hurricane Ida. As of around 8:50 a.m. ET, the October Nymex contract had rallied 23.8 cents to $5.176/MMBtu. Tropical Storm Nicholas was on…

September 13, 2021