Estimates showing strengthening liquefied natural gas (LNG) demand boosted gas futures in early trading Monday, while yet another named storm could threaten production and exports later this week. The November Nymex contract was up 8.8 cents to $2.526/MMBtu at around 8:45 a.m. ET. Data as of early Monday showed feed gas flows to U.S. LNG…
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As LNG Declines and Beta Strikes, Natural Gas Futures Fail to Find Momentum
Natural gas futures on Tuesday effectively punctuated the steep losses posted a day earlier, as markets absorbed news of lower liquefied natural gas (LNG) levels and expected demand impacts from Tropical Storm Beta, the latest severe weather development to menace the Gulf of Mexico (GOM). The October Nymex contract fell a tenth of cent day/day…
September 22, 2020
Natural Gas Futures Rally Early as 1.2 Bcf/d of GOM Shut-Ins Reported
Two tropical cyclones threatened the Gulf of Mexico (GOM) Monday, prompting offshore production shut-ins and lifting natural gas futures in early trading. The September Nymex contract was up 4.4 cents to $2.492/MMBtu at around 8:45 a.m. ET. Tropical Storm Marco has weakened, but Tropical Storm Laura is now on course for the Texas and Louisiana…
August 24, 2020
Tropical Storm Nate Forcing GOM Evacuations by E&Ps, Pipeline Operators
Natural gas and oil producers and pipeline operators working in the eastern part of the Gulf of Mexico (GOM) began shutting in production and evacuating platforms and rigs early Thursday in preparation for Tropical Storm (TS) Nate, which potentially could make landfall on the Gulf Coast this weekend.
October 5, 2017
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