weather

Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say

Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say

Recovering liquefied natural gas (LNG) demand, forecasts for a colder winter that were supported by an early Midwest chill, low production and abating storage containment worries should support gas prices in the final months of this year and establish momentum for 2021, analysts argue. “While U.S. storage is projected to exceed 4 Tcf by the…

October 23, 2020
Winter Premium in Play as Nymex Natural Gas Futures Rally; California Cash Slides

Winter Premium in Play as Nymex Natural Gas Futures Rally; California Cash Slides

Natural gas futures soared higher Tuesday as traders attempted to close the massive gap between the front of the curve and the winter contracts. Despite little change in the fundamental backdrop, the September Nymex futures contract jumped 7.8 cents day/day to settle at $2.417. October climbed 8.0 cents to $2.556. Spot gas prices were mixed…

August 18, 2020
Natural Gas Futures Close Out Strong Week with 7-Cent Gain

Natural Gas Futures Close Out Strong Week with 7-Cent Gain

Natural gas futures recover losses as forecasts trend hotter Another pullback not out of the question as export demand still unclear Cash slides further amid light weekend demand With former Hurricane Isaias in the rearview mirror and hot weather back in the near-term and long-range forecasts, natural gas futures quickly recouped Thursday’s losses, and then…

August 10, 2020
September Natural Gas Futures Slump After Storage Report, Cooler Weather Forecasts

September Natural Gas Futures Slump After Storage Report, Cooler Weather Forecasts

September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as fall approaches. In its first trading day on the books as the prompt month, the September Nymex contract shed 10.1 cents day/day and settled at $1.829/MMBtu. October fell 8.8 cents to $1.991. …

July 30, 2020
August Natural Gas Futures Bounce Back Despite Mixed Views on Weather, Export Demand

August Natural Gas Futures Bounce Back Despite Mixed Views on Weather, Export Demand

August natural gas futures rebounded Tuesday amid news of continued robust exports to Mexico and a varied weather outlook that anticipates cooler near-term conditions but potential for heat to intensify in coming weeks. Analysts cautioned trading would be choppy ahead of the September contract becoming the front month on Thursday. The August Nymex contract rose…

July 28, 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
August Natural Gas Futures Mount Vigorous Rally on Forecasts for More Intense Heat

August Natural Gas Futures Mount Vigorous Rally on Forecasts for More Intense Heat

Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for more extreme July heat that could drive seasonally stronger energy demand. The August Nymex contract surged 16.5 cents day/day and settled at $1.709/MMBtu. It marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low…

June 29, 2020
Natural Gas Futures Dive Lower After Triple-Digit Storage Injection Beyond ‘Worst Expectations’

Natural Gas Futures Dive Lower After Triple-Digit Storage Injection Beyond ‘Worst Expectations’

The U.S. Energy Information Administration (EIA) reported an injection of 120 Bcf natural gas storage for the week ending June 19, a bearish report that soared beyond the high end of projections, driving down natural gas futures. The latest print was “beyond my worst expectations,” said one participant on The Desk’s online energy platform Enelyst.…

June 25, 2020

Natural Gas Traders Nudge Futures Higher on Prospects of Cold; Cash Slides

Hints of early season cold spooked natural gas traders on Friday with flashbacks to last October, when a surprising shift colder led to a sharp rally that eventually pushed futures prices to nearly $5. Despite an early dip to the downside, the November Nymex contract rallied for a second day to settle at $2.352/MMBtu, up 2.3 cents. December climbed 2.4 cents to $2.524.

October 4, 2019

PG&E Inspecting Power Lines After Shutoff in Three Northern California Counties

Pacific Gas and Electric Co. (PG&E) was expected to return power on Tuesday to around 24,000 customers that lost power Monday following a public safety power shutoff in several Northern California counties.

September 24, 2019
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