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As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…

July 26, 2021
Natural Gas Forward Prices Surge on Heat, Lagging Production

Natural Gas Forward Prices Surge on Heat, Lagging Production

With the scorching temperatures the South Central United States is used to seeing in the summer finally starting to build, and production lagging recent highs, August natural gas forward prices soared 32.0 cents on average during the trading period ending July 21, according to NGI’s Forward Look. Price gains were just as impressive for the…

July 23, 2021
Natural Gas Price Bulls Extend Parade as August Futures Soar a Fourth Consecutive Session

Natural Gas Price Bulls Extend Parade as August Futures Soar a Fourth Consecutive Session

Natural gas futures on Wednesday advanced for a fourth straight day, probing higher from the two-and-a-half-year highs reached earlier this week, with demand robust and anticipation high ahead of the federal government’s storage report Thursday. At A Glance: Forecasts call for extensive heat Production remains light Traders await EIA storage data The August Nymex contract…

July 21, 2021
Natural Gas Futures Rally for Second Day, Bolstered by Demand Outlook; Spot Prices Spike

Natural Gas Futures Rally for Second Day, Bolstered by Demand Outlook; Spot Prices Spike

Natural gas futures on Monday cruised higher for a second consecutive session as forecasts pointed to stronger weather-driven demand over the back half of July. The August Nymex contract advanced 10.5 cents day/day and settled at $3.779/MMBtu. The prompt month had gained 6.0 cents on Friday to close out trading last week. The September contract…

July 19, 2021
Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global natural gas prices were climbing again on Monday, picking up from gains last Friday as hotter weather and supply issues have the market heading higher as the week gets underway. Prices rebounded in Europe late last week after the European Commission unveiled a climate package aimed at cutting emissions and boosting renewables that had…

July 19, 2021
Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Natural gas forward prices continued to fall at the front of the curve during the trading period ending Wednesday (July 14), pressured by inconsistent summer weather and fluctuating production. However, Northeast markets rebounded as another heat wave drove up regional demand, stalling a more pronounced rebuilding of storage inventories that is needed ahead of the…

July 16, 2021
August Natural Gas Futures Fail to Sustain Momentum, Falter a Second Day

August Natural Gas Futures Fail to Sustain Momentum, Falter a Second Day

Natural gas futures rebounded early Wednesday, as liquefied natural gas (LNG) levels bounced back and reassured markets of robust export demand. Still, bearish tilts in domestic weather outlooks and estimates for a higher storage injection put downward pressure on futures in afternoon trading. At A Glance: LNG feed gas bounces back Weather outlooks shift cooler…

July 14, 2021
Paltry Storage Build Fuels Rebound for August Natural Gas Futures; Spot Prices Sail Higher

Paltry Storage Build Fuels Rebound for August Natural Gas Futures; Spot Prices Sail Higher

Natural gas futures bounced back on Thursday, bolstered by an anemic increase in inventories that pointed to a tight supply/demand balance and ignited concerns about adequate storage levels. The August Nymex contract spiked 9.2 cents day/day and settled at $3.688/MMBtu. September jumped 9.3 cents to $3.667. At A Glance: EIA reports a 16 Bcf storage…

July 8, 2021
August Natural Gas Futures Slump for Second Straight Day; Cash Prices Fall

August Natural Gas Futures Slump for Second Straight Day; Cash Prices Fall

Natural gas futures on Wednesday dropped lower, following a decline the previous day, as traders mulled weather-driven demand, stagnated liquefied natural gas (LNG) levels, and the potential storage injection with the federal government’s pending report Thursday morning.   The August Nymex contract fell 4.1 cents day/day and settled at $3.596/MMBtu. September shed 3.4 cents to $3.574.…

July 7, 2021
Easing Premiums Out West an Exception as July Natural Gas Forwards Climb

Easing Premiums Out West an Exception as July Natural Gas Forwards Climb

Aside from moderating premiums in western markets, natural gas forwards marched higher during the June 10-16 trading period. Supply risks served to push July Nymex prices higher, while technical factors and a somewhat cooler look to the weather picture toward the back half of June helped limit gains. July fixed prices at Henry Hub surged…

June 18, 2021
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