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Natural gas forward markets remained quiet as they closed out March, with near-record export demand going head to head with generally weak domestic demand. The May contract, which took over the prompt-month position on Tuesday, finished the period ending Wednesday (March 31) essentially flat from where it averaged on March 25, according to NGI’s Forward…

Robust U.S. export activity held at lofty levels, but natural gas futures fell again on Wednesday as traders mulled domestic demand weakness and the potential for a bearish government inventory report on Thursday. The May Nymex contract settled at $2.608/MMBtu, down 1.5 cents day/day. It declined 3.0 cents a day earlier, its first session as…

Natural gas futures on Wednesday gained ground for the third time in four sessions amid steady demand for U.S. liquefied natural gas (LNG) and concern about delayed export deliveries after a huge container ship was grounded in the Suez Canal. The April Nymex contract climbed 1.0 cent day/day and settled at $2.518/MMBtu. May followed suit,…

Natural gas futures dropped back into the red on Wednesday as traders mulled forecasts for mild spring weather and its dampening effect on demand along with polls that showed expectations for only a modest storage withdrawal. The April Nymex contract declined 3.4 cents day/day and settled at $2.528/MMBtu. May fell 4.2 cents to $2.555. The…

Natural gas prices trimmed about a nickel or so from the forward curve as spring appears to have sprung a couple of weeks early. The April contract was down 6 cents on average for the March 4-10 period, while the summer strip (April-October) was down 4.0 cents, according to NGI’s Forward Look. Similar losses were…

From the Arctic to the Sahara, Texas is expected to experience quite the swing in temperatures this year. A preliminary summer forecast issued by WeatherBell Analytics LLC is projecting a hot summer centered in the Lone Star State. “Our summer outlook calls for above-normal temperatures for most of North America,” said chief forecaster Joe Bastardi.…

Shoulder season may be setting in across U.S. natural gas forward markets weeks ahead of schedule, with modest price changes seen across the country, according to NGI’s Forward Look.  A quick return to business as usual following last month’s historic winter freeze combined with near-perfect temperatures to drive April forward prices up only 6.0 cents…

A reversion back to the warm weather pattern that has dominated most of the winter sank March natural gas prices a little more as it rolled off the board. The March Nymex gas futures contract slipped 2.5 cents, expiring at $2.854. The incoming prompt April contract fell a steeper 6.2 cents to $2.795. Spot gas…

The harsh winter weather encountered in Texas last week took a bite out of Permian Basin giant Pioneer Natural Resources Co.’s oil production, but the company should make up the loss and more in 2021, CEO Scott Sheffield said Wednesday. The winter storm last week knocked out about 30,000 b/d of oil output, but most…