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Domestic Supply Fears Easing as Natural Gas Forwards Retreat from Highs

Domestic Supply Fears Easing as Natural Gas Forwards Retreat from Highs

A jittery natural gas market bracing for a winter of extreme pricing turned in a week of volatile trading for the Sept. 30-Oct. 6 time frame, but forward prices trended lower overall as mild weather and rising stockpiles soothed nerves over the domestic supply situation. Forward prices at most trading locations took their cues from…

October 8, 2021
Natural Gas Futures Crumble; Bears Emboldened by European Price Drop, Mild Weather Outlook

Natural Gas Futures Crumble; Bears Emboldened by European Price Drop, Mild Weather Outlook

There was no getting off the world’s scariest roller coaster on Wednesday. After blasting to a $6.466/MMBtu intraday high, November natural gas prices plummeted all the way back down to $5.663. The prompt Nymex contract ultimately settled at $5.675, off 63.7 cents from Tuesday’s close. December plunged to $5.803. Spot gas prices also tumbled from…

October 6, 2021
Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…

October 4, 2021
November Natural Gas Futures Debut with Thud as Volatility Reigns; Cash Prices Drop in Tandem

November Natural Gas Futures Debut with Thud as Volatility Reigns; Cash Prices Drop in Tandem

Natural gas futures floundered on Wednesday as November took over as the front month and markets mulled waning weather-driven demand that could free up more domestic supply for storage ahead of winter. The November Nymex contract, in its first session as the prompt month, shed 40.3 cents day/day and settled at $5.477/MMBtu. December dropped 39.0…

September 29, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
Natural Gas Forward Prices Starting to Crack, but Supply Concerns Still Festering

Natural Gas Forward Prices Starting to Crack, but Supply Concerns Still Festering

After four solid weeks of steep increases, natural gas forward prices buckled during the trading period ending Tuesday as the start of the fall season ushered in cooler weather and a decline in demand. October prices plunged an average of 54.0 cents from Sept. 16-21, while November tumbled 55.0 cents on average, according to NGI’s…

September 23, 2021
FERC, NERC Inquiry into February Freeze Spotlights Natural Gas Failures

FERC, NERC Inquiry into February Freeze Spotlights Natural Gas Failures

Natural gas-fired electric generators made up a majority of the failures identified by FERC during an inquiry into the extreme cold weather that rattled power markets in Texas and the Midwest in February. The Federal Energy Regulatory Commission, in a joint effort with the North American Electric Reliability Corp. (NERC), found freezing generator components and…

September 23, 2021
October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

September 20, 2021
Natural Gas Forward Prices Extend Rally; Cooler Outlook, Bearish Storage Starting to Ease Storage Worries

Natural Gas Forward Prices Extend Rally; Cooler Outlook, Bearish Storage Starting to Ease Storage Worries

Natural gas forward curves blew up for a fourth consecutive week during the trading period from Sept. 9-15 as lingering production outages continued to perpetuate supply concerns ahead of the peak winter season. October forward prices rallied by an average 47.0 cents, and November shot up 54.0 cents on average, according to NGI’s Forward Look.…

September 17, 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
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