weather

Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Big fluctuations continued along the Nymex natural gas futures curve early Monday as traders wrestled with hotter shifts in the latest weather models and a step up in production. The September contract, which rolls off the board later this week, settled at $3.945, up 9.4 cents on the day. October also picked up 9.4 cents…

August 23, 2021
Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

August 16, 2021
As Peak Summer Heat Passes, Natural Gas Forwards Slump

As Peak Summer Heat Passes, Natural Gas Forwards Slump

With the hottest temperatures of the summer expected to soon reside in the market’s rearview, natural gas forwards receded during the Aug. 5-11 trading week, including large markdowns in the western United States, NGI’s Forward Look data show. Discounts of around a dime or more in fixed price prompt-month forwards were the norm for most…

August 13, 2021
Natural Gas Futures Plunge to $3.93 on Ho-Hum EIA Storage Stat, Weak Cash

Natural Gas Futures Plunge to $3.93 on Ho-Hum EIA Storage Stat, Weak Cash

Natural gas futures fell back below $4.00 on Thursday after the latest government storage figure came in on the higher side of expectations. With a cool front on the way and cash prices weaker, the September Nymex gas futures contract settled at $3.933, off 12.6 cents. October slid 12.3 cents to $3.948. At A Glance:…

August 12, 2021
Natural Gas Forwards Slide as Market Senses Summer’s Swan Song

Natural Gas Forwards Slide as Market Senses Summer’s Swan Song

With the hottest temperatures of the summer expected to soon reside in the market’s rearview, natural gas forwards receded during the Aug. 5-11 trading week, including large markdowns in the western United States, NGI’s Forward Look data show. Discounts of around a dime or more in fixed price prompt-month forwards were the norm for most…

August 12, 2021
EIA’s 49 Bcf Storage Build Drags Natural Gas Futures Below $4.00

EIA’s 49 Bcf Storage Build Drags Natural Gas Futures Below $4.00

The Energy Information Administration (EIA) reported an on-target 49 Bcf injection into natural gas storage inventories for the week ending Aug. 6, quickly sending futures prices to around $4.00/MMBtu. The 49 Bcf build was on par with major survey estimates ahead of the report and came in not too far removed from historical levels. Last…

August 12, 2021
Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

August 9, 2021
September Natural Gas Prices Hit $4.20 Ahead of Potentially Lowest Injection of Season

September Natural Gas Prices Hit $4.20 Ahead of Potentially Lowest Injection of Season

After two solid days in the black, natural gas futures prices reached new heights on Wednesday as production continued to decline, and hot weather remained firmly in next week’s forecast. The September Nymex gas futures contract hit a $4.205 intraday high before settling at $4.158, up 13.1 cents from Tuesday’s close. At A Glance: Next…

August 4, 2021
September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

September Natural Gas Prices Trim Early Gains, but Settle Higher on Returning Heat

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

August 2, 2021
Natural Gas Futures Bounce Back; August Closes Strong Run as Prompt Month on High Note

Natural Gas Futures Bounce Back; August Closes Strong Run as Prompt Month on High Note

Natural gas futures rebounded on Wednesday as traders refocused on expectations for strong weather-driven demand in August and continued steady export activity. The August Nymex contract gained 7.3 cents day/day and settled at $4.044/MMBtu. September rose 2.5 cents to $3.967. At A Glance: Futures fly higher eight out of nine days August expires as prompt…

July 28, 2021