weather

Bullish Weather Pattern Rallies Natural Gas Forwards

Bullish Weather Pattern Rallies Natural Gas Forwards

A rebound in natural gas forward prices that began earlier in the month kicked in high gear during the Jan. 10-16 period as frigid air finally returned to the United States after a month-and-a-half of exceptionally mild weather.

January 18, 2019
Storage Deficits, Returning Heat Steal Spotlight from Production; September Natural Gas Forwards Increase

Storage Deficits, Returning Heat Steal Spotlight from Production; September Natural Gas Forwards Increase

September natural gas prices rose by an average 3 cents from Aug. 16-22 as long-range weather outlooks showed a much hotter end for August and into early September. Storage concerns remained a bullish catalyst for the market as well, even as the week’s storage report delivered an on-target injection.

August 23, 2018

July Natural Gas Set to Open Lower on Record Production, Expected Break in Heat

July natural gas prices were decidedly lower Monday morning, trading 3 cents lower at $2.915 ahead of the market open despite increasing heat in the near term.

June 25, 2018

July Natural Gas Lower Again Ahead of Open on Short-term Heat

July natural gas prices remained firmly in the red ahead of market open Tuesday, trading 4.3 cents lower at $2.908 as cooler trends forecast over the next week sent prices sliding for the second day in a row.

June 19, 2018

Modest Easing of Near-Term Heat Sends July Natural Gas Lower Ahead of Open

July natural gas prices were about 1.5 cents lower Monday ahead of the open, trading at $3.009 settle amid a modest pullback in near-term weather forecasts.

June 18, 2018
EIA Shocks with 96 Bcf Storage Build; July Natural Gas Falls

EIA Shocks with 96 Bcf Storage Build; July Natural Gas Falls

The Energy Information Administration (EIA) reported a 96 Bcf build into storage inventories for the week ending June 8, considerably higher than even the most bearish of expectations. Nymex July natural gas futures initially appeared to take the surprise build in stride as the prompt month barely budged after the storage report’s 10:30 a.m. release.

June 14, 2018

Overnight Forecasts Advertise More Heat Risks; June Natural Gas Called Higher

June natural gas was set to open Tuesday about 3.7 cents higher at around $2.847/MMBtu as the weather outlook overnight showed additional heat risks for the next two weeks, according to forecasters.

May 22, 2018
Winter (Nearly) Dunzo; May Natural Gas Slides on Milder Temps, Growing Production

Winter (Nearly) Dunzo; May Natural Gas Slides on Milder Temps, Growing Production

May natural gas forward prices fell an average 5 cents between March 30 and April 5 as near-record production and milder weather on tap for the latter part of April dashed any lingering hopes for market bulls, according to NGI’s Forward Look.

April 6, 2018

Late March Period Seen Milder Overnight; April Natural Gas Called Lower

April natural gas was set to open Wednesday about 4 cents lower at around $2.748 as overnight weather models trended milder, particularly in the forecast for late March.

March 14, 2018

Natural Gas Called Lower; Market Watching For Signs of February Cold

February natural gas set to open Friday about 2 cents lower at around $3.172 amid mixed changes overnight in the weather guidance and questions over how much cold could arrive next month.

January 19, 2018