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Natural Gas Futures Fall Further on Cooling Forecast, Rising Supply

Natural Gas Futures Fall Further on Cooling Forecast, Rising Supply

A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…

June 21, 2021
European Natural Gas Prices Hit Highest Level in Over a Decade — LNG Recap

European Natural Gas Prices Hit Highest Level in Over a Decade — LNG Recap

Hot weather and limited supplies helped drive European natural gas prices to a 12-year high late last week in a rally that continued Monday. The prompt Title Transfer Facility (TTF) contract closed Friday at $10.237/MMBtu and finished higher on Monday at a level not seen since 2008. European gas prices have been strong since the…

June 21, 2021
CME to Launch ‘Nature-Based’ Emissions Offset Futures Contract

CME to Launch ‘Nature-Based’ Emissions Offset Futures Contract

CME Group said Monday it would launch an emissions offset futures contract sourced from agriculture, forestry and other land use projects in an ongoing effort aimed at helping the market better manage climate risk as the energy transition accelerates. CME said the Nature-Based Global Emissions Offset (N-GEO) contract would launch August 1, pending regulatory review.…

June 21, 2021
LNG Freight Rates Still Strong Amid Tight Global Natural Gas Market

LNG Freight Rates Still Strong Amid Tight Global Natural Gas Market

The liquefied natural gas (LNG) shipping market remains tight as demand from South America to Asia is strong, but analysts said freight rates could diverge from LNG prices in the coming weeks on a variety of factors.  For now, vessel rates are up. While the spot market in the Pacific Basin is “fairly quiet,” demand…

June 18, 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
July Natural Gas Futures, Cash Prices Post Gains Despite Storage Report Confusion

July Natural Gas Futures, Cash Prices Post Gains Despite Storage Report Confusion

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

June 18, 2021
Natural Gas Futures Pull Back Early Amid Easing Heat in Euro Model, Tropical Cyclone in GOM

Natural Gas Futures Pull Back Early Amid Easing Heat in Euro Model, Tropical Cyclone in GOM

A somewhat cooler look to temperatures late this month and the prospect of demand destruction from a storm in the Gulf of Mexico (GOM) helped send natural gas futures lower in early trading Friday. The July Nymex contract was off 6.5 cents to $3.188/MMBtu at around 8:50 a.m. ET. The American and European weather models…

June 18, 2021
Natural Gas Forwards Climb Amid Further Gains at Henry Hub; Western Basis Eases Despite Heat

Natural Gas Forwards Climb Amid Further Gains at Henry Hub; Western Basis Eases Despite Heat

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 17, 2021
July Natural Gas Futures Eke Out Gain Following ‘Funky’ Storage Report; Cash Prices Advance

July Natural Gas Futures Eke Out Gain Following ‘Funky’ Storage Report; Cash Prices Advance

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

June 17, 2021
U.S. Task Force’s Early Findings Show LNG Safe for Rail System

U.S. Task Force’s Early Findings Show LNG Safe for Rail System

A task force examining the safety of moving liquefied natural gas (LNG) by rail across the United States said the super-chilled fuel has been transported safely by sea and road for decades, as well as by rail in other countries, but the group noted more research is needed. The task force was convened by the…

June 17, 2021
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