Coronavirus

With technical factors guiding recent price movements, and with the market awaiting government storage data that could offer clues of Covid-19’s impact on demand, natural gas futures were steady early Wednesday. The May Nymex contract was trading about 1.8 cents higher at $1.658/MMBtu at around 8:45 a.m. ET.

With technical factors guiding recent price movements, and with the market awaiting government storage data that could offer clues of Covid-19’s impact on demand, natural gas futures were steady early Wednesday. The May Nymex contract was trading about 1.8 cents higher at $1.658/MMBtu at around 8:45 a.m. ET.

Latin American nations, which with the exception of Brazil have now imposed tough stay-at-home measures in an attempt to slow the spread of Covid-19, are bracing for the public health and economic impacts of the virus just at a time when a deluge of cheap oil has flooded the global market, battering prices, and making life difficult for many producing nations.

Latin American nations, which with the exception of Brazil have now imposed tough stay-at-home measures in an attempt to slow the spread of Covid-19, are bracing for the public health and economic impacts of the virus just at a time when a deluge of cheap oil has flooded the global market, battering prices, and making life difficult for many producing nations.

A major contraction is underway across North America’s natural gas and oil industry from Covid-19 and unyielding commodity prices, and operators are responding in every way possible to sow the seeds of an eventual recovery.

A major contraction is underway across North America’s natural gas and oil industry from Covid-19 and unyielding commodity prices, and operators are responding in every way possible to sow the seeds of an eventual recovery.

Against a backdrop of profound macro uncertainty, natural gas bidweek traders negotiated heavy discounts for April, bunkering down for a potentially tough month ahead.

With the natural gas markets continuing to mull the potential impacts from the coronavirus outbreak, prices were trading close to even early Tuesday. The May Nymex contract was off 0.3 cents to $1.687/MMBtu at around 8:45 a.m. ET.

With the natural gas markets continuing to mull the potential impacts from the coronavirus outbreak, prices were trading close to even early Tuesday. The May Nymex contract was off 0.3 cents to $1.687/MMBtu at around 8:45 a.m. ET.