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Another Small Drop for Natural Gas Futures Prices as Traders Await Fresh Storage Data

Another Small Drop for Natural Gas Futures Prices as Traders Await Fresh Storage Data

Natural gas futures continued to peel back midweek as production ticked higher and export demand retreated. Staring down a softer storage injection week/week, traders sent the May Nymex futures contract down another 3.5 cents to $2.692. June slipped 2.7 cents to $2.776. Spot gas prices also declined across most of the country, but dollar-plus gains…

April 21, 2021
Halliburton Back in Black as North America Stages ‘Healthy Recovery’

Halliburton Back in Black as North America Stages ‘Healthy Recovery’

Halliburton Co., which completes more onshore oil and gas wells in North America than any other operator, saw demand for its drilling services climb during the first three months of the year.  The Houston oilfield services (OFS) giant reported its quarterly results on Wednesday, with CEO Jeff Miller presiding over the conference call with analysts. …

April 21, 2021
Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Mild Temps, Weaker Fundamentals Seen Keeping Pressure on Natural Gas Futures

Natural gas futures retreated in early trading Wednesday amid forecasts for mild temperatures and lower weather-driven demand starting next week. The May Nymex contract was down 3.3 cents to $2.694/MMBtu at around 8:45 a.m. ET. The latest 15-day forecast from Bespoke Weather Services remained essentially unchanged early Wednesday, albeit with a slight change in the…

April 21, 2021
May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

May Natural Gas Prices Retreat on Small Fluctuations in Supply/Demand Data

After a meaningful step higher over the past week or so, natural gas futures steadied a bit on Tuesday and traded in a tight range. Small deviations in supply and demand ultimately sent the May Nymex contract down 2.2 cents to settle at $2.727, while the June contract slipped 1.5 cents to $2.803. Spot gas…

April 20, 2021
U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

U.S. Natural Gas Exports to Mexico Beating Expectations as Pemex Production Growth Fizzles

Only a few months after President Andrés Manuel López Obrador vowed to end his nation’s dependence on natural gas imports from the United States, Mexico’s need for Lower 48 gas is surging. April is usually a month of lower energy demand in Mexico, when natural gas infrastructure undergoes maintenance and gas imports drop, but this…

April 20, 2021
Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather

Natural Gas Futures Rise Further on Strong Export Demand, Cooler Weather

Exports to Mexico hit fresh highs Hike because of lower production, strong power burns and industrial demand LNG exports also near record levels Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex…

April 20, 2021
Natural Gas Futures Ease Lower as Seasonal Temperatures Expected Late Month

Natural Gas Futures Ease Lower as Seasonal Temperatures Expected Late Month

Natural gas futures pared their recent gains in early trading Tuesday as the latest forecasts continued to show a mild seasonal pattern arriving later this month. After climbing 6.9 cents in the previous session, the May Nymex contract was down 2.0 cents to $2.729/MMBtu at around 8:50 a.m. ET. Overnight changes to the forecast data…

April 20, 2021
Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…

April 19, 2021
NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now

NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now

Click here to listen to a new episode of NGI’s Hub & Flow podcast. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, spoke to Mercuria Energy Co.’s Charles Blanchard in the latest episode. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in…

April 19, 2021
Lifted by Exports, May Natural Gas Futures Finish Strong

Lifted by Exports, May Natural Gas Futures Finish Strong

LNG feed gas volumes hovered close to 2021 highs Pipeline exports to Mexico also held strong Forecasters are calling for below-average temperatures Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand,…

April 19, 2021
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