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Colder Weather Data Provides Late Bump for Natural Gas Futures, but LNG Recovery Murkier

Colder Weather Data Provides Late Bump for Natural Gas Futures, but LNG Recovery Murkier

Natural gas futures started off the week lower amid further uncertainty surrounding the pace of liquefied natural gas (LNG) export recovery. A “complicated” weather outlook also left traders unsure of where to price gas, but a chillier turn in Monday’s midday models ultimately lifted the November Nymex contract up 2.2 cents to $2.795. December nudged…

October 19, 2020
Natural Gas Futures Stabilize as Traders Await More Clarity on Weather, LNG Demand

Natural Gas Futures Stabilize as Traders Await More Clarity on Weather, LNG Demand

Natural gas futures steady as full LNG demand recovery still unclear Weather outlook turns chillier Cash weak on lackluster demand outside eastern U.S. Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage…

October 19, 2020
Natural Gas Futures Called Lower Amid ‘Complicated’ Forecast, Unclear Outlook for Cameron LNG

Natural Gas Futures Called Lower Amid ‘Complicated’ Forecast, Unclear Outlook for Cameron LNG

As traders tried to decipher a “murky” outlook for the timing of restored export volumes out of the Gulf Coast, natural gas futures were down several cents in early trading Monday. The November Nymex contract was off 5.0 cents to $2.723/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed heavy selling in…

October 19, 2020
Big Gains for Weekly Spot Natural Gas Prices as Demand Quickly Ramps Up After Delta

Big Gains for Weekly Spot Natural Gas Prices as Demand Quickly Ramps Up After Delta

Strong power burns and recovering export demand boosted spot gas prices for the Oct. 12-16 week. Stout gains were seen across the Lower 48, lifting NGI’s Weekly Spot Gas National Avg. 46.5 cents to $1.980. With Hurricane Delta quickly moving out of the Gulf Coast region after making landfall on Oct. 9, temperatures rose back…

October 16, 2020
Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage inventories by the end of October.  With an increasingly chillier weather pattern emerging for the end of the month, the November Nymex gas…

October 16, 2020
U.S. Oil Inventories Decline Further, but Coronavirus Threats Lurk

U.S. Oil Inventories Decline Further, but Coronavirus Threats Lurk

Demand for petroleum products mounted early in October, cutting into U.S. inventories of crude and refined products, but a resurgence of the coronavirus pandemic across swaths of the Lower 48 and Europe threaten to thwart the trend and weigh down oil prices. Demand for fuel derived from oil was crushed earlier this year by the…

October 16, 2020
Tight EIA Data, Expected LNG Demand Recovery Drives Sharp Rebound for Natural Gas Futures Prices

Tight EIA Data, Expected LNG Demand Recovery Drives Sharp Rebound for Natural Gas Futures Prices

Big rebound for natural gas futures on tight EIA data, cooler weather trends Full LNG demand recovery unclear as barge still submerged in Calcasieu Ship Channel Cash rises as chilly air blankets Midwest, heads toward East Natural gas futures quickly bounced back from the prior day’s nosedive as traders were hopeful Gulf Coast exports would…

October 16, 2020
Balances ‘Very Tight’ as Colder Forecast Helps Propel Natural Gas Futures Early

Balances ‘Very Tight’ as Colder Forecast Helps Propel Natural Gas Futures Early

Against the backdrop of a tight supply/demand balance, a colder-trending temperature outlook for later this month helped lift natural gas futures several cents in early trading Friday. The November Nymex contract was up 5.1 cents to $2.826/MMBtu at around 8:40 a.m. ET. The latest forecast early Friday from Bespoke Weather Services shifted colder toward the…

October 16, 2020
Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism

Natural Gas Futures Rebound on Tight EIA Data, LNG Optimism

Natural gas futures quickly bounced back from the prior day’s nosedive as traders were hopeful Gulf Coast exports would soon resume full operations after a barge sunk near a key export terminal. Buoyed further by the latest government storage data, the November futures contract jumped 13.9 cents to $2.775/MMBtu. December climbed 7.2 cents to $3.261.…

October 15, 2020
Natural Gas Forwards Strengthen Despite Ongoing Uncertainty for LNG Demand

Natural Gas Forwards Strengthen Despite Ongoing Uncertainty for LNG Demand

Natural gas forward prices were generally higher during the Oct. 8-14 period, supported by lower production and chilly weather forecasts for some parts of the country later this month. However, the markets also faced some headwinds, namely another setback in the full recovery of Gulf Coast exports and weak demand in key Lower 48 regions.…

October 15, 2020
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