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Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

A major colder shift from weather models over the weekend had natural gas futures soaring in early trading Monday, though forecasters wondered about the durability of the pattern change. The November Nymex contract was up 35.7 cents to $5.637/MMBtu at around 8:50 a.m. ET. Compared to Friday’s expectations, the latest model runs advertised a “material…

October 25, 2021
Latest U.S. Natural Gas Resource Appraisal Bucks 14-Year Trend

Latest U.S. Natural Gas Resource Appraisal Bucks 14-Year Trend

Since the dawn of the shale revolution, periodic estimates of technically recoverable U.S. natural gas resources have trended upward. Until now. That is a key takeaway from the latest installment of the “Future Supply of Natural Gas in the United States,” an authoritative assessment issued biennially by the Potential Gas Committee (PGC). Last week, the…

October 24, 2021
Weekly Natural Gas Prices Extend Downward Slide Amid Benign Weather Conditions

Weekly Natural Gas Prices Extend Downward Slide Amid Benign Weather Conditions

Weekly natural gas cash prices gave up ground amid mild temperatures and light demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the October 18-22 period shed 38.5 cents to $4.850. That followed a 34.5-cent drop the previous week. Conditions were comfortable across most of the country for a majority…

October 22, 2021
Natural Gas Bulls Power Forward Amid Colder Forecast Tilt, Drive November Futures Higher

Natural Gas Bulls Power Forward Amid Colder Forecast Tilt, Drive November Futures Higher

Natural gas futures forged higher on Friday as forecasts suggested mild fall weather and its dampening effect on demand could shift colder next month. The November Nymex contract settled at $5.280/MMBtu, up 16.5 cents day/day. December gained 11.5 cents to $5.461. At A Glance: Forecasts point to stronger demand Storage supplies mount through autumn Cash…

October 22, 2021
Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says

Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says

The energy law proposal “opens a delicate door because, in the future, the Mexican government could face claims of direct or indirect expropriation of investments, which could mean the state has to compensate for certain damages,” Valeria Vázquez, Energy and Resources Industry leader at Deloitte in Mexico and Central America, told NGI’s Mexico GPI. “To…

October 22, 2021
Natural Gas Futures Slide on Looser EIA Storage Data; Cash Climbs Again on Approaching Storms

Natural Gas Futures Slide on Looser EIA Storage Data; Cash Climbs Again on Approaching Storms

A steadily improving U.S. supply picture sealed the move lower for natural gas futures on Thursday. The November Nymex gas futures, already down early in the session, slid further after the latest government inventory report and settled at $5.115/MMBtu, off 5.5 cents from Wednesday’s close. December slid a steeper 10.1 cents to $5.346. At A…

October 22, 2021
Volatile Natural Gas Markets Forecast for 18 Months or Longer, Along with More U.S. LNG Export Projects

Volatile Natural Gas Markets Forecast for 18 Months or Longer, Along with More U.S. LNG Export Projects

The U.S. natural gas markets are going to see big swings for at least the next year and a half, with production volumes exiting this year at about the same rate as when the year began, according to an IHS Markit expert. IHS Markit’s Jack Weixel, senior director of the Gas, Power and Energy Futures…

October 22, 2021
Models Seen Teasing Increased Chance for November Chills as Natural Gas Futures Rally

Models Seen Teasing Increased Chance for November Chills as Natural Gas Futures Rally

With updated weather models seen teasing the possibility of colder temperatures developing next month, natural gas futures rallied sharply early Friday. The November Nymex contract was up 14.8 cents to $5.263/MMBtu as of around 8:50 a.m. ET. The latest model runs as of early Friday showed a setup that could increase the chances for more…

October 22, 2021
Natural Gas Forwards Plunge on Mild Temps, Narrowing Storage Deficit

Natural Gas Forwards Plunge on Mild Temps, Narrowing Storage Deficit

A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…

October 21, 2021
Growing Storage Sinks Natural Gas Futures, but Storms Drive More Gains for Cash

Growing Storage Sinks Natural Gas Futures, but Storms Drive More Gains for Cash

A steadily improving U.S. supply picture sealed the move lower for natural gas futures on Thursday. The November Nymex gas futures, already down early in the session, slid further after the latest government inventory report and settled at $5.115/MMBtu, off 5.5 cents from Wednesday’s close. December slid a steeper 10.1 cents to $5.346. Spot gas…

October 21, 2021
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