Markets

Natural gas prices crested the $4.00/MMBtu mark last week, and though the gains may have come quickly, price may need to be higher to incentivize more coal in power generation to help balance the market, according to Raymond James & Associates Inc. Coal’s share of the power generation stack would have to increase by more…

Further declines in projected cooling demand in the latest forecasts pressured natural gas futures lower in early trading Tuesday, although analysts were predicting volatility heading into this week’s front month expiration. As of 8:45 a.m. ET, the August Nymex contract was down 8.2 cents to $4.020/MMBtu, while September was off 8.3 cents to $3.999. After…

Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…

Natural gas exports via pipeline from the United States to Mexico recorded a new monthly record in June, the U.S. Energy Information Administration (EIA) said in a note Friday, citing data from Wood Mackenzie. Pipeline exports averaged 6.8 Bcf/d for the month, up 25% from June 2020 and 44% from the previous five-year (2016-2020) monthly…

Natural gas futures climbed even higher on Friday, extending to six days a furious demand-driven rally that sent the prompt month to a close above $4.00 for a second session. The August Nymex contract rose 5.7 cents day/day and settled at $4.060/MMBtu, its highest mark since 2018. September gained 6.0 cents to $4.042. NGI’s Spot…

Strong heat this week and the prospect of more to come in August helped natural gas futures to keep climbing in early trading Monday. The August Nymex contract was up 9.1 cents to $4.151/MMBtu at around 8:50 a.m. ET. September was up 8.6 cents to $4.128. After breaking through resistance at the $4 mark last…

In a sign that the energy industry’s recovery from Covid-19 remains choppy, monthly trading for natural gas pipeline capacity releases reversed course, soaring 178% in June, according to the latest figures from The Capacity Center. The jump was a massive improvement from May, when monthly transactions plunged 70% from April levels, the data services company’s…

Weekly natural gas cash prices soared along with lofty temperatures and strong cooling demand throughout much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the July 19-23 period jumped 16.5 cents to $3.780. Hot high pressure created scorching conditions over much of the West and into the Plains, with highs of 90s…

Natural gas futures climbed even higher on Friday, extending to six days a furious demand-driven rally that sent the prompt month to a close above $4.00 for a second session. The August Nymex contract rose 5.7 cents day/day and settled at $4.060/MMBtu, its highest mark since 2018. September gained 6.0 cents to $4.042. NGI’s Spot…