Markets

July natural gas futures debuted at the front of the Nymex curve with a thud, tumbling 16.8 cents to $8.727/MMBtu ahead of the Memorial Day holiday weekend. At A Glance: Cooler June outlook softens futures Production ramping higher Cash off on soft holiday demand Spot gas prices also softened amid light demand, with NGI’s Spot…

With warnings of higher prices still to come, natural gas forward prices mounted hefty gains for the trading period ending May 25, with prices nearing $9.00/MMBtu across much of the country and cresting $10.00 in California, according to NGI’s Forward Look. June fixed prices averaged 65.0 cents higher on the week, while the balance of…

With early June heat disappointing bulls in the latest forecasts, appearing to limit upside for prices in the near-term, natural gas futures pulled back sharply in early trading Friday. The July Nymex contract was down 42.9 cents to $8.466/MMBtu at around 8:50 a.m. ET. Overnight weather model trends were cooler, leading Bespoke Weather Services to…

The June Nymex natural gas futures contract rallied toward its expiration on Thursday, pushing above $9.401 in intraday trading and reaching the highest level since 2008. Even as traders digested a weak storage print and renewed concerns about a supply crunch, many took profits in the final hour of trading that ultimately sent futures into…

North American natural gas prices continued their torrid surge this week, with expiring New York Mercantile Exchange prompt month prices on Wednesday surpassing the $9.00/MMBtu mark for the first time in 14 years. Bespoke analysts said the issue in the United States remains the lack of “significant, and sustainable, gains in production to ensure we…

With warnings of higher prices still to come, natural gas forward prices mounted hefty gains for the trading period ending May 25, with prices nearing $9.00/MMBtu across much of the country and cresting $10.00 in California, according to NGI’s Forward Look. June fixed prices averaged 65.0 cents higher on the week, while the balance of…

Natural gas-fired electricity generation would pick up the slack in California left by the state’s drought-compromised hydropower resources, according to the Energy Information Administration (EIA). In a recent analysis, researchers found that California’s extended drought could cut the share of summer electricity generation from hydropower to only 8%, or 6.8 million MWh, from June through…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 80 Bcf natural gas into underground storage for the week ended May 20. The result fell short of market expectations and historic averages, driving Nymex natural gas futures higher. Ahead of the print, the June contract was up 13.1 cents at $9.124/MMBtu. The…

As the market braced for potential price-moving impacts of both updated government inventory data and the prompt month contract expiration Thursday, natural gas futures advanced in early trading. The expiring June Nymex contract was up 22.6 cents to $9.197/MMBtu at around 8:50 a.m. ET. July was up 19.4 cents to $9.187. The Energy Information Administration…