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August Natural Gas Futures Extend Rally as Heat Outlook Further Intensifies

August Natural Gas Futures Extend Rally as Heat Outlook Further Intensifies

Natural gas futures posted another solid advance as optimism intensified that summer heat will drive strong energy demand A day earlier the prompt month surged 16.5 cents Forecasts call for strong heat through mid-July across most of the Lower 48 Natural gas futures posted another solid advance Tuesday as optimism intensified that summer heat will…

July 1, 2020
Pandemic Pushing Electricity Use From Industrial, Commercial Sectors to Residential, Says EIA

Pandemic Pushing Electricity Use From Industrial, Commercial Sectors to Residential, Says EIA

Residential electricity sales in the United States surged to a record high in April, while cratering in the commercial and industrial sectors, a result of measures taken to reduce the spread of Covid-19, according to the Energy Information Administration (EIA). Total electricity sales in the United States declined 4% in April compared with the same…

July 1, 2020
Drop in LNG Feed Gas Volumes Sinks Natural Gas Futures Early

Drop in LNG Feed Gas Volumes Sinks Natural Gas Futures Early

Indications of a drop in liquefied natural gas (LNG) export demand had natural gas futures trading sharply lower early Wednesday. The August Nymex contract was down 8.9 cents to $1.662/MMBtu at around 8:40 a.m. ET. Estimates from Genscape Inc. showed U.S. LNG feed gas demand down to 3.1 Bcf/d early Wednesday, a 1.1 Bcf/d day/day…

July 1, 2020
August Natural Gas Futures Maintain Momentum as Forecasts Trend Even Hotter

August Natural Gas Futures Maintain Momentum as Forecasts Trend Even Hotter

Natural gas futures posted another solid advance Tuesday as optimism intensified that summer heat will drive strong energy demand and support prices. The August Nymex contract rose 4.2 cents day/day and settled at $1.751/MMBtu. A day earlier the prompt month surged 16.5 cents. September climbed 3.5 cents to $1.789. NGI’s Spot Gas National Avg. was…

June 30, 2020
With Stronger Heat Looming, Natural Gas Futures Rebound with Double-Digit Avance

With Stronger Heat Looming, Natural Gas Futures Rebound with Double-Digit Avance

New outlook for more extreme heat fueled optimism about seasonally stronger energy demand Monday’s gain marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low before moving off the board  Spot prices surged Monday Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for…

June 30, 2020
Heat ‘Solidly Bullish’ for First Half of July as Natural Gas Extends Rally Early

Heat ‘Solidly Bullish’ for First Half of July as Natural Gas Extends Rally Early

As the latest weather data continued to show strong heat for much of the country through the first half of July, natural gas futures continued higher in early trading Tuesday. The August Nymex contract was up 4.1 cents to $1.750/MMBtu at around 8:45 a.m. ET. Both the American and European models advertised hotter trends overnight,…

June 30, 2020
August Natural Gas Futures Mount Vigorous Rally on Forecasts for More Intense Heat

August Natural Gas Futures Mount Vigorous Rally on Forecasts for More Intense Heat

Natural gas futures posted a strong double-digit advance Monday, lifted by updated outlooks for more extreme July heat that could drive seasonally stronger energy demand. The August Nymex contract surged 16.5 cents day/day and settled at $1.709/MMBtu. It marked a stark contrast from the prior week, when the July contract plummeted to a 25-year low…

June 29, 2020
Natural Gas Futures Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat

Natural Gas Futures Recover After Bruising Week as Markets Turn Focus to Forecasts for Mid-Summer Heat

Natural gas futures fought off a fifth-consecutive decline amid forecasts for above-normal temperatures A day earlier, futures dropped to a 25-year low after a massive storage build spooked markets  Spot prices lost ground amid lingering concerns about oversupply Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering…

June 29, 2020
Report Reveals Support for Tackling Climate Change, Increased Renewable Sources in Energy Sector

Report Reveals Support for Tackling Climate Change, Increased Renewable Sources in Energy Sector

A recent publication from the Pew Research Center reveals that while a majority of American adults acknowledge the effects of climate change in their communities and believe the federal government does too little to reduce its consequences, an even greater majority (79%) say developing alternative energy sources should take precedence over other issues for the…

June 29, 2020
Hotter Forecast Boosts Natural Gas Early as Futures Look to ‘Mount a Comeback’

Hotter Forecast Boosts Natural Gas Early as Futures Look to ‘Mount a Comeback’

A hotter-trending weather outlook over the weekend helped lift natural gas futures sharply higher in early trading Monday. The August Nymex contract was up 7.6 cents to $1.620/MMBtu at around 8:40 a.m. ET. Coming off hotter trends over the weekend, Bespoke Weather Services said the next two weeks are looking “very impressive in terms of…

June 29, 2020