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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
Potential Democratic ‘Blue Wave’ Victories Said Positive Catalyst for Natural Gas, Oil Prices

Potential Democratic ‘Blue Wave’ Victories Said Positive Catalyst for Natural Gas, Oil Prices

The upcoming U.S. elections are unlikely to junk bullish forecasts for natural gas and oil prices, with a potential “Blue Wave” that would usher in a Democratic-controlled government in fact a positive catalyst, according to energy analysts. Goldman Sachs analysts laid out their view of the benefits of Democrat Joseph R. Biden Jr. toppling President…

October 15, 2020
Raymond James Says Natural Gas to Jump in 2021, Boosted by Production Cuts

Raymond James Says Natural Gas to Jump in 2021, Boosted by Production Cuts

The extensive oil production declines amid the coronavirus pandemic’s fallout cut deep enough into associated gas supplies to likely help drive up Henry Hub natural gas prices in 2021, according to Raymond James & Associates. “The 2020 oil crash is still likely to drive a massive imbalance in U.S. gas supplies in 2021,” Raymond James…

October 15, 2020
Latest Hub & Flow Podcast Delves into U.S. E&P Earnings Forecasts for Third Quarter — Listen Now

Latest Hub & Flow Podcast Delves into U.S. E&P Earnings Forecasts for Third Quarter — Listen Now

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. In the latest podcast, NGI’s Patrick Rau, director of Strategy & Research, provides his analysis into how the third quarter earnings season is expected to play out for U.S. exploration and production companies in the weeks ahead.  Believing that transparent markets…

October 15, 2020