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Despite Headwinds, Summer Heat Props Up Weekly Natural Gas Prices

Despite Headwinds, Summer Heat Props Up Weekly Natural Gas Prices

Newly intensified coronavirus outbreaks threatened energy demand, but rising summer temperatures across much of the Lower 48 boosted cash prices for the June 22-26 period. NGI’s Weekly Spot Gas National Avg. for the June 22-26 period climbed 9.5 cents to $1.520. Stronger summer conditions took hold during the week – following a relatively mild stretch…

June 26, 2020
Natural Gas Futures Avoid Fifth Straight Day of Loss as Markets Digest ‘Monster’ Storage Injection

Natural Gas Futures Avoid Fifth Straight Day of Loss as Markets Digest ‘Monster’ Storage Injection

Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering some ground from the steep losses posted a day earlier after a colossal storage build spooked markets and amplified entrenched supply/demand worries. The July Nymex contract rose 1.3 cents day/day and settled at $1.495/MMBtu. The July contract moved…

June 26, 2020
Natural Gas Forwards Tread Water, but Ultimately Go Under After ‘Disastrous’ EIA Storage Miss

Natural Gas Forwards Tread Water, but Ultimately Go Under After ‘Disastrous’ EIA Storage Miss

Although natural gas forward prices steadied a bit during the June 18-24 period, the stage was set Thursday for a massive sell-off after the latest government storage data amplified fears of containment this fall. The Energy Information Administration (EIA) reported that inventories for the week ending June 19 rose by a much larger-than-expected 120 Bcf,…

June 26, 2020
Triple-Digit Storage Exceeds Expectations, Sends July Natural Gas Futures to 25-year Low

Triple-Digit Storage Exceeds Expectations, Sends July Natural Gas Futures to 25-year Low

Natural Gas futures sunk to a low last seen in 1995 Storage injection easily surpassed analysts’ expectations and magnified supply/demand imbalance worries Summer heat has intensified in June, but the outlook is mixed Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand…

June 26, 2020
Natural Gas Futures Continue Lower as Market Mulls ‘Just Ugly’ Storage Print

Natural Gas Futures Continue Lower as Market Mulls ‘Just Ugly’ Storage Print

As analysts pointed to this week’s hefty storage injection as evidence of a loose market, natural gas futures extended their recent losses in early trading Friday. The expiring July Nymex contract was down 3.6 cents to $1.446/MMBtu at around 8:40 a.m. ET. August was off 1.2 cents to $1.534. The U.S. Energy Information Administration (EIA)…

June 26, 2020
July Natural Gas Futures Plummet Following Triple-Digit Storage Build Far Ahead of Expectations

July Natural Gas Futures Plummet Following Triple-Digit Storage Build Far Ahead of Expectations

Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand imbalance worries amid a coronavirus pandemic that has crippled economic activity and dwindled U.S. exports. The July Nymex contract dropped 11.5 cents day/day and settled at $1.482 /MMBtu — a fourth-consecutive day of…

June 25, 2020
Eerie Calm for Natural Gas Forwards Ahead of Record-Breaking Crash

Eerie Calm for Natural Gas Forwards Ahead of Record-Breaking Crash

Although natural gas forward prices steadied a bit during the June 18-24 period, the stage was set Thursday for a massive sell-off after the latest government storage data amplified fears of containment this fall. The Energy Information Administration (EIA) reported that inventories for the week ending June 19 rose by a much larger-than-expected 120 Bcf,…

June 25, 2020
With Lofty Storage Injection Expected And Pandemic Fallout Festering, Natural Gas Futures Continue to Fall

With Lofty Storage Injection Expected And Pandemic Fallout Festering, Natural Gas Futures Continue to Fall

BREAKING: U.S. EIA reports injection of 120 Bcf natural gas storage for the week ending June 19 Stronger heat-driven demand has yet to materialize, while LNG remains soft Analysts expect EIA to report a triple-digit storage build Spot prices advance as power burns pick up Natural gas futures traded in a narrow range most of…

June 25, 2020
Natural Gas Futures Dive Lower After Triple-Digit Storage Injection Beyond ‘Worst Expectations’

Natural Gas Futures Dive Lower After Triple-Digit Storage Injection Beyond ‘Worst Expectations’

The U.S. Energy Information Administration (EIA) reported an injection of 120 Bcf natural gas storage for the week ending June 19, a bearish report that soared beyond the high end of projections, driving down natural gas futures. The latest print was “beyond my worst expectations,” said one participant on The Desk’s online energy platform Enelyst.…

June 25, 2020
Potential Triple-Digit EIA Build Weighs on Natural Gas Futures Early

Potential Triple-Digit EIA Build Weighs on Natural Gas Futures Early

Extending the previous session’s losses, natural gas futures were down several cents in early trading Thursday as the market prepared for the release of government storage data expected to show a plump triple-digit injection. The July Nymex contract was down 4.1 cents to $1.556/MMBtu at around 8:45 a.m. ET. Estimates have the U.S. Energy Information…

June 25, 2020