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U.S. to Mexico Pipeline Natural Gas Exports Swell 10% y/y in 1Q, Still Rising Steadily

U.S. to Mexico Pipeline Natural Gas Exports Swell 10% y/y in 1Q, Still Rising Steadily

Pipeline natural gas exports from the United States to Mexico averaged 5.3 Bcf/d during the first quarter, up from 4.8 Bcf/d in the year-ago period, according to the U.S. Department of Energy’s (DOE) latest quarterly report on the gas trade balance. Mexico accounted for 64.6% of total pipeline gas exports, with the other 35.4% going…

August 5, 2020
Natural Gas Futures Extend Rally on Easing Storage Fears, Recovering LNG Demand

Natural Gas Futures Extend Rally on Easing Storage Fears, Recovering LNG Demand

One day after posting largest single-day gain in the last year and a half, natural gas futures moved another leg higher Tuesday Spot gas prices remained upward bound too One day after posting the largest single-day gain in the last year and a half, natural gas futures moved another leg higher, surging past the long-term…

August 5, 2020
September Natural Gas Called Slightly Higher Early as Heat, LNG Remain Supportive

September Natural Gas Called Slightly Higher Early as Heat, LNG Remain Supportive

Aided by hot temperatures in the forecast and an improved outlook for export demand, natural gas futures continued to build on their recent upward momentum in early trading Wednesday. The September Nymex contract was up 1.0 cent to $2.203/MMBtu at around 8:50 a.m. ET. The gains this week have occurred on a combination of rallying…

August 5, 2020
Natural Gas Bulls Send September Futures to Fresh High; Cash Strength Continues

Natural Gas Bulls Send September Futures to Fresh High; Cash Strength Continues

One day after posting the largest single-day gain in the last year and a half, natural gas futures moved another leg higher, surging past the long-term high established earlier this year. September Nymex gas settled Tuesday at $2.193, up 9.2 cents from Monday’s close. October rose 9.5 cents to $2.334. Spot gas prices also continued…

August 4, 2020
Natural Gas Futures Explode Higher as Technical Trading Comes into Play

Natural Gas Futures Explode Higher as Technical Trading Comes into Play

September Nymex natural gas futures post stunning 30-cent rally Weather forecasts flip back hotter, while LNG demand climbs Cash strengthens despite cooler weather this week In a shocking move that appears to be based on more than pure fundamentals, natural gas futures surged as much as 35.5 cents on Monday, busting out of their previous…

August 4, 2020
Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

Lofty summer heat in July, with forecasts for more by mid-August, should further ease pressure on storage injection levels as industrial energy demand shows signs of increasing and global economies emerge from coronavirus-imposed lockdowns, BofA Global Research analysts said. Analysts including Peter Helles said gas had reached a “turning point,” and they also anticipate European…

August 4, 2020
September Natural Gas Futures Continue Advance as Market’s Storage Fears Ease

September Natural Gas Futures Continue Advance as Market’s Storage Fears Ease

Coming off a roaring advance in the previous session, natural gas futures continued to climb near the front of the curve in early trading Tuesday as analysts pointed to easing storage availability fears. The September Nymex contract was up 3.2 cents to $2.133/MMBtu at around 8:45 a.m. ET. Monday’s stunning 30.2-cent rally for the September…

August 4, 2020
August Natural Gas Bidweek Prices Jump on Late Summer Heat

August Natural Gas Bidweek Prices Jump on Late Summer Heat

Natural gas prices climbed higher in August bidweek trading as markets mulled prospects for ongoing seasonal cooling demand, strong power burns and robust Mexican export levels. NGI’s August Bidweek National Avg. rose 23.0 cents month/month to $1.680/MMBtu. The August Nymex natural gas futures contract rolled off the board last Wednesday at $1.854, up 5.4 cents…

August 3, 2020
Natural Gas Futures Post Jaw-Dropping 30-Cent Gain; Cash Strong Too

Natural Gas Futures Post Jaw-Dropping 30-Cent Gain; Cash Strong Too

In a shocking move that appears to be based on more than pure fundamentals, natural gas futures surged as much as 35.5 cents on Monday, busting out of their previous trading range and closing nearly 17% higher than Friday. The September contract reached a $2.154/MMBtu intraday high before going on to settle at $2.101, up…

August 3, 2020
Mexico Natural Gas Prices, Production Fall in June as Pipeline Imports Rise

Mexico Natural Gas Prices, Production Fall in June as Pipeline Imports Rise

Natural gas prices in Mexico averaged $2.33/MMBtu in June, versus $2.78/MMBtu in June 2019, according to the latest IPGN monthly natural gas price index published by the Comisión Reguladora de Energía (CRE). Marketers transacted 5.88 Bcf/d of the molecule, compared to 7.37 Bcf/d in the year-ago month, CRE data show. CRE used 255 transactions from…

August 3, 2020