Markets

Natural gas futures, which had initially shown promising gains because of favorable production and export trends, remained only marginally positive at midday. Market focus shifted towards the upcoming storage report and the implications of mild weather forecasts.   Here is the latest: May Nymex futures at $1.881/MMBtu as of 2:36 p.m. ET, up nine-tenths of a…

Natural gas futures extended their winning ways on Tuesday, advancing for a third session amid lower production readings, signs of renewed LNG strength and bargain buying after a late-winter slump that spilled into the early spring. The May Nymex gas futures contract settled at $1.872/MMBtu, up 2.8 cents day/day. At A Glance: Production declines further…

Natural gas futures added to recent gains in early trading Wednesday as supportive trends in both production and exports helped stir bullish sentiment. The May Nymex contract was up 3.7 cents to $1.909/MMBtu as of 8:35 a.m. ET. The May contract was continuing to enjoy technical momentum heading into Wednesday’s session after crossing the 20-day…

Natural gas futures extended their winning ways on Tuesday, advancing for a third session amid lower production readings, signs of renewed LNG strength and bargain buying after a late-winter slump that spilled into the early spring. The May Nymex gas futures contract settled at $1.872/MMBtu, up 2.8 cents day/day. At A Glance: Production declines further…

After rallying early amid supportive fundamental trends, natural gas futures lost steam through midday trading. Market speculation around potential disruptions to LNG export traffic out of Corpus Christi, TX, may have played a role in tempering early gains. Here’s the latest: May Nymex futures trading at $1.873/MMBtu as of 2:30 p.m. ET, up 2.9 cents…

Natural gas futures advanced further in early trading Tuesday as mounting evidence of production weakness offered encouragement for bulls. The May Nymex contract was up 3.7 cents to $1.881/MMBtu at around 8:40 a.m. ET. June was trading at $2.077, up 2.6 cents. Domestic production fell to 97.7 Bcf/d in Wood Mackenzie’s latest estimates early Tuesday,…

Natural gas futures pushed ahead on Monday amid expectations for a seasonally modest storage injection and lower production that offset mild spring weather. At A Glance: Production holds below 100 Bcf/d Forecasts call for benign weather NGI models 14 Bcf storage increase Coming off a modest 1.1-cent gain on Friday, the May Nymex gas futures…

Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) tested key resistance but failed to push beyond the $1.906/MMBtu high early last week.  The front-month contract was taking another stab at the upside on Monday, gaining 5.5 cents by midday to $1.840 from a $1.785 settlement ahead of the weekend. “May has done…

LNG cargoes continue to flow to Asia as injections get underway in Europe, where the market is well stocked and demand is low.  Asia has imported 93.8 million tons (Mt) of liquefied natural gas year-to-date, up 8% over the same time last year, according to Kpler data. Meanwhile, European imports of the super-chilled fuel are…