With extreme polar vortex cold set to arrive next week and guidance advertising cooler trends into early February, natural gas futures rebounded Thursday from a sharp sell-off earlier in the week.
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New England Daily Dashboard Providing Energy Market Data, Says EIA
The Energy Information Administration (EIA) has begun publishing a daily interactive dashboard with an integrated view of energy commodities, including natural gas, liquefied natural gas (LNG), electricity, petroleum products and market-influencing fundamentals, such as weather, that may influence consumption, prices, flows and security in New England.
NGI’s U.S. LNG Tracker Providing Holistic View of Emerging Market
Expanding upon its natural gas flow tracking capabilities, Natural Gas Intelligence (NGI) has launched a product to provide its readers a more comprehensive view of the burgeoning liquefied natural gas (LNG) market.
Early Natural Gas Futures Gains Evaporate as Forecasts Fail to Impress; Cash Mixed
Forecasts failed to offer enough cold to impress the natural gas futures market Wednesday, with prices continuing to trend in the polar opposite direction of last week’s weather-driven gains. Spot prices were mixed, with gains in the Midwest countering declines further east as traders braced for another round of cold temperatures set to arrive in the Lower 48 this week; the NGI Spot Gas National Avg. finished 3.5 cents higher at $3.140/MMBtu.
Natural Gas Bulls Can’t Hold Ground as Early Gains Disappear; Spot Prices Mixed
Forecasts failed to offer enough cold to impress the natural gas futures market Wednesday, with prices continuing to trend in the polar opposite direction of last week’s weather-driven gains. Spot prices were mixed, with gains in the Midwest countering declines further east as traders braced for another round of cold temperatures set to arrive in the Lower 48 this week; the NGI Spot Gas National Avg. finished 3.5 cents higher at $3.140/MMBtu.
Natural Gas Futures Rebound Early on Cold Seen Extending Further into February
February Nymex natural gas futures were trading 9.8 cents higher at $3.138/MMBtu shortly before 9 a.m. ET Wednesday as forecasters highlighted overnight guidance showing late January cold extending further into February.
Texas Upstream Jobs Rebound in December
Oil and natural gas employment in Texas reversed from a November slump to gain 3,200 jobs in the upstream sector for the final month of the year, according to the Texas Workforce Commission.
Intense Cold Potentially Easing by Early February; Natural Gas Futures Called Lower
February Nymex natural gas futures were down 23.8 cents to $3.244/MMBtu shortly before 9 a.m. ET Tuesday as the latest forecasts indicated the current cold pattern might give way to warmer temperatures early next month.
LNG Export Growth May Add Twist to Perplexing South Central Storage Behavior
A watershed year for U.S. liquefied natural gas (LNG) export capacity in 2019 could lead to changes in storage behavior in a region where a lack of transparent intrastate pipeline flow data has left market observers without a firm grasp on activity, according to analysts.
Moderating Forecasts Send Natural Gas Futures, Spot Prices Plunging
Another weekend shift in the weather outlook sent natural gas futures plunging Tuesday as guidance indicated cold temperatures to close out January could fizzle out sooner rather than later. In the spot market, forecasts for a warm-up following Monday’s intense cold blast helped drive discounts across most regions; the NGI Spot Gas National Avg. sank $1.415 to $3.105/MMBtu.