The recent pullback in natural gas futures continued Tuesday as disagreement between the major weather models pointed to warmer risks through the remainder of November. Meanwhile, flat-to-lower demand in most regions following the recent cold blast had the spot market awash in red ink, and the NGI National Spot Gas Average fell 9 cents to $2.99.
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December NatGas Called 5 Cents Lower, Warmer Risks Seen For Late November
December natural gas was set to open about 5 cents lower Monday at around $3.16 after weekend shifts in the weather models pointed to warmer risks for later this month.
NGI The Weekly Gas Market Report
Alaska LNG Export Project Draws Vietnamese Support
Alaska Gasline Development Corp. (AGDC) picked up more potential backing for its long-stalled liquefied natural gas (LNG) export project after PetroVietnam Gas (PVGAS) signaled its support on Sunday.
NGI The Weekly Gas Market Report
Winter At Last! Plunging Temps Sent NatGas Forwards Surging Last Week
Natural gas forwards markets shot up an average 25 cents between Nov. 3 and 9 as all the hype about an approaching cold front came to fruition late in the week, sending temperatures plunging to near-record lows, according toNGI’s Forward Look.
December NatGas Retreats on Volatile Weather Outlook; Cash Down on Easing Demand
Natural gas futures fell Monday as traders attempted to decipher a volatile weather outlook showing bearish risks later in the month, while the cash market adjusted to a falloff in demand from last week’s cold blast. Driven by a sharp drop in New England spot prices, the NGI National Spot Gas Average fell 8 cents to $3.08.
Winter At Last! Plunging Temps Send NatGas Forwards Surging Past Key Resistance…Briefly
Natural gas forwards markets shot up an average 25 cents between Nov. 3 and 9 as all the hype about an approaching cold front came to fruition late in the week, sending temperatures plunging to near-record lows, according to NGI’s Forward Look.
NGI The Weekly Gas Market Report
Gulf Coast Exporters Talk Up LNG, Ethane Sales to China
U.S.-based energy companies this week announced billions of potential investments from Chinese firms that would not only ensure financing to develop domestic natural gas but also the wherewithal to export more gas and ethane products to the fastest growing market in the world.
NatGas Futures Gain to Cap Off Strong Week; Cash Falls With Warm-Up Ahead
Natural gas for weekend and Monday delivery traded in the red from coast-to-coast Friday amid a let-off in expected demand following a cold blast sweeping through the Northeast and Midwest. Northeast prices moderated from Thursday’s weather-driven spikes as Midwest points fell by double digits, and the NGI National Spot Gas Average notched a 24-cent decline to end the week at $3.16.
Winter Arrives to Find NatGas Bulls Ready to Shake Off Shoulder Season Lull
Winter started during the week ended Nov. 10, at least as far as natural gas markets were concerned.
NatGas Rally Loses Some Steam Overnight; December Called 2 Cents Lower
After pushing through resistance and trading above $3.220 in the overnight hours, December natural gas was set to open about 2 cents lower Friday amid some warmer changes to the weather models later this month.