September natural gas in Wednesday’s trading reflected the market’s continued disappointment with summer cooling demand, dropping close to a nickel. With bidweek just around the corner, the cash market largely moved in lockstep with the futures; most regions dropped 2-4 cents, and the NGI National Spot Gas Average finished down 6 cents at $2.68/MMBtu.
Markets
Articles from Markets
September NatGas Called a Penny Lower on Less Supportive Weather
September natural gas was set to open a penny lower Wednesday as forecasts shift cooler and the market struggles to build on last week’s gains. Overnight oil markets crept higher.
August 16, 2017
Mexico’s Sener Expects Draft of NatGas Storage Policy by September
The Mexican Energy Secretariat, Sener, expects to release a draft of its public policy for natural gas storage in early September, according to the head of the ministry’s industrial transformation unit.
August 15, 2017
NatGas Cash Flat, Futures Ease As Tropical Activity Increases
Physical natural gas for Wednesday delivery was unchanged and futures slipped lower Tuesday as the cash market was torn between strong pricing along the Eastern Seaboard and weak pricing in the Rockies and California.
August 15, 2017
Mexico Economy Expands in 2Q; Oil Exports Jump 34% January to May
Mexico’s economy posted solid growth during the second quarter, with oil exports climbing 34.4% in the first five months of 2017 year/year, according to research by the Federal Reserve Bank of Dallas.
August 14, 2017
Summer Not Over Yet; NatGas Forwards Jump 22 Cents Last Week
What a difference a week makes. Just one week after plunging by double digits, natural gas September forward prices vaulted an average 22 cents from Aug. 4 to 10 as weather forecasts became more convincing that the United States will experience more hot weather for the second half of August and into the first week of September.
August 14, 2017
NatGas Cash Gains Easily Outdistance Tranquil Futures; September Retreats 2 Cents
Physical natural gas for Tuesday delivery bounded higher Monday, led by jumps of as much $1 or more at some eastern locations. Most losses were confined to California, but Rockies quotes also failed for the most part to ride the groundswell higher.
August 14, 2017
September Called Penny Lower After Thursday’s Advance
September natural gas was set to open about a penny lower at $2.973 Friday, holding onto most of Thursday’s 10-cent gain as overnight weather data showed little to push the market in either direction. Overnight oil markets were down slightly.
August 11, 2017
U.S. LNG Export Trade Jumps 1,000% in 1Q, While Canadian NatGas Imports Increase 9%
Natural gas sales heated up across North America in the first three months of the year, raising volumes and prices of flows between Canada, the United States and Mexico, according to the U.S. Department of Energy (DOE).
August 11, 2017
NatGas Forwards Leap 22 Cents On Looming Heat, Bullish Storage Report
What a difference a week makes. Just a week after plunging by the double digits, natural gas September forward prices vaulted an average 22 cents from Aug. 4 to 10 as weather forecasts became more convincing that the United States will experience more hot weather for the second half of August and into the first week of September.
August 11, 2017
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