MidDay Alert

After a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data. Here’s the latest: Soon-to-expire May Nymex futures down 2.2 cents to $1.631/MMBtu at around 2:10 p.m. ET Henry Hub spot…

Amid signs of ongoing issues at a major U.S. LNG export terminal, and with physical market prices pointing to weak near-term fundamentals, natural gas futures were headed for heavy losses as of midday trading Wednesday.  Here’s the latest: May Nymex futures down 13.2 cents to $1.680/MMBtu as of 2:11 p.m. ET Day-ahead Henry Hub prices…

Natural gas futures visited both sides of even through midday Tuesday as traders mulled less-than-inspiring forecasts and strengthening export volumes. Cash markets were mixed, with some chilly spring weather failing to have much impact on Midwest and Northeast prices. Here’s the latest: May Nymex futures up 0.7 cents to $1.798/MMBtu as of 2:08 p.m. ET…

Rebounding export demand, including at the Freeport LNG terminal, helped natural gas futures carve out modest gains at the front of the curve through midday trading Monday.  Here’s the latest: May Nymex futures up 2.3 cents to $1.775/MMBtu as of 2:15 p.m. ET; June up 5.9 cents to $2.047  “As we approach contract rollover later…

Natural gas futures were essentially flat through midday trading Friday, with prices seemingly lacking direction amid the competing fundamental trends of sagging export demand and fading production. Here’s the latest: May Nymex futures off fractionally at $1.756/MMBtu at around 2:30 p.m. ET U.S. drops three natural gas rigs in latest Baker Hughes Co. count The…

Natural gas futures were slightly higher through midday trading Thursday, supported in part by an on-target government inventory report that showed a modestly shrinking surplus. Here’s the latest: May Nymex futures were up 3.9 cents to $1.751/MMBtu as of 2:23 p.m. ET The Energy Information Administration (EIA) reported a 50 Bcf injection into natural gas…

Natural gas futures remained lower through midday trading Wednesday as LNG export demand weakness continued to weigh on prices. Physical markets were strengthening somewhat amid modestly cooler weather expected later this week. Here’s the latest: May Nymex futures were off 3.1 cents to $1.701/MMBtu as of 2:01 p.m. ET Pipeline flows to U.S. liquefied natural…

Natural gas futures were headed for another daily decline through midday trading Tuesday before a sudden burst higher around 2 p.m. ET threatened to give market onlookers whiplash. Cash prices for the most part were advancing modestly off recent lows. Here’s the latest: May Nymex futures at $1.722/MMBtu as of 2:14 p.m. ET, up 3.1…

Natural gas markets felt the pressure of soft shoulder season fundamentals through midday trading Monday. Pleasant April weather, sagging export volumes and the continued inversion of the West Texas spot market contributed to a bearish outlook. Here’s the latest: May Nymex futures down 9.0 cents to $1.680/MMBtu as of 2:17 p.m. ET Flows to U.S.…