MidDay Alert

Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot

Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot

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…

April 24, 2024
Natural Gas Futures Steady, Cash Mixed — MidDay Market Snapshot

Natural Gas Futures Steady, Cash Mixed — MidDay Market Snapshot

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…

April 23, 2024
Natural Gas Futures Advancing as LNG Demand Picks Up — MidDay Market Snapshot

Natural Gas Futures Advancing as LNG Demand Picks Up — MidDay Market Snapshot

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…

April 22, 2024
Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

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…

April 19, 2024
Tightening Storage Surplus Lends Support to Natural Gas Futures – MidDay Market Snapshot

Tightening Storage Surplus Lends Support to Natural Gas Futures – MidDay Market Snapshot

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…

April 18, 2024
Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot

Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot

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…

April 17, 2024
Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot

Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot

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…

April 16, 2024
Natural Gas Futures Sinking on Weak LNG; Bargain Spot Prices Persist — MidDay Market Snapshot

Natural Gas Futures Sinking on Weak LNG; Bargain Spot Prices Persist — MidDay Market Snapshot

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.…

April 15, 2024
Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot

Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot

Natural gas futures were on track to finish near even at the front of the curve through midday Friday as a steep sell-off in the previous session had bulls licking their wounds. Spot prices, meanwhile, were plummeting on pleasant April weather and light weekend demand. Here’s the latest: May Nymex contract at $1.773/MMBtu at around…

April 12, 2024
Natural Gas Futures, Cash Tumbling as Bears in Control — MidDay Market Snapshot

Natural Gas Futures, Cash Tumbling as Bears in Control — MidDay Market Snapshot

Natural gas futures continued to plunge lower through midday trading Thursday as a larger-than-expected storage injection refocused the market’s attention on the post-winter supply glut.  Here’s the latest: May Nymex futures down 13.0 cents to $1.755/MMBtu as of 2:21 p.m. ET A high-side injection miss from the U.S. Energy Information Administration’s (EIA) storage report Thursday…

April 11, 2024
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