MidDay Alert

As another unseasonable storage result loomed, threatening to further expand an already huge inventory surplus, natural gas futures retreated through midday trading Wednesday. Meanwhile, with snow in the forecast for the Northeast, spot prices there rallied. Here’s the latest: April Nymex contract down 5.1 cents to $1.693/MMBtu as of 2:09 p.m. ET After going as…

Natural gas futures remained modestly higher at the front of the curve through midday trading Tuesday as prices continued to draw support from a relatively cool forecast and flagging production. Meanwhile, West Texas spot prices remained on the wrong side of zero. Here’s the latest: April Nymex contract up 3.2 cents to $1.735/MMBtu as of…

Natural gas futures pull back from early highs but still in positive territory as weather models seen cooler over weekend April Nymex contract trading at $1.713/MMBtu as of 2:10 p.m. ET, up 5.8 cents “Changes over the weekend were colder, particularly for the Plains and Midwest” throughout 15-day projection period, according to Maxar meteorologist Brad…

Natural gas futures dropped sharply midday amid speculation over potential repairs at Freeport LNG terminal April Nymex contract climbed to near $1.720/MMBtu before sell-off kicked in around 12:40 p.m. ET Front month off 8.6 cents to $1.655 as of 2:28 p.m. ET Per Bloomberg report: Freeport Train 3 restarting, but repairs expected for liquefied natural…

Natural gas futures continue rallying through midday after supportive government inventory data April Nymex futures up 7.7 cents to $1.735/MMBtu as of 2:13 p.m. ET; May up 7.2 cents to $1.856 U.S. Energy Information Administration (EIA) reported 9 Bcf withdrawal for week ended March 8, tighter versus estimates but loose versus historical norms Per Gelber…

Soft near-term fundamentals keeping pressure on natural gas futures at the front of the curve through midday trading April Nymex contract down 3.7 cents to $1.677/MMBtu as of 1:56 p.m. ET; May off 2.9 cents at $1.794 LNG export demand down to 12.6 Bcf/d in latest Wood Mackenzie estimates Deliveries to Freeport well below capacity…

Natural gas futures pull back sharply from early highs as bears reassert control amid mild weather, storage glut April Nymex contract down to $1.696/MMBtu, off 6.3 cents, as of 2:21 p.m. ET Front month reached $1.823 high in morning trading after CNX Resources Corp. announced roughly 30 Bcfe production cut Swift reversal for prices started…

Natural gas futures retreating through midday trading as expanding storage surplus outweighing cooler temperatures into late March April Nymex contract off 3.6 cents to $1.769/MMBtu as of 2:10 p.m. ET; May down 5.0 cents to $1.873 Lower 48 storage surplus versus five-year average poised to pass 600 Bcf; NGI modeling 3 Bcf withdrawal for week…

Natural gas futures slightly lower through midday trading as underwhelming weather limiting upside April Nymex contract down 1.1 cents to $1.807/MMBtu as of 2:30 p.m. ET; May off 2.7 cents to $1.925 U.S. down four natural gas rigs, including three in Haynesville Shale, per latest Baker Hughes Co. count Production totaling 101.5 Bcf/d for Friday,…