Natural Gas Prices

Natural gas futures gained back a couple pennies in early trading Thursday as the market prepared to assess the latest government inventory data, expected to show a larger-than-average springtime injection. Coming off a 14.4-cent swoon in the previous session, the May Nymex contract was up 2.7 cents to $2.249/MMBtu at around 8:45 a.m. ET. Predictions…

After a nearly 36.0-cent rally over the past three trading sessions, natural gas traders booked profits amid a stable weather outlook and continued soft production. The May Nymex gas futures contract settled Wednesday at $2.222/MMBtu, off 14.4 cents from Tuesday’s close. June futures fell 12.2 cents to $2.395. At A Glance: Near-term outlook still bearish…

Natural gas futures climbed for a third day, with seasonal buying, growing confidence in a chillier late-April and softer production all in play. The May Nymex gas futures contract settled Tuesday at $2.366/MMBtu, up 9.1 cents on the day. June futures rose 7.3 cents to $2.517. Spot gas prices shifted in both directions as production…

U.S. Pacific regional storage facilities, in contrast to the rest of the Lower 48, limped to the end of winter withdrawal season with the lightest level of natural gas inventories in more than a decade, an analysis by East Daley Analytics found. While weather proved seasonally mild across much of the country in early 2023,…

Oil and gas executives in the Rockies and Midcontinent have once again downwardly revised their expectations for Henry Hub natural gas prices over the near term, according to a new survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed’s quarterly Tenth District Energy Survey gauges current and expected oil and gas…

Natural gas futures pared their recent gains in early trading Wednesday as the market continued to mull the impact on balances of a chilly late April weather pattern. After rallying the past three sessions, including a 9.1-cent gain on Tuesday, the April Nymex contract was down 9.0 cents to $2.276/MMBtu at around 8:40 a.m. ET.…

Natural gas futures climbed for a third day, with seasonal buying, growing confidence in a chillier late-April and softer production all in play. The May Nymex gas futures contract settled Tuesday at $2.366/MMBtu, up 9.1 cents on the day. June futures rose 7.3 cents to $2.517. Spot gas prices shifted in both directions as production…

Natural gas futures strengthened Monday as weather models trended cooler for late April, providing support to a market awash in supply but also seeing a surge in LNG demand. The May Nymex gas futures contract settled at $2.275/MMBtu, up 16.1 cents on the day. June futures climbed 13.9 cents to $2.444. Spot gas prices also…

The weekly U.S. rig count reports may look cut-and-dried, but the seesaw in oil and natural gas activity doesn’t tell the full story. Just ask Patterson-UTI Energy Inc. CEO Andy Hendricks. It’s one thing to denote how many rigs are in operation and in what basins. A more pertinent question, though, is what type of…