May natural gas futures moved to the front of the curve for the first time Thursday and took a beating after a bearish storage print affirmed supply/demand imbalance concerns heading into shoulder season. The May Nymex gas futures contract lost 8.0 cents day/day and settled at $2.104/MMBtu. June fell 9.0 cents to $2.358. NGI’s Spot…
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North American Trade Relations Sour; Light Natural Gas Prices Persist – Mexico Spotlight
On its first day as the prompt month, the May New York Mercantile Exchange natural gas futures contract lost 8.0 cents day/day on Thursday and settled at $2.104/MMBtu. June fell 9.0 cents to $2.358. On Wednesday, April futures fell 3.9 cents day/day to roll off the books at $1.991/MMBtu, the lowest price all month. U.S.…
Oversupply Concerns Drag Natural Gas Forward Prices Lower
The selloff continued for the majority of U.S. natural gas forward markets in the final week of March as production proved too lofty amid declining weather-driven demand and healthy inventory levels. The April contract rolled off the board between 10 and 20 cents lower, while the May contract – which took over the prompt-month position…
Natural Gas Price Uncertainty, Federal Policies Escalating Unease for U.S. E&Ps, OFS
Plummeting natural gas prices, workforce shortages, cost inflation and frustration with federal policies are a few of the challenges giving U.S. oil and gas executives headaches, according to a new survey conducted by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is better known, collected responses from 147 firms from March 15-23…
Expiring April Natural Gas Futures Fell Below $2 as Downward Price Pressure Endures
The April Nymex natural gas futures contract floundered on its final day as the front month – a third consecutive loss – as the intersection of robust production and waning demand again captured traders’ attention. April futures on Wednesday fell 3.9 cents day/day to close at a monthly low of $1.991/MMBtu. It then rolled off…
What Did Our Editors Learn at CERAWeek 2023? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Managing Editor Carolyn Davis has a roundtable chat with editors Jacob Dick, Kevin Dobbs and Morgan Evans about what they learned at this year’s CERAWeek by S&P Global conference in Houston. The latest on natural gas prices, potential breakthroughs on U.S.…
Natural Gas Futures Slide Ahead of Tight Withdrawal from EIA as Forecasts Trend Milder
Despite expectations for a rare surplus-shrinking result from the latest government inventory data, natural gas futures skidded lower in early trading Thursday as forecasts pointed to mild springtime demand that would preserve a healthy storage cushion. The May Nymex contract was down 6.1 cents to $2.123/MMBtu at around 8:45 a.m. ET. Expectations for Thursday’s Energy…
Expiring April Natural Gas Futures Fall Below $2 as Downward Price Pressure Endures
The April Nymex natural gas futures contract floundered on its final day as the front month – a third consecutive loss – as the intersection of robust production and waning demand again captured traders’ attention. At A Glance: Production offsets LNG demand Analysts see 50s Bcf withdrawal May takes over as prompt month April futures…
Ahead of Expiration, April Natural Gas Futures Falter Again; Spot Prices Slip
Beleaguered natural gas futures fell a second day, hampered again by robust supplies and weakening weather-driven demand. The April Nymex gas futures contract lost 5.8 cents day/day and closed at $2.030/MMBtu. May futures settled at $2.147, down 6.8 cents. NGI’s Spot Gas National Avg. slipped 9.5 cents to $2.470. Production held above 100 Bcf/d on…
Expiring April Natural Gas Contract Tests Sub-$2 Early as Weather Patterns Underwhelm
Weighed down by a healthy storage cushion as the market exits the withdrawal season, natural gas futures continued to grind lower in early trading Wednesday. The expiring April Nymex contract was down 3.9 cents to $1.991/MMBtu at around 8:40 a.m. ET. May was off 2.2 cents to $2.125. Natural gas prices have been “tempting the…