Natural Gas Prices

Eschewing the typical shoulder-season themes characteristic of more moderate weather-driven demand, natural gas forwards rallied sharply during the March 31-April 6 trading period as signs of stubbornly stagnating production levels stoked supply adequacy fears. The majority of Lower 48 hubs posted fixed price gains of around 40-60 cents week/week for the May contract, with benchmark…

After cresting the $6.000/MMBtu mark a day earlier – and then surging to a $6.394 intraday peak – natural gas futures ran out of steam Wednesday. Although there were plenty of factors for bulls to hang their hats on, technical momentum was zapped late in the session. The May Nymex gas futures contract settled at…

The Energy Information Administration (EIA) reported a 33 Bcf withdrawal from storage inventories for the week ending April 1, a larger-than-expected pull. The storage figures announced Thursday closed the curtain on the traditional withdrawal season, leaving stocks below historical levels. The news reignited momentum that bulls had lost early in Thursday’s trading session and on…

Bolstered by increased demand expectations from one of the major weather models overnight, natural gas futures were trading higher early Thursday as the market awaited the latest government storage report.  The May Nymex contract was up 11.5 cents to $6.144/MMBtu at around 8:45 a.m. ET. Expectations for this morning’s Energy Information Administration (EIA) storage report,…

After cresting the $6.000/MMBtu mark a day earlier – and then surging to a $6.394 intraday peak – natural gas futures ran out of steam Wednesday. Although there were plenty of factors for bulls to hang their hats on, technical momentum was zapped late in the session. The May Nymex gas futures contract settled at…

U.S. oil and natural gas producers don’t set global commodity prices, nor are they attempting to gouge consumers, executives of the leading domestic explorers told Congress on Wednesday. Top executives of BP America Inc., Chevron Corp., Devon Energy Corp., ExxonMobil, Pioneer Natural Resources Co. and Shell USA Inc. discussed the reasons for sustained high prices…

Supply adequacy fears amid continued signs of underwhelming domestic output, amplified by ongoing geopolitical anxieties, helped natural gas bulls confidently rally futures above the psychological $6.00 threshold Tuesday. Cash prices followed futures higher, with the NGI Spot Gas National Avg. advancing 30.5 cents on the day to finish at $5.785/MMBtu. May Nymex futures soared 32.0…

After eclipsing the $6.00 threshold, natural gas futures showed no signs of slowing down in early trading Wednesday, advancing further against a backdrop of strong demand and supply adequacy concerns.  Coming off a 32.0-cent rally in the previous session, the May Nymex contract was up another 34.5 cents to $6.377/MMBtu at around 8:45 a.m. ET.…

Supply adequacy fears amid continued signs of underwhelming domestic output, amplified by ongoing geopolitical anxieties, helped natural gas bulls confidently rally futures above the psychological $6.00 threshold Tuesday.  At A Glance: Early-cycle pipeline nominations show production drop, fueling supply fears Bullish sentiment continues on “same general narrative” Analysis shows E&Ps sticking to maintenance-level spending Cash…