With updated weather models seen teasing the possibility of colder temperatures developing next month, natural gas futures rallied sharply early Friday. The November Nymex contract was up 14.8 cents to $5.263/MMBtu as of around 8:50 a.m. ET. The latest model runs as of early Friday showed a setup that could increase the chances for more…
Topic / Natural Gas Prices
SubscribeNatural Gas Prices
Articles from Natural Gas Prices
Natural Gas Forwards Plunge on Mild Temps, Narrowing Storage Deficit
A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…
Growing Storage Sinks Natural Gas Futures, but Storms Drive More Gains for Cash
A steadily improving U.S. supply picture sealed the move lower for natural gas futures on Thursday. The November Nymex gas futures, already down early in the session, slid further after the latest government inventory report and settled at $5.115/MMBtu, off 5.5 cents from Wednesday’s close. December slid a steeper 10.1 cents to $5.346. Spot gas…
Natural Gas Prices Moderating on Mild Weather, Improving Supply — Mexico Spotlight
North American natural gas prices moderated this week as temperatures remained warm and storage inventories continued to grow. NGI natural gas prices at Monterrey and Los Ramones near the border with Texas dropped below $5.00/MMBtu for the first time in over a month. U.S. futures prices for November and December delivery also dipped in this…
NOAA’s Winter Weather Outlook a Mixed Bag for Natural Gas Demand
Looming winter freezes could drive elevated demand for natural gas in parts of the northern United States, while festering drought conditions in the Southwest could fuel consumption when weather heats up next spring to offset lighter hydropower. Elsewhere, demand could prove lighter than normal. These were among the takeaways from the National Oceanic and Atmospheric…
Precision Drilling CEO Bullish on Improving North American Oil, Natural Gas Activity
Precision Drilling Corp., an oilfield services behemoth whose reach extends across Canada, the United States and into international markets, is seeing “ the most promising backdrop for our business that we have experienced in almost a decade,” CEO Kevin Neveu said Thursday. The bullish views have led the Calgary-based operator to pump up its capital…
FERC Foresees 103% Henry Hub Natural Gas Price Increase for Winter
Despite projecting higher-than-average temperatures across much of the United States this winter that would typically dampen gas-fired power demand, FERC on Thursday predicted rising natural gas prices for the period. A newly released Federal Energy Regulatory Commission report, “2021-2022 Winter Energy Market and Reliability Assessment,” anticipates an average Henry Hub futures price of $5.63/MMBtu for…
Natural Gas Futures Up Again After Late Rally; Chilly Blasts Boost Cash
After trading sideways for the better part of Wednesday’s session, natural gas futures surged in the last half hour as the tight global supply backdrop provided bulls the justification for another rally. The November Nymex gas futures contract settled at $5.170/MMBtu, up 8.2 cents on the day. December edged up 9.7 cents to $5.447. At…
EIA’s 92 Bcf Natural Gas Storage Build Shrinks Deficit, Pressures Prices
The Energy Information Administration (EIA) reported a 92 Bcf injection into natural gas storage for the week ending Oct. 15, coming in slightly above consensus but within the range of expectations. The latest EIA figure, another sign of improving U.S. supply ahead of the winter, sent gas prices — already lower day/day early in Thursday’s…
Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected
Natural gas futures pulled back early Thursday as traders prepared to digest the latest round of government inventory data, expected to show a sixth straight higher-than-average injection into Lower 48 stocks. The November Nymex contract was off 10.8 cents to $5.062/MMBtu at around 8:45 a.m. ET. Surveys ahead of the latest U.S. Energy Information Administration…