Natural Gas Prices

A two-day rally in natural gas futures ran out of steam Thursday after the third-highest storage withdrawal on record landed in line with expectations and failed to impress. At A Glance: Print lands near consensus Production at 103.5 Bcf/d Models tease cooler mid-February After bouncing off double-bottom lows since Tuesday, the February Nymex gas futures…

Natural gas futures eased lower early Friday as balmy temperatures weighed on prices, overshadowing a historically large withdrawal in the latest government inventory data. The February Nymex contract was off 4.0 cents to $2.531/MMBtu at around 8:36 a.m. ET, with March down 2.0 cents to $2.160. The U.S. Energy Information Administration’s (EIA) latest weekly storage…

A two-day rally in natural gas futures ran out of steam Thursday after the third-highest storage withdrawal on record landed in line with expectations and failed to impress. At A Glance: EIA prints 326 Bcf withdrawal Prompt month to roll off Monday Models trend colder, still mild After bouncing off double-bottom lows since Tuesday, the…

Facing bearish weather headwinds into early February, regional natural gas forward prices generally drifted lower during the Jan. 18-24 trading period, NGI’s Forward Look data show. Amid a return to the unseasonably mild temperatures that dominated forecast maps prior to a mid-January Arctic cold blast, fixed prices at numerous hubs impacted by the deep freeze…

The U.S. Energy Information Administration (EIA) on Thursday reported a natural gas withdrawal from storage of 326 Bcf for the week ended Jan. 19, the third highest on record, which landed near expectations and blew away the year-earlier decline. Ahead of the 10:30 a.m. ET government report, February Nymex futures were trading up 6.7 cents…

Kinder Morgan Inc. (KMI) executives trumpeted expectations for robust long-term natural gas demand and U.S. supply growth, both for domestic use and a coming surge in LNG exports from the Gulf Coast to meet mounting global energy needs. “The natural gas story has real legs. We don’t think there’s any question about that,” said Richard…

As traders eyed a potentially record-challenging storage withdrawal following widespread winter weather last week, expiring February natural gas futures continued a sharp rebound in early trading Thursday.  The front month, set to roll off the board early next week, was up 13.5 cents to $2.776/MMBtu at around 8:46 a.m. ET. With higher volume, the March…

Natural gas futures rose for a second day Wednesday, supported by still-mild weather forecasts shedding some of their spring-like warmth and a burst of technical momentum across the forward curve. At A Glance: Plus-300 Bcf storage draw expected Forecast remains warmest in 45 years Production rises to 103 Bcf/d Building on a 3.1-cent gain Tuesday,…

Natural gas futures on Tuesday forged ahead for the first time in six sessions, supported by production hiccups and expectations for a near-record storage draw. At A Glance: Futures mount late-day rally Production off by 0.3 Bcf day/day Models point to warmth into February The February Nymex gas futures contract rose 3.1 cents to $2.450/MMBtu.…