Natural gas futures mounted momentum Tuesday and posted a second-straight gain, as forecasts pointed to frigid northern weather and production estimates pulled back sharply. At A Glance: Output estimates decline Models show fresh chills LNG activity holds steady The November Nymex gas futures contract settled at $2.971/MMBtu, up 4.5 cents day/day. NGI’s Spot Gas National…
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Sumas Natural Gas Prices Poised for Winter Volatility Given Aging Pipelines, Supply Competition
Sharp price spikes are likely to continue this winter for natural gas delivered to Washington state’s Sumas hub, reflecting a market plagued by deficient infrastructure struggling to keep up with widespread demand growth in the West, according to traders and analysts. Located on the Washington State border with British Columbia (BC), Canada, the Sumas hub…
Market Getting ‘First Taste of Winter’ as Natural Gas Futures Climb Early
As forecasts strengthened a blast of early winter cold expected to sweep through the Lower 48 by the weekend, natural gas futures continued to climb in early trading Wednesday. Coming off a 4.5-cent gain in the previous session, the November Nymex contract was up another 4.3 cents to $3.014/MMBtu at around 8:40 a.m. ET. Natural…
Natural Gas Futures Prices Advance Second Day Amid Production Drop, Northern Cold
Natural gas futures mounted momentum Tuesday and posted a second-straight gain, as forecasts pointed to frigid northern weather and production estimates pulled back sharply. The November Nymex gas futures contract settled at $2.971/MMBtu, up 4.5 cents day/day. NGI’s Spot Gas National Avg. jumped 17.5 cents to $2.220, boosted by demand in the wintry storm-laden Rocky…
Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally
Natural gas futures on Monday finished in positive territory for the first time in nine sessions, supported by expectations of wintry weather in the North this week and the potential for greater heating demand in the month ahead. After dropping 17% over the span of its recent malaise, the November Nymex gas futures contract on…
Natural Gas Futures Strengthen Early on Production Drop, Increasing Cold
Natural gas futures pushed higher early Tuesday as traders factored in increasing cold expectations and a sharp drop-off in the latest production readings. The November Nymex contract was up 5.0 cents to $2.976/MMBtu at around 8:33 a.m. ET. Daily pipeline production estimates from Wood Mackenzie were showing a sizable 3.4 Bcf/d decline day/day as of…
Natural Gas Futures Snap Lengthy Losing Streak Despite Lofty Production; Spot Prices Rally
Natural gas futures on Monday finished in positive territory for the first time in nine sessions, supported by expectations of wintry weather in the North this week and the potential for greater heating demand in the month ahead. At A Glance: Output exceeds 103 Bcf/d Northern demand looms NGI models 79 Bcf injection After dropping…
TTF Climbs as Traders Weigh Threat of Broader Conflict in Middle East – LNG Recap
European natural gas prices inched higher Monday as the threat of a broader conflict in the Middle East offset a warmer forecast and ample supplies on the continent. The December Title Transfer Facility (TTF) contract added about a nickel and again finished above $17/MMBtu. TTF is about 30% higher than it was before Israel declared…
Weekend Production Strength Weighs on Natural Gas Futures Early
Natural gas futures struggled for bullish momentum in early trading Monday as strong production readings overshadowed an upcoming cold shot forecast for the northern Lower 48. The November Nymex contract was off a fraction of a penny to $2.895/MMBtu at around 8:50 a.m. ET, while December was down 1.3 cents to $3.245. Looking at recent…
Weekly Natural Gas Spot Prices, Futures Struggle as Production Powers Up, Demand Stalls
Weekly natural gas cash prices limped lower as near-term forecasts pointed to mostly benign weather and production estimates reached the highest on record. NGI’s Weekly Spot Gas National Avg. for the Oct. 16-20 period declined 12.0 cents to $2.190. As the trading week closed, cash hubs across much of the country were in the red.…