NGI Archives

Moderating Heat by Mid-July Helps Pressure Natural Gas Futures Lower in Early Trading

Moderating Heat by Mid-July Helps Pressure Natural Gas Futures Lower in Early Trading

In the aftermath of last week’s heavy sell-off, natural gas futures were trading lower early Tuesday as forecasts shed cooling demand over the weekend. The August Nymex contract was off 35.5 cents to $5.375/MMBtu as of around 8:45 a.m. ET. The outlook for the natural gas market was “surprisingly stable” over the extended Fourth of…

July 5, 2022
August Natural Gas Called Lower Ahead of EIA Report; Forecasts Seen Slightly Hotter

August Natural Gas Called Lower Ahead of EIA Report; Forecasts Seen Slightly Hotter

Natural gas futures were trading slightly lower early Thursday as the market prepared to examine the latest government inventory report for further signs of balance impacts from downtime at a major U.S. export terminal.  The August Nymex contract was off 6.9 cents to $6.429/MMBtu at around 8:50 a.m. ET. Surveys ahead of the Energy Information…

June 30, 2022
Higher Production, Weaker LNG Export Volumes Seen Pressuring Natural Gas Futures

Higher Production, Weaker LNG Export Volumes Seen Pressuring Natural Gas Futures

Bearish-trending fundamentals data over the weekend kept the pressure on natural gas futures in early trading Monday. The expiring July Nymex contract, scheduled to roll off the board Tuesday, was off 3.5 cents to $6.185/MMBtu at around 8:45 a.m. ET. August was down 2.8 cents to $6.253. Prices have been facing downward pressure from a…

June 27, 2022
Impact of Freeport LNG Outage to Play Out in Latest EIA Print as Natural Gas Called Lower

Impact of Freeport LNG Outage to Play Out in Latest EIA Print as Natural Gas Called Lower

As traders and analysts prepared to examine the latest round of government inventory data in the context of ongoing balance impacts from the Freeport liquefied natural gas (LNG) terminal outage, natural gas futures retreated in early trading Thursday. The July Nymex contract was off 13.3 cents to $6.725/MMBtu at around 8:50 a.m. ET. August was…

June 23, 2022
Natural Gas Futures Extend Losses as Weekend Forecasts Lower Cooling Demand

Natural Gas Futures Extend Losses as Weekend Forecasts Lower Cooling Demand

A drop in cooling demand expectations over the extended weekend, set against a backdrop of a prolonged outage at a major U.S. export facility, saw natural gas futures extend their losses in early trading Tuesday. Coming off a 52.0-cent plunge back on Friday, the July Nymex contract was down another 26.0 cents to $6.684/MMBtu at…

June 21, 2022
Natural Gas Futures Rebound Early as Traders Weigh Freeport Outage, Potentially Hot Summer

Natural Gas Futures Rebound Early as Traders Weigh Freeport Outage, Potentially Hot Summer

Natural gas futures rebounded early Wednesday as traders continued to mull the impact of an extended outage at the Freeport liquefied natural gas (LNG) export terminal in the context of storage deficits and a potentially hot summer ahead. After plummeting $1.420 in Tuesday’s session following news that the Freeport LNG facility won’t see a return…

June 15, 2022
June Heat Keeps Cooling Demand Outlook Strong as Natural Gas Futures Pare Losses

June Heat Keeps Cooling Demand Outlook Strong as Natural Gas Futures Pare Losses

A robust cooling demand outlook offered support for natural gas futures in early trading Tuesday as the front month pared losses from the previous session. Coming off a 24.1-cent decline in Monday’s trading, the July Nymex contract was up 4.0 cents to $8.649/MMBtu at around 8:50 a.m. ET. Amid toasty temperatures in the forecast, this…

June 14, 2022
September Natural Gas Prices Hit $4.20 Ahead of Potentially Lowest Injection of Season

September Natural Gas Prices Hit $4.20 Ahead of Potentially Lowest Injection of Season

After two solid days in the black, natural gas futures prices reached new heights on Wednesday as production continued to decline, and hot weather remained firmly in next week’s forecast. The September Nymex gas futures contract hit a $4.205 intraday high before settling at $4.158, up 13.1 cents from Tuesday’s close. At A Glance: Next…

August 4, 2021
Appalachia’s CNX Balks at Merger Talk, while Antero Concentrates on Cost Cutting

Appalachia’s CNX Balks at Merger Talk, while Antero Concentrates on Cost Cutting

Appalachian pure-play CNX Resources Corp. indicated Thursday that a merger with any of its peers is likely out of the question when measured against current performance and the value it’s likely to create in the coming years.  “You’re going to need to find someone who is not going to weaken or dilute our best in…

October 30, 2020
Oklahoma Pure-Play Chaparral Exits Bankruptcy as Private E&P

Oklahoma Pure-Play Chaparral Exits Bankruptcy as Private E&P

Oklahoma City-based independent Chaparral Energy Inc. has emerged from bankruptcy for a second time, this time as a privately held company. The Anadarko Basin-focused exploration and production (E&P) firm said it has equitized all $300 million of its unsecured senior notes due 2023, reduced its annual interest expense by more than $25 million and “significantly…

October 16, 2020
‹ Previous 1 2 3 7,387