A combination of lower production estimates and hotter overnight forecast trends helped lift natural gas futures in early trading Wednesday. The August Nymex contract was up 14.5 cents to $5.668/MMBtu as of around 8:50 a.m. ET. A day/day drop in production estimates of around 1.6-1.9 Bcf/d was “providing fundamental cover” for higher prices as of…
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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…
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…
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…
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…
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…
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 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…
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…
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…