Forecasts for dramatic warm-up after this week’s snowy, chilly week sent natural gas futures prices tumbling on Monday. The November Nymex gas futures contract plummeted 45.4 cents to $5.999/MMBtu, while December futures dropped 34.8 cents to $6.479. At A Glance: Weather models agree on warmth’s return Production recovers above 100 Bcf/d Chilly temperatures seen through…
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Mexico Seeking to Join Latin American Peers in Hydrogen Push
As numerous Latin American nations announce hydrogen projects with an eye toward the global market, Mexico is looking to join the party. “At a federal level, nothing is really happening,” Mexico energy expert Gonzalo Monroy told NGI’s Mexico GPI, “but there are initiatives at the local level.” One of those initiatives was the formal launch…

Natural Gas Futures Notch Small Gain as Production Drops 2 Bcf/d; Cash Still Strong
Natural gas futures rebounded a bit Tuesday as production declined and liquefied natural gas (LNG) demand held firmly above the 4.5 Bcf/d mark. After swinging in a roughly 10-cent range, the September Nymex gas futures contract settled at $2.171, up 1.8 cents. October climbed 2.4 cents to $2.311. Spot gas prices continued to climb across…

September Natural Gas Futures Give Up More Ground as Hurricane Approaches, Temperatures Cool
September natural gas futures on Friday declined for a second day in a row as summer heat was forecast to fade, a new hurricane raced toward Florida and coronavirus-induced economic concerns weighed on markets. The September Nymex contract shed 3.0 cents day/day and settled at $1.799/MMBtu. October fell 3.4 cents to $1.957. NGI’s Spot Gas…

August Natural Gas Futures Bounce Back Despite Mixed Views on Weather, Export Demand
August natural gas futures rebounded Tuesday amid news of continued robust exports to Mexico and a varied weather outlook that anticipates cooler near-term conditions but potential for heat to intensify in coming weeks. Analysts cautioned trading would be choppy ahead of the September contract becoming the front month on Thursday. The August Nymex contract rose…

As Intense Heat Simmers, August Natural Gas Futures Trade Higher Ahead of Next Storage Report
Natural gas futures advanced Wednesday as markets mulled prospects for continued intense heat along and estimates for a bullish storage injection report. The August Nymex contract advanced 3.2 cents day/day and settled at $1.778/MMBtu. September rose 3.1 cents to $1.818. NGI’s Spot Gas National Avg. declined a half-cent to $1.670. Bespoke Weather Services said that…

August Natural Gas Futures Eke Out Modest Gain on Cooling Demand Expectations
Ongoing expectations for above-normal temperatures and strong cooling demand through July and beyond nudged August natural gas futures higher Tuesday. The August Nymex contract rose seven-tenths of cent day/day and settled at $1.746/MMBtu. September, however, decreased 1.0 cent to $1.787. NGI’s Spot Gas National Avg. declined 4.5 cents to $1.675. While the latest forecasts lack…

Weekly Natural Gas Prices Post Solid Gains as Summer Temperatures Soar
Spot prices surged over the course of the week as robust heat stretched across the country, with highs reaching into the triple-digits over swaths of Texas and the Southwest. Strong cooling demand propelled weekly spot gas prices for the July 6-10 period. NGI’s Weekly Spot Gas National Avg. advanced 22.0 cents to $1.730. Though forecasts…

August Natural Gas Futures Finish Uneven Week on a High Note
Though forecasts eased some early Friday, expectations for continued extreme summer heat and robust cooling demand outshined a weak outlook for liquefied natural gas (LNG) and storage concerns, helping natural gas futures rebound from losses a day earlier. The August Nymex contract gained 2.6 cents day/day and settled at $1.805/MMBtu. September rose 2.6 cents to…

Despite Headwinds, Summer Heat Props Up Weekly Natural Gas Prices
Newly intensified coronavirus outbreaks threatened energy demand, but rising summer temperatures across much of the Lower 48 boosted cash prices for the June 22-26 period. NGI’s Weekly Spot Gas National Avg. for the June 22-26 period climbed 9.5 cents to $1.520. Stronger summer conditions took hold during the week – following a relatively mild stretch…