Jeremiah Shelor

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…

Natural gas futures were pushing higher at the front of the curve through midday trading Thursday after the latest government-reported inventory build landed on the leaner side of market expectations. Here’s the latest: June Nymex futures up 10.8 cents to $2.295/MMBtu as of 2:13 p.m. ET Reported 79 Bcf storage build from U.S. Energy Information…

Natural gas futures tested both sides of even in early trading Thursday as the market awaited the latest government inventory report, which was expected to show an injection roughly in line with historical norms. The June Nymex contract was trading at $2.205/MMBtu at around 8:40 a.m. ET, up 1.8 cents. July was up 0.8 cents…

Natural gas futures were lower through midday trading Wednesday, retreating sharply from early highs as the market continued to wrestle with a mixed fundamental outlook underscored by an enduring storage overhang. Here’s the latest: June Nymex futures down 2.4 cents to $2.183/MMBtu as of 2:11 p.m. ET; July off fractionally at $2.469 The rally that…

Spurred on by dipping production figures amid springtime pipeline maintenance, natural gas futures continued to find upward momentum in early trading Wednesday. With bulls aiming to send prices higher for a fifth consecutive session, June Nymex futures were up 5.4 cents to $2.261/MMBtu at around 8:45 a.m. ET. Domestic production totaled 95.1 Bcf/d in early…

Having posted sizable gains since late last week, natural gas futures were up a more modest amount through midday Tuesday; traders were left to mull a fundamental outlook headlined by falling supply estimates. Here’s the latest: June Nymex futures up 1.2 cents to $2.207/MMBtu as of 2 p.m. ET Front month up roughly 20 cents…

As Mountain Valley Pipeline LLC (MVP) seeks to conclude a protracted construction phase and enter service this month, the developer recently experienced a setback in Virginia when a section of pipe ruptured during hydrostatic testing. The incident, which occurred last Wednesday on the MVP mainline in Roanoke County, VA, saw water escape through the rupture;…

With falling supply amid springtime pipeline maintenance supporting the fundamental outlook for natural gas, futures added to their recent gains in early trading Tuesday. The June Nymex contract was up 1.7 cents to $2.212/MMBtu at around 8:30 a.m. ET. July was up 1.2 cents to $2.475.  Daily production declined sharply in updated estimates on Tuesday…

With recent developments supporting the summer export demand outlook, natural gas futures were headed for a third straight daily gain through midday trading Monday. Here’s the latest: June Nymex futures at $2.206/MMBtu, up 6.4 cents, as of 2:17 p.m. ET Nymex natural gas speculators increased their collective net short position during the week ended April…