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Natural Gas Futures

All articles tagged with #natural gas futures

energy2 years ago•1 min saved

Natural Gas Prices Plummet Amidst LNG Facility Delay and Above-Average U.S. Temperatures

Natural gas futures plummeted after news of a delayed completion of a major LNG export facility intensified concerns about a storage glut. The decline was driven by robust production and weak weather-related demand. The front-month natural gas futures contract settled down 14.1 cents at $2.569/MMBtu, while February futures dropped 15.0 cents to $2.517. The spot gas national average also sank 52.5 cents to $3.030.

via Natural Gas Intelligence|

#energy #lng-facility #natural-gas-futures

energy2 years ago•1 min saved

Natural Gas Futures Surge on Bullish Storage Data and Rising Costs for Producers

The U.S. Energy Information Administration (EIA) reported a smaller-than-expected injection of 33 Bcf natural gas into storage for the week ended Sept. 1, causing a rally in Nymex natural gas futures. Prior to the report, market expectations ranged from 33 Bcf to 65 Bcf, with a median estimate of 42 Bcf. The October futures contract initially rose to $2.600/MMBtu before settling at $2.590/MMBtu, up 8.0 cents.

via Natural Gas Intelligence|

#eia #energy #market-expectations

energy2 years ago•0 min saved

Natural Gas Prices Plummet Amidst Cooling Demand Collapse

Natural gas futures experienced a sharp decline in after-hours trading due to a weaker weather-driven demand outlook for September. The October Nymex contract dropped 17.5 cents to $2.590/MMBtu, while November fell 12.6 cents to $2.985. Cooler trends from weather models and the European model's projection of seasonal temperatures and demand levels contributed to the decline.

via Natural Gas Intelligence|

#cooling-demand #energy #natural-gas-futures

energy2 years ago•0 min saved

Natural Gas Futures Surge Amid September Heat and Potential Demand Destruction

Natural gas futures rallied as traders anticipated increased demand due to a strengthening outlook for September heat. However, the potential impact of tropical cyclone Idalia threatens to temper this demand. Both the European and American models indicate hotter trends for next week, leading to an increase in cooling degree days. Additionally, estimates for this week's Energy Information Administration storage report have declined following a surprising 18 Bcf injection, which exceeded expectations.

via Natural Gas Intelligence|

#demand #energy #energy-information-administration

energy2 years ago•0 min saved

Natural Gas Futures Rise as EIA Storage Print Reduces Surplus

Natural gas futures rebounded as traders anticipated the latest U.S. Energy Information Administration (EIA) storage report, which is expected to show a smaller-than-average increase in domestic storage for the week ending August 11. Estimates suggest a 34 Bcf injection, tighter than the five-year average of 41 Bcf. This could help trim the current storage surplus.

via Natural Gas Intelligence|

#domestic-storage #eia-storage-report #energy

energy2 years ago•1 min saved

Natural Gas Prices Soar as Heatwave Sparks Demand Surge

Natural gas futures and spot gas prices rose on Monday, driven by a hot late-August forecast and the potential for a decline in the storage surplus. The September Nymex gas futures contract settled at $2.725/MMBtu, up 14.8 cents from Friday. Spot gas prices, including the NGI Spot Gas National Avg., also increased. Hellish temperatures in Texas are expected to continue, with electricity demand records likely to be broken.

via Natural Gas Intelligence|

#cash-prices #electricity-demand #energy

energy2 years ago•0 min saved

Natural Gas Prices Set for Wild Volatility Amidst Storage Concerns and Expiry

Natural gas futures reversed higher in early trading as increased volatility is expected with the expiration of the July contract, which could bring "wild volatility" to the market. The sell-off in the previous session may have been influenced by options expiration and profit taking among traders. Additionally, concerns about the Electric Reliability Council of Texas grid's ability to withstand the current period of uncertainty may have contributed to the slide in prices.

via Natural Gas Intelligence|

#energy #expiration #fundamental-factors

energy2 years ago•1 min saved

Natural Gas Prices Fluctuate Amid Mixed Forecasts and Heat Waves

Natural gas futures fell on Tuesday due to profit-taking after a strong rally last week, while concerns about ample storage supplies continued to weigh on the market. The July Nymex gas futures contract settled at $2.492/MMBtu, down 14.0 cents day/day. Cooling demand increased, and the falling rig counts were in focus. Meanwhile, NGI's Spot Gas National Avg. rose 20.5 cents to $2.180, extending gains made over the course of last week amid mounting demand.

via Natural Gas Intelligence|

#cooling-demand #energy #natural-gas-futures