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After a double-digit gain to start the week, natural gas futures retreated a bit Wednesday as a majority of the previously reported production decline
‘Apparent Looseness’ in Natural Gas Market Sinks Futures, Cash Prices Widespread heat not yet showing up in weather models Latest EIA stat sets stage for near triple-digit builds in weeks ahead Cash slides as tropical activity being monitored in GOM A rise in production and the sting of bearish storage data sent natural gas futures prices another leg lower on Friday. The June Nymex gas futures contract closed the week at $2.906, off 1.9 cents day/day. July slipped 1.4 cents to $2.977. Spot gas prices also softened across most of the United States, with early tropical activity dampening de...
Liquefied natural gas volumes again topped 11 BcfEuropean and Asian demand for U.S. exports is strongForecasters expect a hot summer ahead Natural gas
Natural Gas Futures, Cash Prices Slide as Summer Heat Remains Elusive A rise in production and the sting of bearish storage data sent natural gas futures prices another leg lower on Friday. The June Nymex gas futures contract closed the week at $2.906, off 1.9 cents day/day. July slipped 1.4 cents to $2.977. Spot gas prices also softened across most of the United States, with early tropical activity dampening demand along the Gulf Coast. Though East Coast markets firmed a bit ahead of a coming heat wave, NGI’s Spot Gas National Avg. fell 4.5 cents to $2.645. With the expected burst of heat ...
June Natural Gas Futures Reverse Course, Climb with Exports Steady, Cyberattack Resolution in View Natural gas futures on Tuesday bounced back from the prior session’s losses, as export demand and other key fundamentals held strong, while a critical oil pipeline signaled it could restore operations this week following a ransomware attack. The June Nymex contract advanced 2.3 cents day/day and settled at $2.955/MMBtu. July gained 2.1 cents to $2.999. Each had declined 2.6 cents on Monday amid worries about the cybersecurity breach involving Colonial Pipeline Co. The company operates a key de...