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Quiet Session Ends with Nymex Natural Gas Prices Slightly Lower


Quiet Session Ends with Nymex Natural Gas Prices Slightly Lower
Natural gas prices sink a bit as weather turns warmer
Longer-term outlook still positive, though storage concerns already emerging
West Coast storms fuel cash prices
Like most Fridays, price action along the Nymex futures curve stagnated as traders continued to digest the latest storage and weather data. Volumes also were low with only days to go before the May contract rolls off the board.
The prompt month capped the week at $2.730, off 1.9 cents from Thursday’s close. June slipped 1.3 cents to $2.818.
Spot gas prices continued to come off recent peaks in much of the country with the focus turning to the near-perfect weather pattern for the final week of April into early May. NGI’s Spot Gas National Avg. slipped 1.5 cents to $2.570. ....

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Natural Gas Futures Soften in Sleepy Close to Week; Strong California Demand Drives Cash


Natural Gas Futures Soften in Sleepy Close to Week; Strong California Demand Drives Cash
Like most Fridays, price action along the Nymex futures curve stagnated as traders continued to digest the latest storage and weather data. Volumes also were low with only days to go before the May contract rolls off the board.
The prompt month capped the week at $2.730, off 1.9 cents from Thursday’s close. June slipped 1.3 cents to $2.818.
Spot gas prices continued to come off recent peaks in much of the country with the focus turning to the near-perfect weather pattern for the final week of April into early May. NGI’s Spot Gas National Avg. slipped 1.5 cents to $2.570. ....

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Oil, Gas, And Fracking News Read 18April 2021


The natural gas storage report from the EIA for the week ending April 9th indicated that the amount of natural gas held in underground storage in the US rose by 61 billion cubic feet to 1,845 billion cubic feet by the end of the week, which left our gas supplies 242 billion cubic feet, or 11.6% below the 2,087 billion cubic feet that were in storage on April 9th of last year, but now 11 billion cubic feet, or 0.6% above the five-year average of 1,834 billion cubic feet of natural gas that have been in storage as of the 9th of April in recent years..the 61 billion cubic feet that were added to US natural gas storage this week was less than the average forecast of a 65 billion cubic foot addition from an S&P Global Platts survey of analysts, and was also less than the 68 billion cubic feet added to natural gas storage during the corresponding week of 2020, but it far surpassed the average addition of 26 billion cubic feet of natural gas that have typically been injected into natural ....

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