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Natural Gas Futures Slump Second Day Amid Elusive Demand, LNG Uncertainty; Cash Prices Fall

Natural Gas Futures Slump Second Day Amid Elusive Demand, LNG Uncertainty; Cash Prices Fall

Natural gas futures extended losses on Wednesday as forecasts pointed to benign conditions and LNG demand proved soft, offsetting continued light production estimates and expectations for a seasonally bullish storage print. At A Glance: Unsupportive weather outlook Production hovers near 97 Bcf/d NGI models 56 Bcf storage build Coming off a 3.9-cent decline the prior…

May 1, 2024
May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat

May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat

Natural gas prices slipped lower in May bidweek trading as the month’s expected uptick in cooling demand was upstaged by hefty inventory levels and recent bumpy performances by Gulf Coast LNG terminals. NGI’s May Bidweek National Avg. fell 7.0 cents month/month to $1.240/MMBtu. Trading for the latest bidweek period spanned April 24, 25 and 26…

May 1, 2024
Natural Gas Futures Retreating as Pressure Felt from Plump Storage — MidDay Market Snapshot

Natural Gas Futures Retreating as Pressure Felt from Plump Storage — MidDay Market Snapshot

Facing bearish headwinds from mild weather, weak physical market pricing and stubbornly elevated storage inventories, natural gas futures were retreating through midday trading Wednesday.  Here’s the latest: June Nymex futures off 5.6 cents to $1.935/MMBtu as of 2:10 p.m. ET Market expectations coalescing around a slightly lighter-than-average injection Thursday This week’s U.S. Energy Information Administration…

May 1, 2024
Selling Continues for Natural Gas Futures Early Amid LNG Weakness

Selling Continues for Natural Gas Futures Early Amid LNG Weakness

With LNG demand weakness countering a retreat in domestic production in updated estimates, natural gas futures continued to slide in early trading Wednesday. Coming off a 3.9-cent sell-off in Tuesday’s session, the June Nymex contract was down another 6.2 cents to $1.929/MMBtu at around 8:45 a.m. ET. Wood Mackenzie estimates put first-of-month production at 97.1…

May 1, 2024
Natural Gas Futures Slip Back Below $2 as Freeport’s Restart Questioned; Cash Prices Rise

Natural Gas Futures Slip Back Below $2 as Freeport’s Restart Questioned; Cash Prices Rise

Natural gas futures gave up early gains on Tuesday, trading down more than 13 cents from the day’s high as doubts about Freeport LNG’s recovery lingered and markets braced for bearish monetary policy news Wednesday. At A Glance: Freeport ramps to 38% capacity Production falls to 96.9 Bcf/d Northeast leads cash gains The June Nymex…

April 30, 2024
Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot

Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot

Uncertainty around demand at the Freeport LNG terminal had natural gas traders on a bumpy ride through midday Tuesday. Modest gains earlier in the session gave way to a steep sell-off shortly before lunchtime on the East Coast. Here’s the latest: June Nymex futures off 4.2 cents to $1.988/MMBtu as of 2:11 p.m. ET Front…

April 30, 2024
June Natural Gas Adds to Gains as Production Dips Further in Estimates

June Natural Gas Adds to Gains as Production Dips Further in Estimates

Natural gas futures were trading higher at the front of the curve early Tuesday as updated estimates offered further evidence of declining springtime production volumes. Coming off a 10.7-cent rally on Monday, the June Nymex contract was up 1.3 cents to $2.043/MMBtu at around 8:50 a.m. ET. Estimates from Wood Mackenzie as of early Tuesday…

April 30, 2024
Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps

Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps

Natural gas futures pushed higher on Monday, boosted by a full restart of Freeport LNG’s third train, supply interruptions in the Permian Basin and expectations for a below-average storage injection. At A Glance: June takes over as front month Freeport restarts third train NGI models 56 Bcf injection The June Nymex contract settled 10.7 cents…

April 29, 2024

Venture Global Aims for Plaquemines LNG First Production By Summer – The Offtake

Venture Global LNG Inc. is looking to import at least three liquefied natural gas cargoes to aid in commissioning of Plaquemines LNG, according to a Department of Energy (DOE) filing.

April 29, 2024
Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot

Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot

With recovering flows to the Freeport LNG terminal bringing out the bulls, natural gas futures were rallying through midday trading Monday. Spot prices were climbing off the lows recorded for delivery over the weekend. Here’s the latest: June Nymex futures up 9.3 cents to $2.016/MMBtu as of 1:58 p.m. ET With slow stochastics “in extreme…

April 29, 2024
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