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natural gas business

US natgas futures soar to 3-month high on rising air conditioner use
Markets

US natgas futures soar to 3-month high on rising air conditioner use

  • Front-month gas futures rose 16 cents, or 5.4%, to $3.121 per million British thermal units (mmBtu) .
  • Data provider Refinitiv said gas output in the Lower 48 US states averaged 90.9 billion cubic feet per day (bcfd) so far in May, up from 90.6 bcfd in April, but still well below November 2019's monthly record of 95.4 bcfd.
Published 17 May, 2021 08:52pm
US natgas flat as higher oil prices offset milder weather
Markets

US natgas flat as higher oil prices offset milder weather

  • Front-month gas futures remained unchanged at $2.958 per million British thermal units.
  • US crude futures, meanwhile, rose over $1 a barrel earlier in the day on signs of a speedy economic recovery and upbeat forecasts for energy demand.
Published 12 May, 2021 06:29pm
US natgas futures slip to one-week low ahead of storage report
Markets

US natgas futures slip to one-week low ahead of storage report

  • That small decline comes ahead of a federal report expected to show last week's storage draw was smaller than usual and could be the last withdrawal of the 2020-2021 winter heating season.
  • Front-month gas futures fell 2.3 cents, or 0.9%, to $2.495 per million British thermal units (mmBtu).
Published 25 Mar, 2021 08:52pm
US natgas futures hold at 5-week low on milder forecast
Markets

US natgas futures hold at 5-week low on milder forecast

  • Traders, however, noted the weather is expected to turn slightly cooler in mid March, which should boost heating demand a bit during the week of March 14 over the week of March 7.
  • Front-month gas futures fell 0.8 cents, or 0.3%, to $2.738 per million British thermal units.
Published 05 Mar, 2021 09:18pm