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natural gas exports

US natural gas futures edge up on rising global gas prices
Markets

US natural gas futures edge up on rising global gas prices

  • Front-month gas futures for July delivery on the New York Mercantile Exchange (NYMEX) rose 3.8 cents, or 1.2%, to $3.229 per million British thermal units (mmBtu).
  • US pipeline exports to Mexico averaged 6.7 bcfd so far in June, putting them on track to top May's 6.2-bcfd record.
Published 22 Jun, 2021 06:02pm
US natgas futures slip on milder forecasts, lower demand
Markets

US natgas futures slip on milder forecasts, lower demand

  • Traders noted that that small price decline came ahead of a federal report expected to show last week's storage build was in line with normal levels for this time of year.
  • Front-month gas futures fell 3.3 cents, or 1.1%, to $3.042 per million British thermal units.
Published 03 Jun, 2021 08:01pm
US natgas futures rise to one-week high on surging global prices
Markets

US natgas futures rise to one-week high on surging global prices

  • That US price gain came despite forecasts for milder weather and lower demand over the next two weeks than previously expected, a decline in exports and a slow but steady increase in output this month.
  • The July contract, which will soon be the front-month, gained about 3 cents to $3.00 per mmBtu.
Published 26 May, 2021 08:44pm
North Dakota monthly natgas output rises in March
Markets

North Dakota monthly natgas output rises in March

  • Monthly production touched an all-time high of 3.145 bcfd in November 2019.
  • Producers burned off, or flared, 0.184 bcfd of gas in March, down from 0.203 bcfd in February, the commission said, dropping the percentage of gas flared to 6% from 8%.
Published 20 May, 2021 07:00pm
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 steady ahead of storage report
Markets

US natgas futures steady ahead of storage report

  • That lack of price movement came despite forecasts for cooler weather and higher heating demand over the next two weeks than previously expected.
  • Front-month gas futures remained unchanged at $2.941 per million British thermal units.
Published 06 May, 2021 07:01pm
US natgas rises to fresh 9-wk high on record exports
Markets

US natgas rises to fresh 9-wk high on record exports

  • On its last day as the front-month, gas futures for May delivery rose 2.4 cents, or 0.8%, to $2.897 per million British thermal units.
  • That increase kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a third day in a row for the first time since August 2020.
Published 28 Apr, 2021 08:42pm
US natgas futures up to 7-week high on small storage build
Markets

US natgas futures up to 7-week high on small storage build

  • The US Energy Information Administration (EIA) said utilities added 38 billion cubic feet (bcf) of gas into storage during the week ended April 16.
  • That was less than the 49-bcf build analysts forecast in a Reuters poll and compares with an increase of 47 bcf in the same week last year and a five-year (2016-2020) average increase of 37 bcf.
Published 22 Apr, 2021 07:52pm
US natgas futures rise to 5-week high on small storage build
Markets

US natgas futures rise to 5-week high on small storage build

  • The US Energy Information Administration (EIA) said US utilities added 61 billion cubic feet (bcf) of gas into storage during the week ended April 9.
  • That is lower than the 67-bcf build analysts forecast in a Reuters poll and compares with an increase of 68 bcf in the same week last year and a five-year (2016-2020) average increase of 26 bcf.
Published 15 Apr, 2021 08:27pm
US natgas futures fall near 3pc on milder forecasts
Markets

US natgas futures fall near 3pc on milder forecasts

  • Front-month gas futures fell 7 cents, or 2.7%, to $2.569 per million British thermal units.
  • After utilities started injecting gas into storage in late March, which was earlier than usual, speculators cut their net long positions on the New York Mercantile (NYMEX) and Intercontinental Exchanges for a sixth time in a row last week to their lowest since July 2020.
Published 05 Apr, 2021 08:11pm
US natgas futures flat as mild weather offsets record LNG exports
Markets

US natgas futures flat as mild weather offsets record LNG exports

  • On its second to last day as the front-month, gas futures for April delivery remained unchanged at $2.568 per million British thermal units (mmBtu) .
  • Traders noted the 200-day moving average has become a strong price floor or technical level of support. The front-month has not settled below the 200-day since September 2020.
Published 26 Mar, 2021 08:16pm
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