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Sep 22, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Natural gas prices

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
India's natural gas consumption starts to rebound in June
Markets

India's natural gas consumption starts to rebound in June

  • "In the Indian market there was some slowdown, but the situation is not as bad as last year," Manoj Jain.
  • Due to falling local gas consumption in April and May, GAIL diverted two cargoes to international markets while Petronet deferred one cargo for delivery in June.
Published 09 Jun, 2021 06:52pm
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 hold near one-week high ahead of storage report
Markets

US natgas futures hold near one-week high ahead of storage report

  • On its first day as the front-month, gas futures for July delivery fell 2.9 cents, or 1.0%, from where the July contract closed on Wednesday to $2.998 per million British thermal units.
  • US pipeline exports to Mexico, meanwhile, averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.
Published 27 May, 2021 06:39pm
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
US natgas futures slip to 3-week low on big storage build
Markets

US natgas futures slip to 3-week low on big storage build

  • The US Energy Information Administration (EIA) said US utilities added 71 billion cubic feet (bcf) of gas into storage during the week ended May 14.
  • That injection boosted stockpiles to 2.100 trillion cubic feet (tcf), or 4.0% below the five-year average of 2.187 tcf for this time of year.
Published 20 May, 2021 09:10pm