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Dec 11, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Natural gas prices

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

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 rise to one-week high on cooler forecasts
Markets

US natgas futures rise to one-week high on cooler forecasts

  • Traders also noted that mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory will rise above the five-year (2016-2020) average for the first time since the February freeze.
  • Front-month gas futures rose 1.9 cents, or 0.8%, to $2.541 per million British thermal units.
Published 09 Apr, 2021 06:56pm
PMEX daily trading report
Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.133...
Published 03 Apr, 2021 03:41am
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 ease on milder weather forecasts for next week
Markets

US natgas futures ease on milder weather forecasts for next week

  • That small price decline came despite record liquefied natural gas (LNG) exports and forecasts for colder weather and higher than previously expected heating demand this week.
  • The amount of gas flowing to US LNG export plants, meanwhile, has averaged 10.4 bcfd so far in March.
Published 17 Mar, 2021 06:14pm
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
US and Canada power and natgas prices soar on arctic freeze
Markets

US and Canada power and natgas prices soar on arctic freeze

  • Close to 20 million Americans throughout the country's mid-section can expect to be impacted by winter weather in the coming days.
  • Energy traders said some 5-minute power prices in Texas approached $4,000 per megawatt hour on Thursday. That compares with an Ercot North average of $26 in 2020.
Published 12 Feb, 2021 09:41pm
US and Canadian natural gas prices soar during Arctic blast
Markets

US and Canadian natural gas prices soar during Arctic blast

  • The weather pattern is beginning to sound like a broken record for many residents of the eastern half of the US as snowy and cold weather shows no signs of letting up anytime soon.
  • That cold air will move to the East Coast over the next day or two where it could drop up to six inches (15.2 centimeters) of snow on parts of Pennsylvania.
Published 11 Feb, 2021 08:11pm
US and Canadian natural gas prices soar during arctic freeze
Markets

US and Canadian natural gas prices soar during arctic freeze

  • "This blast of cold air will likely settle in for multiple days to come," meteorologists at AccuWeather said.
  • High temperatures in Chicago were expected to remain below freezing (32 degrees Fahrenheit or zero degrees Celsius) from Feb. 5-22, AccuWeather said.
Published 08 Feb, 2021 08:38pm